{quote} UPDATE | XAUUSD Trade Idea 07-2025 triggered SELL trade {image} {image}
So daily candle is just about as good as closed, so going to do a breakdown of what I see now
Daily TF:
Closed into a daily range, last thursday we rejected this zone but today it seems there was not enough of a demand for rejection, which means the range is between 2747 and 2720, anticipating 2720 to be touched before a move back up at this point. No evidence of support at this current 2730-2745 level to use that as a reference.
Zone is supported by previous price action in Oct, and then rejections in Nov and Dec respectively.
Similar story on the 4h, quite a large range given the volatility in this area so slightly narrow range but all the same. Refer to the second picture - Price is currently rejecting this key area which is the last 4h support, looks like its now becoming a resistance. I expect asia session will be a continuation down to at least 2725 
Daily TF:
Closed into a daily range, last thursday we rejected this zone but today it seems there was not enough of a demand for rejection, which means the range is between 2747 and 2720, anticipating 2720 to be touched before a move back up at this point. No evidence of support at this current 2730-2745 level to use that as a reference.
Zone is supported by previous price action in Oct, and then rejections in Nov and Dec respectively.
Similar story on the 4h, quite a large range given the volatility in this area so slightly narrow range but all the same. Refer to the second picture - Price is currently rejecting this key area which is the last 4h support, looks like its now becoming a resistance. I expect asia session will be a continuation down to at least 2725
- #61,971
- Jan 27, 2025 8:14pm Jan 27, 2025 8:14pm
- Joined May 2021 | Status: Trader | 7,225 Posts
People don't plan to lose. They lose because they don't plan.
- #61,974
- Jan 27, 2025 10:12pm Jan 27, 2025 10:12pm
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,455 Posts
Another day, another chance for guaranteed buys Looks like the low for the week has been created, we are going up without a doubt today
2708 is the lowest best sl for buyers.
2720 seems good place that we can see some confirmation for buy
A little beginner trader since 2006
- #61,977
- Jan 27, 2025 11:33pm Jan 27, 2025 11:33pm
- Joined Jun 2011 | Status: Trader | 15,382 Posts | Online Now
Hi friends, I'm posting this to show how important levels are; ignore the numbers, it just show how much money there was to be earned. The small numbers is time on my clock.
Just an example of my morning trade: got in at 2740.86 and out at 2743.65; was greedy, should have got out at level 2744.65.
Note: I didn't show yesterday's pip numbers
Hope this helps. Also note that not all levels were drawn
Just an example of my morning trade: got in at 2740.86 and out at 2743.65; was greedy, should have got out at level 2744.65.
Note: I didn't show yesterday's pip numbers
Hope this helps. Also note that not all levels were drawn
- #61,978
- Jan 27, 2025 11:45pm Jan 27, 2025 11:45pm
- Joined Jun 2011 | Status: Trader | 15,382 Posts | Online Now
- #61,979
- Jan 28, 2025 12:15am Jan 28, 2025 12:15am
- Joined Jun 2011 | Status: Trader | 15,382 Posts | Online Now
Every time frame has it's own level:
As you can see, H1 may break higher through 2742.60
As you can see, H1 may break higher through 2742.60
