Long & Short Entry Forecast For Gold

24 Jun

Cooling war tensions seem to be cooling the Gold bullish rally as well.

But we're still in the same range since April 15th and will likely stay in the range until further notice *or the next tweet*

The Sell entry is great now cos we're near the top of the high volume node, so even if we consolidate around that POC [point of control] this sell entry will still be putting us closest to the top of the node.

Hold your sell and TP at the VAL[value area low] . We have a very deep low volume area there and its being a point of support since April. So we can place bets with small risk on hoping it holds cos if it doesn't, it wont be pretty. That is still the best place to buy regardless. So manage your risk accordingly

TP 1 for the Buy trade is at the POC , which also happens to be the top of the huge volume node. Totally make sense to take a decent chunk of profit of your position there, then move you stop loss into profit and grab some pop corn. Depending on the news , the best case scenario of for the uptrend is to continue all the way up to TP2 which is at the VAH [Value area high]

Secure the bag :)
Enjoy

7 hari lalu

Dagangan aktif

It took a few days due to the level of uncertainty news. But we're finally seeing a strong move down. Target remains the same. But i find it suspicious on a Friday night. I wont be surprised if London session reverses the move then New york session either continues the dump towards the target or they hold it up into weekend and resume the dump with a new weekly candle. If you took this trade, close a good amount of your profit and let the rest run risk free.

6 hari lalu

Dagangan ditutup: sasaran tercapai

Target it with beautify accuracy

3 hari lalu

Nota

I'av made alot of calls in the past but the precision of how this one is playing out is quite amazing.

Phase 2 INITIATED !!! LONGS are now active.

Its very likely to be a crazy volatile week, starting tomorrow with Powell speaking Tuesday morning , ADP Non Fam on Wednesday and Thursday.

Secure your positions and take partial profits . It's normal for Gold to start consolidation as we're drawing closer to the news event, so don't be surprised id you see wicks flying around.

If you want to learn more about my trade analysis that lead to this forecast. I created a weekly recap video going over the analysis behind SHORT we took on this trade for last week, and i created a second video showing my weekly forecast for this current week, which essentially goes over the LONG trade currently active now. Both videos can be found on my youtube channel ExoProtocolFX

kelmarin

Nota

TP 1 SMASHED !!..The bullish momentum that started since Sunday after wicking out of our entry some has been intense.
There must have been a huge amount of resting liquidity down there because it has not giving ANY pullback entries at all. This is what you call ONE TIME FRAMING in orderflow concepts. Maybe Powells new this morning will give us some pullback opportunities to either enter the the trend or add more to you position if you got in at the very bottom.

We have crossed over the monthly POC with almost to rejection, to my surprise. If it holds then T2 will be easy to hit before the end of the week