Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/CAD Sell. Enjoy the day all. Cheers. Jim
The potential surge in gold prices is being closely monitored, particularly as buyers exhibit a notable interest around the significant Fibonacci golden level at a price point of $3220. This level serves as a crucial indicator for market participants, suggesting that a breakout could lead to substantial upward momentum.
EURSGD is now net short on the regression break down. I am going through my EA to determine the correct on for this market with limited risk.
We are now net long on the regression break. I am not taking this trades as it is only just a break and the market is volitile.
Robinhood is showing strong signs of accumulation and trend reversal on the higher timeframes. Price will double from where it is at currently. Thank me later!
Gold is showing bullish strength with higher highs and higher lows forming on the chart. Price has respected key support around and is now aiming for resistance near . Entry idea: Buy between Stop Loss: Target: Trend: Bullish Timeframe: [1} Hr ? Reason for Long: Price above EMA Strong demand zone at Bullish price action (engulfing candle / breakout / etc.) ? Tags (Important for visibility): #GOLD #XAUUSD #LONG #BUY #Bullish #TradingView #PriceAction
XAUUSD with the new daily open price with a gap and started to trend back down. As the market is just below a significant support, the price may continue to drop to the daily 20ema which is also previous swing high turn support. A sell trade is high probably after price action confirmation.
Gold failed to show a decisive move yesterday as expected, and the market continues to trade within a tight range between 3260 and 3300, resulting in limited profit opportunities. As of this update, price remains in sideways consolidation, with 3260 having been tested for the fifth time, indicating that this support level may be weakening. ? Technical Outlook: Given that current price levels are closer to the 3220 key support zone, it's more likely that the market will dip lower to test support before any meaningful rebound. The inability to break above 3300 strengthens the case for a near-term bearish move. ✅ Trading Recommendations for Today: ? Sell Zone (Short Entries): 3310–3330 ? Buy Zone (Long Entries): 3230–3200 ⚠️ Manage position sizes carefully, and wait for confirmation of support before committing to larger entries.
This is an update to the Gold short idea that I posted yesterday. I showed how we can draw another head-and-shoulders and demonstrated how to use Fibonacci extensions set take profit targets.
Just a little quick mid week update on the markets so far looking at AMEX:SPY NASDAQ:QQQ NASDAQ:TSLA TVC:USOIL NASDAQ:META NASDAQ:MSFT