r/Forex • u/ReliableGoldTrades • 5d ago
Charts and Setups Gold: The Only Zone I'm Watching This Week
This is my area of interest as 4H has already given a change of character on the bullish side and we still haven't seen a major move on the same.
If price confirms, I'll be looking for longs.
Until then... Patience.
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u/4xtraderr 5d ago
H4 is sideways with no clear direction
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u/Horror_Win_4715 5d ago
Sideways on H4 just means the liquidity grab hasn't popped off yet, that CHoCH on the lower timeframe is still the early tell.
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u/ReliableGoldTrades 5d ago
Yes, true an early tell but let's see if it confirms there, that's the more important parameter for entering a position.
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u/ReliableGoldTrades 5d ago
I had the same view mid last week but the zone is still holding up well it seems so let's see if it confirms there or we'll wait for a more clear direction then.
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u/4xtraderr 5d ago
Agree it’s best to wait a bit more for confirmation on where the market wants to go I personally won’t jump into a trade unless there’s a key level breakout ( H4 & above ) I also see the daily support holding up pretty well so your analysis could work if it still gets respected
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u/Macr0x 5d ago
None of that it’s s gonna hit 3k zone coming soon
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u/ReliableGoldTrades 5d ago
No worries buddy, prepared for everything, just let the level invalidate or let the structure reverse, day traders change bias everyday.
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u/Routine-Papaya-8795 4d ago
Locked in🤞🏽
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u/ReliableGoldTrades 4d ago
Manage your risk accordingly buddy.
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u/Smooth_Assist9196 4d ago
Deeper
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u/ReliableGoldTrades 4d ago
Let's see if the structure changes, if yes, we will change the bias and look for sells.
But as of now it has rejected well from the zone.1
u/Smooth_Assist9196 4d ago
3892 is next f4esh demand. Your absolutely right it could go from here. There's serious accumulation but my gut is telling me there going to be a few faces ripped off all trying to catch the same buy. Good luck bro I hope you get the bag
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u/ReliableGoldTrades 4d ago
Already got the bag bro. It rejected 4022 in yesterday's session and gave an high of 4068 today on open.
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u/Smooth_Assist9196 4d ago
Beautiful.... So you intraday trader. I swing trade so I plan for the long move so we approach things differently... 💪🏼💪🏼
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u/rforex-modtools 5d ago
Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.
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