XAUUSD; Multi Time Frame Price Action Analysis

٢٠ فبراير ٢٠٢٤

Hey Traders,

Lots of market speculators are assessing Gold as an asset to put in their portfolio, especially as it rebounds off from key Moving Averages and price points below.

After rampant moves and lots of momentum to the upside, you will often find yourself at key price action levels that will offer a new downside case for the next market move in a swing format.

These areas determine the entries and exits of the mass money market, and planning them within trends across all Timeframes is essential. It is important to note they are note exacts points, but rather areas of price.

Here's how to understand them and use them in your trading for better entries and exits.

٢٠ فبراير ٢٠٢٤

ملاحظة

Any shorts, only light.

٢١ فبراير ٢٠٢٤

ملاحظة

FOMC to come later. Remember, there are two short setups that exist. First now, second later. Proportionate risk accordingly.

٢١ فبراير ٢٠٢٤

ملاحظة

Fed sentiment feeding in with no real effect just yet, maintaining short bias nonetheless.

٢٢ فبراير ٢٠٢٤

ملاحظة

Level decay occuring. Reposition shorts higher and take former ones off the market.

٢٣ فبراير ٢٠٢٤

ملاحظة

Any shorts, lock in minor gains. Looking for shorts still much higher as no real short impetus currently.

٢٣ فبراير ٢٠٢٤

ملاحظة

Still awaiting higher levels as shown. Early exit gains should be banked. Do not rush in.

٢٦ فبراير ٢٠٢٤

ملاحظة

And again, into this week, not too many news events but still willing to wait for impetus to inflow.

٢٧ فبراير ٢٠٢٤

ملاحظة

Gold momentum persisting to our preferred levels (this is why we took early short gains and how we read price action in a reliable manner).

٢٧ فبراير ٢٠٢٤

ملاحظة

Short entries ok to take, ideal to be a little lighter due to 10$ early entry.

٢٧ فبراير ٢٠٢٤

ملاحظة

Lock in any gains.

٢٨ فبراير ٢٠٢٤

ملاحظة

Awaiting US GDP. Re shorts higher (if we can get nearer 2050)

٢٨ فبراير ٢٠٢٤

ملاحظة

Re short bias (potential front runner)

٢٩ فبراير ٢٠٢٤

ملاحظة

Front runner entries fine to take. Further Re shorts after this momentum higher 2040-2050.

٢٩ فبراير ٢٠٢٤

ملاحظة

Re shorts ideal.

١ مارس ٢٠٢٤

ملاحظة

No re shorts until most recent ATH areas.

١ مارس ٢٠٢٤

ملاحظة

Going into weekend looking longer term downtrend. Greed in market persists across the board. Real change in news required but does not exist as of yet, maintaining short bias still. Do not get greedy and take enormous short entries.

٤ مارس ٢٠٢٤

ملاحظة

'No mans land' approaches. Any shorts, make them tiny, space them out considerably wide due to harsh sentiment inflows.

٤ مارس ٢٠٢٤

ملاحظة

No new shorts until circa prev high 2130+

٥ مارس ٢٠٢٤

ملاحظة

Very light minimal entries are OK on stall.

٦ مارس ٢٠٢٤

ملاحظة

Brace For ADP.

٨ مارس ٢٠٢٤

ملاحظة

No new shorts until 2220+

١١ مارس ٢٠٢٤

ملاحظة

Holding entries with same approach. Any more risk sentiment likely to push against shorts, that is why.

١١ مارس ٢٠٢٤

ملاحظة

Brace for CPI US tomorrow.

١٢ مارس ٢٠٢٤

ملاحظة

CPI data to come later. If you have not set any trail stops, I would, or atleast close all gains. This is to prepare for any potential swing.

١٢ مارس ٢٠٢٤

ملاحظة

Re shorts only on re pushes back to resistance (use lower timeframes to study newfound downtrend and S/R)