Gold forming cup and handle
now in consolidate phase which form HnS pattern
we can enter the market by breakout strategy to make sure the price is moving directly
it will be better if any additional sign come like divergence or golden cross
use standart Money Management (2% Risk per trade), Good RR (1:2), it will be better to you enter the battle
happy...
we foresee that gold still in bearish pressure in Higher Timeframe
now price is stuck in suppy area and previous liquidity pool area which mean there a prob to bouncing
confluence with fib retracement 38,2 at daily chart and 61,8 at h4 timeframe
our 1st scenario gold free fall to last strong support at 1722 (confluence with 161,8 fib)
alternative scenario gold...
We foresee at longterm trade gold forming inv HNS
we can trade at near low support/demand area
waiting for another confirmation formation candle like hammer, pin bar, piercing, etc
Searching for area concluent like divergent, golden cross, pivot point and trendline
happy trading
Inverse Head n Shoulder confluence with ABCD pattern. Waiting for other confirmation e.g Divergent and Price Action like pin bar, hammer, inside bar will be nice for enter this trade setup.
Happy Trading
We foresee gold forming bullish flag pattern it indication continuing the bullish trend
Confluence area with FIBs 261,8 and Supply Area Zone
We can trade with confirmation candle like Pin Bar or Hammer to get best Risk Reward Ratio Trade
Also we can enter market after false breakout inside bar continue their trend with next breakout inside bar near trendline/price...
We foresee Dollar Index in D1 Timeframe may form HNS pattern
We need confirmation candle at H4 time frame
better with price action like hammer candle/ pin bar bullish candle in the bullish trendline
combine with bullish divergence will be high probability trading setup
happy trading
Gold will continue uptrend after make healthy correction
If gold can maintain the area 1820 so we can see the uptrend until near 1841
do with your own risk
A short reviews and perspective an FX and Gold Analysis
Trade setup with Sniper Entry base on Price Action
Just share to everyone who want to study Trading FX and Gold
All signal do with your own risk
Keep your Good money management and psycological management trading properly
Happy trading
lets do some fun
"Miracle Trading"
