Ily14

FUNDAMENTALLY; persistent inflation concerns drive investors to gold geopolic tensions make gold as a safe haven cpi came as negative which devalue from the dollar technically ;BULLISH TREND BREAK OF THE SUPPLY AND DEMAND ZONE A DEEP RETEST ON THE DAILY zone PRICE ABOVE THE SMAES HIGH BULLISH VOLUMEPRICE IS ON A MONTHLY S/D ZONE M LOOKING FOR SHRINKING CANDLES MULTIPLE REJECTIONS FEB RETRACEMENT EITHER 368 OR 50A LONG WICK DOji CANDLE ON THE 4H FOR my ENTRY SIGNAL 1H DOUBLE BOTTOM 30M ENGULFING OR A VARIATION CANDLE RM;1%RISK4.1 RRRSCALING IN USING BOH setup while trailing in my stops ps advice :follow your plan and onlythink of the setup itself not the money manage risk vs reward

on the monthly; price got rejected three times from the same supply and demand zone indicating a huge supply then we can see from the monthly candle that there is a high supply that pushed prices lower. the weekly; price is making structure LL and LH, now price is retracing to the broken daily s/r zone, the trend is bearish.on the daily ; price retracing to the broken s/r zone and making a new lower high, the trend is fully bearish with the SMA's confirmation as well.on the 4h ; waiting for a price reaction on that d zone, looking for shrinking candles and rejections indicating a loss of momentum, and a confirmation to go look for my entry on the lower timeframes

on the monthly price got rejected three times from the same supply and demand zone, also made a new structure lower low and retraced to the broken zone so i was expecting a bearish move from the price.on the daily we had a bearish trend and after the price broke the structure i was looking for a retest to it, the momentum was also pretty much strong on the 4h price gave me a shotting star rejection then i waited for a more confirmation candlestick which it was the engulfing candle that made a new lower low.on the 1h i had an engulfing candle as my entry.sl above previous structure tp on th enext daily s/r zone

Fundamentally; Gold prices have been falling for two reasons the feds raising interest rates which attracts investor money and makes the US dollar even more stronger and as long as the feds keep raising the interest rates to protect the economy and stabilize inflation I see no hope for a bullish market for gold at this moment. Technically;The overall big trend on the monthly is bearish but the price is currently on a level of s/r while the price is also touching the 50ema so we may see a quick and huge reversal to the upside and a continuation with the bullish trend but for now and Based on what’s going on m only taking sellsOn the weekly & daily timeframe, the price is making LL and LH currently it’s on a LL so there might be a pullback on the way OR not.On the 4h price made a new higher high so, for now, m only short on gold, trading with the big trend, as the usual imma look for the price to break below a new structure with a heavy momentum candle and below the ema’s then ill look for my entry on the 1h.

Monthly/ weekly; price broke the deceleration zone and the bullish structure, now it’s trending bearish m expecting the price to reach 1200 looking at it from Elliot wave theory. On the daily, we can see that the market is making new bearish swings with high bearish momentum. On the 4h price is currently consolidating imma wait for it to break below with a momentum candle and the emas then imma go to the 1h for my entry Sl; above the nearest swing Tp; previous structure

On monthly and weekly time frame price is bearish but the overall direction is bullish and the price rn is on a major support level the price got rejected 3 times so far cus of the high demand so I’m expecting it to reverse to the upside.The daily price is not breaking the previous LL and it just gave me an L so this is another confirmation that the price is changing its structure to the bullish momentum and with that said imma be looking for buys only.On the 4h m going to be waiting to see multiple rejections before any reversal or consolidation to look for my confirmations which are a break of the new structure a HH that the price made before reversing and strong bullish momentum for an entry.I need to see a break of the new structure/resistanceAbove the ema’sMomentum bullish candle 1h entry will be after an engulfing candle And above the 14/5 ema’s SL; bellow a structure that the price won’t reach if it happens to retrace and close to the 200emaTP; 1tp previous HH 2tp previous LH

my confluences are the same as always, ill be scaling in into the position on the 1h when there are obvious opportunities

d; bearish got rejected from the daily s/r zone 4h; bearish and its done retracing confluences;break the structure with a heavy momentum break the support zone below the emas trading with the big trend1h ; below the emas breaking with an engulfing candle and that would be my entry SL; above structure TP; next tp

my confluences; d; the big trend is bearish 4h; bullish ( for a quick intraday trade imma follow the 4h trend)broke the range zoneprice broke above resistancebroke the previous HH with high momentum above 50/20emas 1h long wick rejection .15m my entry was on the close of an engulfing candle sl; previous swing tp; nearest s/r a quick one price may reverse on me at any moment cus its a counter trend trade RM; risk; always 1% or less rrr; the mini target 3.1PSY;protect capital first then make money secondalways manage ur risk vs reward be patient on ur setups advice; when the position is on profit trailing stops and scaling onto the trade while letting previous once risk free.

w; bearish trend line which got rejected from a very strong s/r daily; bearish, the price is being rejected from a s/r, zone which acts as a previous structure 4h; bearish and its ranging, still need it to break bellow the s/rthe structure and bellow 50/20ema'sthen I can go to the 1h to look for an engulfing candle breaking below the structure and the zone and below the 200/14/5 ema stops above the structure tp next structure sentimentally; 46% short which is good