Simplified Gold April Analysis and Setups
Looking on the Monthly Cycle, Gold is Bullish, next target is 2474.00...but before it reaches 2474.00 there will be bull and bear cycles completed on the weekly and daily Market maker template.
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The last Pattern Chart I made was too crowded, this one is more simplified, best two setups to look for everyday. The Sell Patterns are the inverse of the Buy patterns.
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We are now at level 3 of the Weekly Cycle, we can either expect a reset and price continues it's journey to the next weekly target at 2300.00 or a reversal/ Liquidity hunt to 2193.00. Will Look for Entry Pattern Confirmation on the Daily Cycle to determine what directions they will be taking the market and trade alongside the market makers.
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If price closes below 2240 at the end of the day, then I will look for sell entries tomorrow to potentially 2193 this week...If it closes above 2240 at the end of the day, then I will look for buy entries tomorrow to potentially 2300 this week.
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Potential Drop to 2281, then if it breaks there then next target 2240.
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2281 Target hit, now they appear to be trapping sellers going into nfp...next target is 2299..if day closes above 2299 it is likely we will see gold go on another bull run for 3 more levels up...If the day closes below, it's likely we will see price go back to 2281 then 2251 to 2240.
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did not give the Pattern B (W) to take buy off 2291, but what they showed me was a Pattern B(M) on 2291, then proceeded to take out yesterday's LOD, indicating it is likely they will continue dropping the market going into next week...This is the setup I am looking to see for sells today or a possible retest of 2291.
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Tricky day, but it is nfp, they are giving signs they have enough contracts to move the market higher..may not get level 3 to the downside...now it seems they are either going to Liquidity hunt at 2299 then reverse or all the bear movements yesterday was the Liquidity hunt to drive the market to the moon today
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.