Gold shakes violently | Priority Buy on dip to support

3 hari lalu

🟡 XAU/USD – 24/09 | Captain Vincent ⚓

🔎 Captain’s Log – Context & News

Geopolitics: Trump unexpectedly supported Ukraine reclaiming full territory and called on NATO to be tougher on Russia → defensive sentiment returned, supporting Gold.

US Economy: Housing data due today, no FED speeches.

Earlier: Weak US PMI + dovish FED tone → no momentum for a prolonged downtrend.

Price Action: Gold dropped more than 20 points overnight, then quickly rebounded to 3,76x → likely profit-taking pressure at higher levels.

⏩ Captain’s Summary: Main trend stays bullish, but the voyage will remain choppy as Gold absorbs profit-taking near resistance.

📈 Captain’s Chart – Technical Analysis (M45)

Golden Harbor (Support / Buy Zone)

Buy Scalp OB: 3,754 – 3,757

OB Harbor: 3,741 – 3,744

Storm Breaker (Resistance / Sell Zone)

Sell Scalp Zone: 3,797 – 3,800

Higher Sell Zone: 3,813 – 3,815

Market Structure

After the deep drop, Gold rebounded and held above 3,76x.

Bullish trend remains intact, but waves of volatility may occur near higher resistance zones.

🎯 Captain’s Map – Trade Plan

✅ Buy (priority)

Buy Scalp OB

Entry: 3,754 – 3,757

SL: 3,747

TP: 3,762 – 3,767 – 3,772 – 3,777 – 3,782

Buy Zone OB

Entry: 3,741 – 3,744

SL: 3,732

TP: 3,749 – 3,754 – 3,759 – 3,764 – 3,769

⚡ Sell (short scalp – lower RR)

Sell Scalp Zone

Entry: 3,797 – 3,800

SL: 3,806

TP: 3,795 – 3,790 – 3,785 – 3,780 – 3,775

Higher Sell Zone

Entry: 3,813 – 3,815

SL: 3,823

TP: 3,810 – 3,805 – 3,800 – 3,795 – 3,790

⚓ Captain’s Note

“The Golden ship rocked violently overnight but still anchored firmly at Golden Harbor 🏝️ (3,754 – 3,741). Profit-taking waves may still rise at Storm Breaker 🌊 (3,797 – 3,815), suitable for short Quick Boarding 🚤 scalps. Yet the main voyage continues north – Buy the Dip remains the compass to follow the strong winds.”

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kelmarin

Dagangan ditutup: sasaran tercapai

Quick Recap

Gold followed the planned decline; each touch of the marked zones reacted with at least +50 pips.

Positive U.S. housing data → strengthened USD → downside pressure on gold yesterday.

Current Status
Price just tapped the M30 Order Block and bounced.
EMA 34/89 has crossed down, confirming the primary downtrend → the current rise is viewed as a pullback.

Action Plan (prioritize “sell the rally”)

Wait for a pullback to the nearest resistance/OB on M15–M30 to sell with the trend.

Entry confirmation: wait for weakening signals (rejection candles, long upper wicks, micro BOS on M5–M15).

Risk Management

SL above the latest pullback high / top of the OB.

Scale out TPs (at least 2–3 targets) and move SL to BE after +40–60 pips.

Alternative Scenario
If price closes decisively above the OB and EMA 34/89 “open up,” go flat/sideways, then cross up → pause sell setup and wait for a new structure.

Note
Don’t chase when price is dumping; prioritize selling at good zones after confirmation.

👉 Follow my TradingView channel for daily detailed plans (exact entries/exits, invalidation levels, and post-news updates).