AVCDTrader

AVCDTrader Updated 

EIGHTCAP:XAUUSD GOLD outlook for the coming week. After a massive $82 drop from Friday, we are expecting to see a retracement towards the upside. Why? We need a narrative evidence for the market to go lower, and that will be either the 4H FVG, or the Daily Bearish OB. I will update a lower timeframe analysis for the context.

AVCDTrader Updated 

PEPPERSTONE:XAUUSD In the daily timeframe, market took out BSL and failed to body close above. Moving into the 4H timeframe, to support the idea of a failure to break higher, we can see that market closed as a Doji(market indecision) . Dropping into the 5M timeframe, we can see 1. Sharp Turn(ST) strategy 2. Bullish rejection candle(respected) 3. FVG...

AVCDTrader Updated 

PEPPERSTONE:XAUUSD Looking for opportunity for retracement trade. Gold has fulfill major key areas. Waiting for confirmation before long.

AVCDTrader

PEPPERSTONE:XAUUSD Gold remains to be bullish for weeks. However, momentum and volume seems to be lacking. On the 4H time-frame, heavy wicks above and 50% Fibonacci rejection would be an indication of market exhaustion. In the 1H time-frame, this 1 probable setup I am looking at. Please do exercise your own judgement as this is not an financial advise. Good luck traders!

AVCDTrader Updated 

PEPPERSTONE:XAUUSD Bearish volume seems to have entered the market. However, I would still stay that market is just having some minor correction to fill some inefficiencies beneath. I have 2 possible setup for the remaining week to come. Riding on the bearish momentum downwards, I would like to see the market fill the 'Gap' beneath, and straight into my buy zone...

AVCDTrader Updated 

PEPPERSTONE:XAUUSD From the HTF chart, there is multiple imbalances created and left behind the market. In order for market to be efficient, a retracement is bound to happen. Also, from the HTF analysis, market has fulfilled the 1.618 Fibonacci extension level. To top things off, 4H chart has shown a bearish divergent. However, as of now, market still remains to...

AVCDTrader Updated 

PEPPERSTONE:XAUUSD After creating another ATH, market is expected to go through another exhaustion phase. As depicted in the chart, market shown multiple signs of rejection at the 1.618 Fib Extension level. Down to the 15 minutes chart, market formed a H&S pattern as well. For confirmation, we can wait for the neckline to be broken before we can confirm a...

AVCDTrader Updated 

PEPPERSTONE:XAUUSD GOLD had been bullish for multiple weeks for now. Today, London had some correction moving into the news tonight. 1H chart has also created a bullish divergence. I would like to see a bounce off back towards the buy side.