ChilhoodTraders

As Gold has reached its all time high, and still in Bullish trend. We are likely to see it more bullish. Buying Scenario: 1- As Weekly candle Closed bullish breaking Resistance. 2- Impulse Buying can be expected above 2400 closing. Selling Scenario: 1-In Smaller TF, Rejecting from the 2395. 2- Fib Retracement from previous Swing low, Sell Side Liquidity, and Trendline. These major confluences can bring Gold down towards 2373. Good Buying opportunity from 2373-2375. Note: Manage risk according to our Account size and always put Stoploss

Gold was in range for quite some time, Rejected from daily Resistance. Bearish or Selling: 1- Break the trendline and retest it on 30m or 1h. 2- Break the daily support. Bullish or Buying: DYOR Manage risk according to your account size. Always Put stoploss

Gold has Rejected from the the recent swing high. Broke the Strong area of 2051 on HTF, Retesting this area to enter in bearish zone. Selling If: 1- Bearish candles forms at 2051 area. 2- Selling Trend if market broke the MSB below 3- FVG fill up Buying If: 1- Market Broke the 2051 area. Note: Trade with Proper Risk Management and SLs. DYOA

If we see previous move, Gold is indicating buy. Buying if: 1- Breaks the 2088 level. Target should be next swing High. 2- Sustain its HHs & HLs 3- Above 50EMA on 4H Selling if: 1- Short term sell if Gold breaks the 2072. Target should be 2052 2- Selling Trend if market breaks the 2042 3- FVG needs to be filled & Developing equal highs Note: Follow the Scenarios according to the market move. Manage your risk according

As previously Gold was in a bullish trend before the market broke 1922.600 Price level and now it entered in Bearish trend. Possibility: As the news fell the instrument down, we are expecting a retest at 1922.600 level. If the market give selling opportunity from that area, we can take sells till the very last liquidity zone down.

The gold broke the previous bullish trend and entered in bearish trend Scenarios: 1- Expecting the price to break the zone below and test the fib 0.61 area with a long wick, Retest the upper zone and continue pushing down towards the 1D Resistance or the zone at the bottom. 2- If gold rejected the zone below and continue pushing up and breaks the Resistance above then there is a chance of buying. Note: Trade according to the scenarios with risk management and account size.

PATTERN FORMATION XAUUSD is making Inverse Head & Shoulder Pattern on 4H Timeframe. Gold should drop to 1831 level and make a wick at 1825 in order to make Right Shoulder, And will bounce back to 1848 area to complete its pattern. REJECTION Rejection at 1848 RESISTANCE Resistance at 1848 SUPPORT Weak Support at 1837 Strong Support at 1831 TRADE SETUP Selling below 1825 (if pattern doesn't form) Buying Trend above 1848 (if pattern doesn't form) TP1 200MA TP2 Resistance at 1890 NOTE: Take Trade on CONFIRMATIONS Manage Risk accordingly DYOR