GOLD NEXT MOVE (waiting for NFP report) (02-08-2024)

2 באוג׳

Go through the analysis carefully, and do trade accordingly.

Anup 'BIAS for the day (02-08-2024)
Current price- 2461
"if Price stays below 2478, then next target is 2451 and 2440 and above that 2484 .

-POSSIBILITY-1
Wait (as geopolitical situation are worsening )

-POSSIBILITY-2
Wait (as geopolitical situation are worsening)



Best of luck
Never risk more than 1% of principal to follow any position.
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2 באוג׳

עסקה פעילה

suggested selling area activates as displayed in the chart (2475-2480)
now selling is running +200 PIPS PROFIT,
CLOSE IT

2 באוג׳

עסקה פעילה

now selling is running +570 PIPS PROFIT,

2 באוג׳

הערה

GOLD SELLING IS RUNNING +660 PIPS IN PROFIT (2477-2411)
CLOSE MAXIMUM

4 באוג׳

הערה

Thoughts on Gold:
Yes,
As Friday prices cleaned the liquidity up to 2412, Now it the time for gold to break ATH and set new ATH.
detailed thoughts will be published soon

5 באוג׳

עסקה פעילה

after cleaning liquidity near up to 2412, today gold retested it.
Now it is recommended to trade buy side from the decent support zone

5 באוג׳

עסקה פעילה

As per Eliot wave
gold finished its third corrective wave (i.e. C wave)(setting a low 2353)
immediate after that,
Gold again started taking bullish move and it completes,
1st move to the upside (i.e. 1 wave) (from 2353 to 2403)
2nd move to the down side (i.e. 2 wave)(from 2403 to 2370)
3rd move to the upside (i.e. 3 wave)(from 2370 to 2477)
4th move to the downside (i.e. 4 wave)(from 2477 to 2411)
Now Gold is forming its 5th impulsive wave (i.e. 5 wave )(from 2411........)
we can see gold my definitely break the ATH while moving in this wave.
Gold Bulls are ready to break the ATH and set a new ATH near about 2490-2510.
only after that we may see a decent correction.

thank you
Anup

5 באוג׳

עסקה פעילה

GOLD SELLING IS RUNNING +930 PIPS IN PROFIT (2477-2384)
Close you full trade now

6 באוג׳

עסקה פעילה

gold sell is running +1110 PIPS IN PROFIT
WE HAVE CLOSED FULL SELL POSITION

6 באוג׳

הערה

until the price is above 2380,
we will consider the trend as a Bullish trend,
the main hurdle is to cross 2420 area, once the prices crosses this area 2417-2420 area,
then we will see bulls attempting to break all time high.
thank you

7 באוג׳

הערה

IMMEDIATE RESISTANCE NOW 2398-2401
IMMEDIATE SUPOPRT NOW 2386-2388

WATCH CAREFULLY FOR THE BREAK-OUT AND PLAN YOUR TRADE ACCORDINGLY

8 באוג׳

עסקה פעילה

Now the price is moving around 2430 area,
This full zone (2430-2438) will act as strong resistance.

If bulls manage to close above this area at least (4H, 1H time frame),
They we see bulls's ride again

13 באוג׳

עסקה סגורה: היעד הושג

TRADE ALREADY CLOSED +1110 PIPS IN PROFIT