Good Morning Everyone,
This week on GOLD I am anticipating further downside movement as I would like to see one final leg down sweeping early buyers resting below this years low.
When doing my analysis I ask myself TWO questions.
1. What would the MAJORITY be looking to participate in with current price.
2. Who do I currently see being manipulated in current price.
Now let's look at my chart mark up and answer those questions. The red flag on the left represents break of structure this is important because the MAJORITY will be looking to BUY any retrace-meant lower. I have marked out where I believe BUYERS to already be trapped in the market so my answer to question 1 will be I BELIEVE majority are looking to BUY which means I myself am looking to SELL.
Now if we take a look to the right side of the chart where CURRENT price is we have a red flag representing break of structure. What I would like to see here is a move taking out Fridays HIGH this move will do TWO THINGS.
1. It will lure Buyers into the market convincing them the break of structure was valid and continuing higher.
2. It will clear out any EARLY sellers who managed to anticipate lower prices .
so my answer to question 2 will be I BELIEVE buyers are currently in the process of being manipulated. These two answers have lead me to be BEARISH this coming week targeting first the areas of engineered bullish liquidity marked on the left of the chart.
I have two price levels marked below this current years low which will be a further target but what I anticipate to happen is as this is my potential reversal point It makes more sense to this price to be reached during NON FARM PAYROLL week as a manipulation leg before reversing.
So to wrap this up I am anticipating lower prices this week on GOLD if we do turn out to be bullish then I will come back with further analysis I am prepared either way but lean considerably more to bearish movement.
Stay tuned for my TRADE ENTRY...
Have a good trading week.
This week on GOLD I am anticipating further downside movement as I would like to see one final leg down sweeping early buyers resting below this years low.
When doing my analysis I ask myself TWO questions.
1. What would the MAJORITY be looking to participate in with current price.
2. Who do I currently see being manipulated in current price.
Now let's look at my chart mark up and answer those questions. The red flag on the left represents break of structure this is important because the MAJORITY will be looking to BUY any retrace-meant lower. I have marked out where I believe BUYERS to already be trapped in the market so my answer to question 1 will be I BELIEVE majority are looking to BUY which means I myself am looking to SELL.
Now if we take a look to the right side of the chart where CURRENT price is we have a red flag representing break of structure. What I would like to see here is a move taking out Fridays HIGH this move will do TWO THINGS.
1. It will lure Buyers into the market convincing them the break of structure was valid and continuing higher.
2. It will clear out any EARLY sellers who managed to anticipate lower prices .
so my answer to question 2 will be I BELIEVE buyers are currently in the process of being manipulated. These two answers have lead me to be BEARISH this coming week targeting first the areas of engineered bullish liquidity marked on the left of the chart.
I have two price levels marked below this current years low which will be a further target but what I anticipate to happen is as this is my potential reversal point It makes more sense to this price to be reached during NON FARM PAYROLL week as a manipulation leg before reversing.
So to wrap this up I am anticipating lower prices this week on GOLD if we do turn out to be bullish then I will come back with further analysis I am prepared either way but lean considerably more to bearish movement.
Stay tuned for my TRADE ENTRY...
Have a good trading week.
交易進行
AS you can see from my Sunday analysis price for the week has played out according to plan. My next post I will share with you a potential contnuation trade
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。