👉 VIP Signals & Education: https://forextradingwizard.com
👉 Free Telegram: https://bit.ly/342slNF
👉 Regulated Broker I Use and Recommend TMGM: https://shorturl.at/ejTZ8
👉 All my link in one place: https://bit.ly/3wjgaus
Social Media
Subscribe to YouTube Channel
https://www.youtube.com/channel/UCmS9_AgMmhUKHvWjPJEc3cQ?sub_confirmation=1
Follow me on Instagram
https://bit.ly/3xFjiQj
Trading View
https://www.tradingview.com/u/nezam02/
#eurusd#eurusdanalysistoday#goldanalysis#liveanalysis #priceaction #forex #forextrading #daytrading #cryptocurreny
Description:
Thank you and SUBSCRIBE to our channel to find more videos like this.
Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Hello trer hope that you had an enjoyable day looking at gold as you can see in the beginning of the session gold had a strong breakout and with that breakout the price is showing significant bullish momentum on the lower time frame now before we discuss how we can trade first let’s quickly
Look at the bigger picture to see the overall direction in the market looking at the monthly as we see that from the monthly gold has made significant bearish momentum in the early couple of weeks and then we have seen that gold had a bounce from this level now the
Price currently above the monthly support level and what I think that the price might push high as we have seen the price has triggered all-time high has made a significant drop against this major uptrend after testing this support level we have seen a bounce now with
This bounce we can expect gold to move up to create a new higher high if we look at the weekly time frame to see how the price is doing now from the weekly we have seen that after this big drop from the weekly time frame previous week
Has formed a long week dodgy now this week so far we have seen that cold has made significant movement and what I think that the price after pullback we could see that gold trying to break the previous weekly high this level and later we might see coming back down to
Fill the lower part of this long week candle from the weekly and this is the resistance that what I think that gold finally could break before dropping down now looking at the daily time frame to see how the price is doing the previous day we saw a bullish middleman
With this strong bullish impulse followed by a correction and we have seen back toback two days of bullish momentum today so far the Bulls are still trying to break the high with a little pull back this is the daily low and as we are expecting gold to try to
Break the weekly resistance level from the daily what I think that it could drop back to get the liquidity and then we can expect for the price to go ahead and to test this resistance level now looking at the intraday perspective we can see that from the intraday this is
Where there is a a bounce big bounce on the gold followed by a narrower correction and we see the Bulls again is still maintaining that momentum to the upside now looking at 15 minute chart to see how gold is doing we saw that there was a local breakdown here previously to
This support level and immediately the price has gone back up as we are expecting gold to retest this daily low what I will be waiting for gold to do a local breakdown to drop below this level as we are expecting gold to retest the weekly resistance and what I think that
It might even retest this very important liquidity Zone as this level was respecting multiple times and with a local breakdown in that direction break of a structure can give us suitable entry for this potential move to the upside any break of this structure on the lower time frame we look for going
Long on gold with a high probability trade setup with our students if you enjoy this analysis leave a like and also subscribe to the channel thank you and I’ll see you soon in my next analysis
1 Comment
So cool!