BA_Investments

Option 1: Gold rejects from $3,430 zone & drops towards $3,260. Option 2: Gold buyers hold around $3,260 & push price back up. Which scenario do you find more likely?

Option 1: Gold rejects from CMP & drops towards $3,260. Option 2: Gold buyers hold around $3,260 and push price back up. Which scenario do you find more likely?

Price has pushed up as expected back into the $3,400 zone, where we had a lot of pending liquidity that needed to be wiped out. Now that liquidity is collected I am patiently waiting for some form of 'distribution price action' to play out, before I consider selling. Until then I'm sitting on the sideline. If Gold takes out Wave 2 high ($3,451) then bearish structure is invalidated & we can start looking at buy trades.

I see a possible buy opportunity towards $3,406 on Gold, as part of its bigger Wave 2 correction, before we can consider selling again. Confluences👇 ⭕️Wave 2 Correction Not Complete (2 Sub-Waves So Far). ⭕️Distribution Schematic Forming. ⭕️Early Sellers ($3,377) & Buyers ($3,310) Liquidated In Past 2 Days. Now we've seen both buyers & sellers liquidated, we can expect to see a cleaner move back towards $3,400 where there is a lot of pending liquidity.

Gold sells are running in amazing profits! Price is now down 320 PIPS in profit from our entry at $3,353, within the Gold Fund for my investors. Let me know how many of you are currently in this trade🤝

Yesterday's entry hit SL, as price pushed up a little higher for liquidity, ahead of today's CPI data. I have entered another sell entry today at $3,353. Couldn't send analysis straight away as I was out & didn't have my laptop on me. But re-trying this analysis one last time. If SL is hit, we will wait for $3,400 entry.Gold sells are running in amazing profits! Price is now down 320 PIPS in profit from our entry at $3,353, within the Gold Fund for my investors. Let me know how many of you are currently in this trade🤝

Taking a HIGH RISK ENTRY here for sell's. Bearish momentum seems to be kicking in, so I am willing to take a high risk entry, with a smaller lot size then usual. Our second entry zone still sits higher around $3,400 so I am being careful here with tight risk management.

Still looking for a move lower in the coming weeks. There are 2 possible zones I would like to see Gold sell off from: Zone 1: $3,356 - $3,340 (CMP) Zone 2: $3,406 - $3,426 Being patient, with no current sells. This analysis is just my current theory. If $3,450 (Wave 2 high) is taken out, then we are heading towards $3,600+

I am not inclined towards buy's at this level blindly, because overall my bias remains bearish on Gold. Buyers closed very weak above this 'resistance turned support' zone, so we can possibly see sellers take back control. For now I'm holding back from any new trades, but will take sell's when market structure offers an opportunity.

I would like to see the 4H candle close strongly ABOVE this current resistance zone & turn it into support, before I can confidently say it'll shoot up to $3,400 next. For all we know, price might reject this resistance again & shoot back down, but that is looking unlikely right now. Let's see how the weekly candle closes tonight.