erickwang18

1. Gold Still in a very bullish trend in Higher timeframe. 2. There's divergence sign, but we'll see potensial Short scenario once gold reach its weekly wick ATH 3. Bullish until proven otherwise 4. The last 2 4H candle is an engulfing candle combine with a classic retest on the last 4H candle 5. Ideally the candle will retest and Previous Day low Liquidity before deciding to go up or down 6. Where's gold move next? In 1.618 area 2430 area and its latest Weekly high. 7. Open Long trade with 1.5 RR.The trade did not trigger and im canceling it. Lets wait and see first

Referring to earlier prediction in my profile ( 2nd one) #not so sure why i cant attach link but check for yourself Now we can see a rejection in C area (15minute S/R Flip) followed by 4H bearish engulfing, Theres a chance that price will continoue lower to the last liquidity wick. Short become an option with stop lost above last 4H candle high and the TP can be adjust to 2-3RR.Running 110 Pips its already 1RR You can choose to TP and seal the profitSeems like the bull regain control, better TP slim profit / break even and look to for other trade opportunity

Based on : 1. Nearest swing high and low fibonacci 1.618 retracement area -> 2420 area will be a obstacle for gold to move further. 2. Divergence sign based on rising price and lower awesome osciliator on 4H, means price reversal will likely happen soon. 3. Looking up 1D,4H,15m the bullish candle is still very solid On The upside: 1. On 15m, price action likely continoue its run up to 2420 and thats leave us to trade long 2. Scalp 40-50 pips and get away with it (RR 1:2) On The downside: 1. Carefully assess gold price once it reach 2420 area, the divergence shown that gold will likely make a short term reversal, 2. You can Open Speculative trade directly or 2420 or better wait confirmation souch as dominance bearish candle (3 bearish candle engulfing 1 bullish candle) / 4H Bearish engulfing to open short trade. The goals is to capitalize swing low correction, price is likely to retest recent breakout area (2363 area). 3. Stronger trade would be if there is sign of Change of character followed by Break of structure , and price retest latest High -> ShortTP 300 Pips on the long side Strong Reaction on Fibonacci Area, Check 15M - 4H Change of Character for short opportunity, higher timeframe= validityBecareful not to instant sell since the bull is still very solid. Wait for confirmation for entry !The short area in B has been reach. Congrats to those whom take the short as well I will update next week as for we need to see some price action in B area before deciding next trading plan

Based on: 1. Gold has increase very aggresive from 2000-zone to 2340 zone 2. Gold is in price discovery mode , already gain new ATH, now looking to secure the real area before further correction 3. On Wave 5 gold show deceleration of its gain, there is a clear compression that can explode either upside / downside 4. Gold will soon reach its nearest fibonaci retracement area On the upside I predict that gold might try to secure a firmer high on fibonacci area that range from 2357-2363. The move will be a liquidity grab for early shorter before actually correction. Im looking to short in that area with Bearish Choch / 3 Dominance bearish candle to enter short. On the down side The compression pattern might be short term correction before xauusd find its firmer ATH on fibonacci areaThe idea held its ground, the entry on fibonacci retest area could result 240-260 pips in profit.