cpointfx

looking at selling opportunities at the moment which will be accelerated by the increase in DXY value to the HTF swing low area marked on the chart.

Every retail trader has this setup ready, will it be a profitable one or not? Given that the DXY drops from the current daily supply area price has a high propability to make a rally in GOLD target the HTF swing high.

High risk sell trade set up as the DXY is rallying we want to see Gold dropping hard.

We are tested the retail methods if they really do work as this is a perfect text book set up to the downside. we have price breaking several structural levels which signal the bearish pressure within the market. We now wait for price to retest the recently broken level which will be used are our entry zone targeting the lows.

Taking a quick sclap of price dropping targeting the recent swing low as marked above.

GOLD 4HR We are within the daily supply zone which confluence with the inner 4hr/1hr supply zone and a key level LTF swing low at 2 459.28 which will be our confirmation area for selling opportunities targeting the HFT swing low at 2 364.86. The setup will be invalidated when price close above the all-time high at 2 483

Gold 4HR chart Price is in a uptrend with the following key price areas to look at swing high at 2 483 a break and close above this area will invalidate our HTF sell trades and swing low at 2 297 a break below this low will validate our HTF sell trades and must retail traders will join in the ride as it is a key support area they are looking at to take buys, this will cause price to accelerate to the downside aggressively. We do have inner price structures we need to keep an eye on the recently formed swing low at 2 364 which has been test on two counts now making it technical level where retail are looking to take trades at. Our main focus is at the supply zone at 2 451 to cause price to drop targeting the HTF swing low at 2 297. This trade will be invalid should price break and close above this zone and price fails to return to this zone within 30 days.

This is a early buy set up targeting the supply identified on the cahrt. we are trading against the late trend traders who are taking selling trades just after price broke above the swing high of the 1HR which is a signal that buying pressure is kicking the market and looking at the drop in the DXY from the current price as metioned in one of the ideas a few days ago that we are looking for a drop in DXY which will accelerate the rally of Gold in return.