Setawudh

Overview: Gold prices are currently navigating within a consideration area, prompting a closer examination of market dynamics. Bias and Short-Term Trend: The personal bias suggests a continuation of the short-term downtrend, primarily observed through the current price movement. Factors Influencing Bias: The analysis indicates that the primary factor capable of driving prices upward is economic news. Additionally, the market has faced challenges in breaking through the main resistance level. Reference to MA (Moving Averages): Referencing the moving averages (MA), the analysis supports the view that the overall trend may favor the downside. Conclusion: Given the movement within the consideration area and the observed resistance challenges, the bias leans towards a short-term downtrend. Economic news remains a critical factor influencing potential price movements, and the analysis underscores the importance of monitoring the market for any shifts in trend dynamics.

Overview: Gold prices are currently following a short-term downtrend, indicating a potential selling opportunity. Strategy: The focus is on seeking selling opportunities within the H1-15M timeframe zones. A strategic approach involves waiting for confirmation on the 15M-1M timeframes. Considering the market conditions, it is recommended to implement a scalping strategy for engaging acceptable positions with a favorable risk-reward ratio and effective risk management. Conclusion: In line with the short-term downtrend, traders are encouraged to explore selling opportunities in the specified timeframes. The application of a scalping strategy allows for efficient position engagement, ensuring a balanced risk-reward ratio and effective risk management.

Overview: Gold has broken out of the considering box and resistance at 2032, reaching a significant resistance level before retracing to the previous level. Current Price Movement: The price is now trading above the MA 200 on the H1 chart, suggesting a potential shift in market dynamics. Strategy: Considering the breakout and upward movement above MA 200, there is a shift in focus towards a buying position. The aim is to enter before any potential subsequent downward movement. Caution: While considering a buying position, it's essential to remain cautious and monitor the market for any signs of potential reversals or new resistance levels. Conclusion: The analysis points towards a potential buying opportunity following the breakout and movement above MA 200. However, staying vigilant for market dynamics and potential resistance levels is crucial for making informed trading decisions.

Overview: As of January 25, 2024, Gold maintains its position below the 200MA on the H1 timeframe and has recently broken the previous swing low. This suggests a continued short-term downtrend, aligning with the perspective from the last analysis. Trade Engagement: Following the analysis, two trades were initiated at 2035 on January 19, 2024, and additional trades at 2032 on January 24, 2024. With confirmation from lower timeframes, half of the positions have been closed, and stop-loss (SL) has been moved to break even for risk mitigation. Future Strategy: The plan is to actively seek more sell positions in the short term. The sell target is currently set at 1996. While pursuing additional selling opportunities, the strategy emphasizes securing profits by taking partial gains and ensuring a risk-free position by moving the SL to break even. Conclusion: The analysis reinforces the short-term downtrend, with trade actions aligned accordingly. Active monitoring for more selling opportunities is ongoing, while securing profits and mitigating risk through strategic SL adjustments remain integral to the trading plan.

Overview: Building on the previous analysis, Gold remains below the 200MA H1, affirming the short-term downtrend. A notable development occurred on Jan 19, 2024, at 20:30, with an M15 candle closing in an engulfing pattern, confirming our selling strategy. Execution: The order was initiated within the selling area based on the engulfing confirmation. Monitor the trade closely for hitting the target and stay alert for potential bullish signals. Adjustments: Consider moving the stop-loss to breakeven when bullish signs emerge, safeguarding gains while remaining adaptive to market shifts. Conclusion: Stay tuned to the plan, monitoring the trade's progress and watching for any configurations suggesting a potential bullish trend. This concise approach ensures a well-managed and responsive trading strategy.

Overview: Gold's continued position below MA200 H1 suggests a short-term downtrend, creating a potential selling opportunity. Setup: Look for confirmation signals in Overbought (OB) and Failure to Violate Gravity (FVG) zones for entry. Apply a stick stop-loss above $2047/oz initially, adjusting it to above $2032 if OB zone confirmation suggests non-liquidity. Additional Sell Area: Consider a sell position in the range of 2023-2032, integrating this zone as an additional opportunity to capitalize on the downtrend. Risk Management: Implement strategic risk management with a stick stop-loss to control potential losses. Adjustments based on OB zone confirmation contribute to a well-managed trade. Conclusion: Explore a sell position in Gold, focusing on confirmation in OB and FVG zones, along with the identified sell area of 2023-2032. Effective risk management ensures a balanced approach to trading.

Overview: Gold remains below MA200 H1, indicating a short-term downtrend and presenting a potential selling opportunity. Setup: Look for confirmation signals in Overbought (OB) and Failure to Violate Gravity (FVG) zones before considering entry. Apply a stick stop-loss above $2047/oz initially, adjusting it to above $2032 if OB zone confirmation suggests non-liquidity. Risk Management: Utilize strategic risk management with a stick stop-loss to control potential losses. Adjustments based on OB zone confirmation contribute to a well-managed trade. Conclusion: Consider a sell position in Gold, focusing on confirmation in OB and FVG zones, while implementing effective risk management for a balanced trading approach.

Overview: Gold has recently broken below the MA200 on the 1-hour chart, signaling a potential selling opportunity. Traders are advised to exercise caution and wait for confirmation signals within specific zones before entering the market. Entry Strategy: Implement a patient entry strategy, focusing on confirmation signals within identified zones to optimize sell positions. Avoid impulsive decisions and prioritize a disciplined approach. Risk Management: Set a protective stop-loss above $2047/oz to manage potential losses. Strict adherence to risk management principles is crucial for maintaining a balanced and sustainable trading approach. Conclusion: The MA200 H1 break presents a promising sell setup in the gold market. Patience, confirmation signals, and effective risk management are key to maximizing trade success.