KaanErdinc

Here is my expectation for the GOLD to move long in the following days. Keep track of the break out for the triangle formation and then enter the trade with considering the risk and watch the trade to play out perfectly. Always manage your risk and aim to protect your initial invested funds then targeting the profits.

Here is the gold short trade idea. It confirmed the resistance level. Now we need a bottom wick towards the profit target. Let's see if the trade can play out.

The Price of gold has been rallying for the last two months. In this case, you can now start to manage some risk. The reason is, there is no bottom wick on the weekly candle. Also, the price has now reached to AB=CD formation on the monthly time frame. There is high probability of a fake-out towards higher levels depending on the hype and demand on the market in the following weeks. But, you should manage your risk if your are holding long positions in GOLD for possible retracement towards 2214 levels.

The price of GOLD is ranging between 2154 and 2183. There is a falg formation being formed in the 4H time frame. Generally, it means that the price can move higher if it can break that falg pattern out. However, it is very crucial to watch the support and resistance levels at 2154 and 2183. There are quick scalp opoortunities appearing in smaller time frames but the price is most probably waiting for the FED's interest rate decision. Let's watch the market and hopefully be part of the big moves this week. Stay following me for profitable opportunities.

This iis my idea about gold to be play out in the Asian session. The 1H candle closed respecting the support and the new candle opened without a top wick filling the wick. I expect it to go higher towards the TP.

I have shorts from 2185 and now I am adding some more since we are breaking the support level. The target is around 2125. Let's see if we can tap there soon.

As I mentioned before, after filling the wick of the weekly candle, now the gold flips to make a retracement towards the 2125 levels. This week, the price should show some retracement before continuing to push up in the rest of the month. I don't expect it to flip bearish directly. I want to see the price to reach 2220 levels before flipping bearish. Let's see happens. I am in the shorts from 2185 level. I will be holding it until 2125 levels are tapped.

The price of gold should make a top wick towards the 2185 levels before moving down. Here is my quick scalp trade for the gold. After seeing 400 pips of profit move SL to break-even and close half of the trade. Let the rest run towards the TP.

The resistance level is now confirmed. After the retest towards that area, I will be entering a short position after seeing the top wick being formed at either 15m or 30 min time frame.

In the next week, I expect the price to reach to the resistance level formed at 2180. If the price can respect to the resistance level at 1H or 4H time frame after tapping 2085 level, I will be looking for shorts for a possible retracement towards the 2150-2155 levels.