GOLD: First green day, end of the month

Zaktualizowano
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“Trade setups, not movements”

1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
  • Monday DAY 1 Opening Range
  • Tuesday DAY 2 Initial Balance
  • Wednesday DAY 3 (reset DAY 1) Mid Point Week
  • Thursday DAY 2
  • Friday DAY 3 Closing Range ✅ no cycle started yet


2. SIGNAL DAY
  • First Red Day
  • First Green Day ✅
  • 3 Days Long Breakout
  • 3 Days Short Breakout
  • Inside Day


3. WEEKLY TEMPLATE
  • Pump&Dump
  • Dump&Pump ✅
  • Frontside ✅
  • Backside


4. THESIS:
  • Long: primary, after the market closed as first green day, it went in consolidation, this let me think about a potential major move happening today, remembering that is also end of the month. Short traders in profit since Tuesday, a long setup back to the HOW is my best scenario of the day.
  • Short: secondary, lower low into the LOW, market pumped back up before starting a consolidation. I do not exclude a potential pump and dump scenario, going back down into the current LOW.


Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni

Uwaga
Beginning of the session I will update the Daily overview, however, not trade will be taken before 8:30am NY time, thank you traders!
Uwaga
Daily Overview
snapshot

Price action still inside and choppy, currently I'm not interested
Uwaga
snapshot

My fault, I did not see the template of dump and pump on gold.. it was an amazing
opportunity of long setup after major red news 8:30am
Once again... regardless your method, thoughts and whatever.. everything is either a pump and dump, or dump and pump
Uwaga
I did not take any trade on gold, let's be honest, I will potentially be waiting for a pullback at 9:30am, let's keep watching
Uwaga
snapshot
It's the only scenario that can be interesting on GOLD at the moment :) keep watching
Uwaga
snapshot

No setup of continuation available at 9:30am/10am NYT. Nothing else interesting for today!
Beyond Technical AnalysisChart PatternsdumpandpumpfirstgreendaygiannipichicheroGoldpumpandumpstaceyburketradingTrend AnalysisXAUUSD

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