Here is m y opinion on GOLD On 30 Mins T.F , We have a Good movement , and we have a new Range Now Between 4970.00 To 5038.00 and we have a good res @ 5035.00 so we can sell Gold from it as scalping and 4970.00 will be the best place for Buy cuz the price broke it and retest it and give us a good bullish price action , and the main direction still very bullish and any short setup it`s a scalping setup to collect some pips and then continue to the main direction .
The range between 5038.00 to 4970.00 will be the best place for Sell as a scalping and buy as main direction and if we have a 4h closure above 5038.00 we will enter another buy trade to continue this wave to upside And if we have a 4H Closure below 4970.00 we will enter another sell trade to continue to downside , now the price near selling area so we can wait the price to retest the res area and then enter a sell trade and targeting 4970.00 and when the price touch it and give us a good bullish P.A , we can enter a buy trade and targeting 5038.00 , It`s All Depend On Price action so don`t enter before we have a good confirmation , if we have a daily closure below our support then the price will go down more and more after huge movement to upside and if we have a daily closure above our res the price will go higher .
Entry Reasons :
1- Highest Level The Price Touch It
2- Broken Res
3- New Support Created .
4- Clear Price Action .
5- Clear Support & Res .
6- Price Range Cleared .
The range between 5038.00 to 4970.00 will be the best place for Sell as a scalping and buy as main direction and if we have a 4h closure above 5038.00 we will enter another buy trade to continue this wave to upside And if we have a 4H Closure below 4970.00 we will enter another sell trade to continue to downside , now the price near selling area so we can wait the price to retest the res area and then enter a sell trade and targeting 4970.00 and when the price touch it and give us a good bullish P.A , we can enter a buy trade and targeting 5038.00 , It`s All Depend On Price action so don`t enter before we have a good confirmation , if we have a daily closure below our support then the price will go down more and more after huge movement to upside and if we have a daily closure above our res the price will go higher .
Entry Reasons :
1- Highest Level The Price Touch It
2- Broken Res
3- New Support Created .
4- Clear Price Action .
5- Clear Support & Res .
6- Price Range Cleared .
Note
The Price Touch Sell Area And Moved +200 Pips Note
The Price Hit The Sell Target +500 PipsNote
The Price Respected The Buy Area And Moved +160 PipsNote
Our Buy Area Forced The Price To Move +350 Pips Trade closed: target reached
Short Target Hit +550 Pips Long Moved +400 Pips
Breakout To Downside + 600 Pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.