Good Morning folks - I quickly just wish to discuss what I think I am seeing on gold on the 1 minute timeframe
So we know that in the last day or so we had a really aggressive run up (bull move) on gold
This means that there will be buyers getting in rather late in hopes that they can still catch the move
Highlighted in blue we have what appears (to me) to be a break and retest situation which in and of itself is a buyer induction
AND
Highlighted in purple we have multiple areas in which buyers would have been induced to buy at what would look like "a support" (purple zone)
Below this purple zone is a gigantic pink zone where I believe a lot of stop losses would be
In order for gold to continue to buy I believe the dealer would need to destroy these buyers first
1. To make sure they don't win alongside him
AND
2. To grab that extra liquidity needed to be driven even further up
What do you think ?
Downvote\Don't boost if you didn't read this entire post and didn't try to understand
OR
Upvote\Boost if you did read this entire post and did try to understand
See you in a few for an update
s3.tradingview.com/s...shots/o/oYjf8dpC.png
Update - Personally I'd like if the move is quick and sharp like this (purple line) in order for me to begin trusting buys again
I am seeing traders right in these very minds who are buying at this point which suggests to me that my analysis that I did earlier (www.tradingview.com/chart/?mind=Z7QPh... has some merit and value
I am continuously asking why would the dealer give me such a good opportunity to buy here now after having such a big run up (bull move) yesterday - It doesn't make sense to me
I believe the market is consolidating here above this "support" for a reason - it's a trap
What do you think?
s3.tradingview.com/s...shots/a/asdYSpFh.png
There are red folder news events in 7 minutes - So far so good with the last part of my analysis
The dealer is actively targeting that purple zone - Let's watch and see what happens
Who has popcorn 👀
s3.tradingview.com/s...shots/9/9ztff3kd.png
Possibility of another whipsaw present as the dealer is actively inducing both buyers and sellers on the 1 minute timeframe
Sellers being induced off the high and buyers being induced off the purple zone.
EVEN THOUGH price hasn't reached the purple zone yet - we know traders battle with FOMO everyday
I am sure some of you reading this are already in buy position lol
s3.tradingview.com/s...shots/w/ww3Bb9R5.png
Reminder of my analysis
s3.tradingview.com/s...shots/z/zH5ocMQv.png
Giving the buy a chance here
s3.tradingview.com/s...shots/p/pFSDcLFM.png
Probably going to be my last trade for the week - if I lose I would have lost 2 in a row and that is enough for me
Stop loss to break even (red dashed line) for safety
God speed to all sellers who thought it was sells - and all buyers who bought early
Analysis played out pretty much perfectly (www.tradingview.com/chart/?mind=FFjlM...
Will check in for an update in a few - leaving it to run
Maybe it comes back and stops me out or maybe it just goes further, who knows?
s3.tradingview.com/s...shots/x/xEYnIUug.png
So we know that in the last day or so we had a really aggressive run up (bull move) on gold
This means that there will be buyers getting in rather late in hopes that they can still catch the move
Highlighted in blue we have what appears (to me) to be a break and retest situation which in and of itself is a buyer induction
AND
Highlighted in purple we have multiple areas in which buyers would have been induced to buy at what would look like "a support" (purple zone)
Below this purple zone is a gigantic pink zone where I believe a lot of stop losses would be
In order for gold to continue to buy I believe the dealer would need to destroy these buyers first
1. To make sure they don't win alongside him
AND
2. To grab that extra liquidity needed to be driven even further up
What do you think ?
Downvote\Don't boost if you didn't read this entire post and didn't try to understand
OR
Upvote\Boost if you did read this entire post and did try to understand
See you in a few for an update
s3.tradingview.com/s...shots/o/oYjf8dpC.png
Update - Personally I'd like if the move is quick and sharp like this (purple line) in order for me to begin trusting buys again
I am seeing traders right in these very minds who are buying at this point which suggests to me that my analysis that I did earlier (www.tradingview.com/chart/?mind=Z7QPh... has some merit and value
I am continuously asking why would the dealer give me such a good opportunity to buy here now after having such a big run up (bull move) yesterday - It doesn't make sense to me
I believe the market is consolidating here above this "support" for a reason - it's a trap
What do you think?
s3.tradingview.com/s...shots/a/asdYSpFh.png
There are red folder news events in 7 minutes - So far so good with the last part of my analysis
The dealer is actively targeting that purple zone - Let's watch and see what happens
Who has popcorn 👀
s3.tradingview.com/s...shots/9/9ztff3kd.png
Possibility of another whipsaw present as the dealer is actively inducing both buyers and sellers on the 1 minute timeframe
Sellers being induced off the high and buyers being induced off the purple zone.
EVEN THOUGH price hasn't reached the purple zone yet - we know traders battle with FOMO everyday
I am sure some of you reading this are already in buy position lol
s3.tradingview.com/s...shots/w/ww3Bb9R5.png
Reminder of my analysis
s3.tradingview.com/s...shots/z/zH5ocMQv.png
Giving the buy a chance here
s3.tradingview.com/s...shots/p/pFSDcLFM.png
Probably going to be my last trade for the week - if I lose I would have lost 2 in a row and that is enough for me
Stop loss to break even (red dashed line) for safety
God speed to all sellers who thought it was sells - and all buyers who bought early
Analysis played out pretty much perfectly (www.tradingview.com/chart/?mind=FFjlM...
Will check in for an update in a few - leaving it to run
Maybe it comes back and stops me out or maybe it just goes further, who knows?
s3.tradingview.com/s...shots/x/xEYnIUug.png
