XAUUSD. Weekly trading levels 6 - 10.05.2024

Gold in a narrow range. We are waiting for a shot from the current zones to the next ones. A good wide trade could work out.

During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post.

The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)

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Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern.


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Transaction en cours:

Start of the week. Shall we make this scenario?

Transaction en cours:

The plan failed, they went straight to the upper zone and buried themselves in it. I would like to see the run down.

Transaction en cours:

so far everything is according to plan

Transaction en cours:

Good!!

Transaction en cours:

excellent response from the lower limit. Gold seems to remain flat for now

Transaction en cours:

Yesterday we fought for the lower limit all day.)

Transaction en cours:

No comment)

Trade fermée manuellement:

The gold was running away too interestingly. It's even scary what will happen next week) The continuation next week will be a new post, we will continue the experiment.