GOLD SET UP - 30M CHART - MULTIPLE STRATEGIES

Hey Traders, for now I'm looking at how the Gold price can potentially move in the short-term(1-2 days). We can see price pushed higher Tuesday 29th Aug. at 13:00(NY Open) from $1914 to $1949(30th Aug./15:00). For the rest of that week Gold went into consolidation mode(i.e. "big boys" taking our money:). A higher high($1953) made on Friday 1st Sept. was short-lived as price plummeted. What happened? Liquidity swept on both sides.
Trade the extremes and stay out of trouble.
THIS SET UP
Price is boxed in between $1953.35/$1934.65
Liquidity below and Supply above.
BUYS: Wait for LS below and bullish conformation(06:00/08:00) targeting higher Supply area($1946/$1950).
SELLS: From Supply area targeting lower Demand at $1914/$1917.
SELLS: Break and retest of lower boxed price/liquidity area targeting $1914/$1917.
POTENTIAL BUYS: Demand $1914/$1917.
There are multiple strategies here for a trade and different things play out depending on the TIMING.
WATCH, 07:00/08:00, 12:00/13:00, 15:00.
Will be publishing a higher time frame perspective as well.
Any thoughts welcome.
DIONNG

コメント:

Hey Traders, here's a simple way to look at this. Price is boxed in between $1953.35/$1934.65. Currently, price is somewhere in the middle of this range. These are the possibilities.
1. Price hits Supply/Resistance area and sells off to low of boxed area.
2. Price breaks out higher and heads to the $1970 Supply above
3. Price breaks out lower and heads to the $1915 Demand below
4. Liquidity sweep below the low of the boxed area($3-$5) and test of highs again.
Be fluent, like water, adapt, survive, thrive.
DIONNG

コメント:

コメント:

Hey Traders, BOS, BREAKOUT suggests we are heading to lower DEMAND($1915). However, the market may have other ideas before heading there. Multiple plays here.
DIONNG

コメント:

Traders, Gold has retreated to the lower Demand area($1915/$1917). Support is at $1903.65. If price breaks below boxed area, we could be testing the lower support area. Watch for a COS/COT for BUYS as we are in selling mode. Price is boxed in between $1914/$1922. Trade accordingly.
DIONNG

コメント:

Traders, Gold looking bearish. Head and Shoulder pattern. Support broken. Looking for sells. Caution with buys.
DIONNG

コメント:

Traders, Gold is looking bearish. It looks like heading into the $1885 price range. We are pre-London open at the moment. We may get a sweep of liquidity both sides before selling off. Caution with buys as we are still down trending.

コメント:

Traders, since this publication Gold has been selling off. There was a bounce off the lower DEMAND level(1905-1912)) with price sitting at 1910. BUY opportunities up to 1930(Resistance) as GOLD looks bearish - CAUTION WITH THE BUYS. 1885 looks achievable.
DIONNG