Gold and GJ analysis

Hello. This is my trading journal and analysis of GOLD and GJ.
day 1

GOLD DAILY

I expect price to go up to 1843-1840 area. I will be looking for buys along the way until up there. Then, depends on price action when we get there,i will see if i will be on buying or selling side.

Goodluck to you.

Gold buy

entry @1824.22

sl 1821.91

tp 1829.02

Thank you man!! i really appreciate that )

1.3 % prodits today. Gold buys closed as we closed NY session.

GJ analisys for tomorrow:

We are in strong bullish momentum,but i expect to see a small corection in price to take shorts. Will see how we will do in London session nad then based on price action make my decissions.

DAY 2

Gold consolidating in London session for now

If 4 hr candle close above 1827.38 i will be looking for buys.

Selling area below 1825.54

No trades for now.

Waiting..

Great week for gold buyers! As we expected we had strong bullish moves up to our zone of intrest.
Next week i expect to see price losing momentum and some nice bearish moves.

Friday.

I will not enter any trades today.

This week we had some great moves and my analasys was respected in most cases.

GJ overlook

We broke the daily high,broke above the resistance with volume but than we had strong rejection from 158.1 area.

Next week i expect corection of the bullish moves as we saw many times in the past.

New week in front of us!

Here is my outlook on gold for the week.

We are at the strong rejection-resistance zone,but we have strong bullish move at the end of the last week and this week we can see price g o even higher,broke the high all the way to 1888 area. I will be in buying mode unless we see price losing momentum ,in that case i will target 1842 area for bearish moves.

GJ analisys for the week:

Starting week with bearish premiss. I hope to see few strong bearish moves in week in front of us. Waiting for price to return in 4 hr supply zone, and depends of price action i will be looking for sells.

great analysis
nice clean and simple presentation without garbage on the chart
you are on the right track

with GOLD I agree down should be to 1847 where D1 indicate sell
pay attention to D1 1866 as resistance in case PA have a pullback from 1847

with JPY
pay attention to D1 & MN 156.982 - 157.230 as resistance / support where H4 buy should push PA

Gold respected my analysis. After we broke daily HH, price grabed liquidity to have strong bearish move. If we range during asian session and if i see price still loosing momentum and not gaining any strength to go up, i will still be looking for sells down to 1815 area. If we see that price is getting momentum i will be looking for buys above 1853 and 1859 area to fill that clean candle up to 1877 area.

Thank you very much Prozor7!! Im trying to keep it clean and not complicate things much as someone told me

GJ is in HUGE rejection area..MN havent been able to close above 156.500 for some time now and W1 is not able to close above 157.000..Because of that im still in selling mode..waiting either for pullback into 157.192-157.707 area for sells if PA is bearish,or if i see that price will get momentum to go up in this area i will even be looking for riskier buys to break W and MN resistance and finally go up. But i think that will only happen during high volume/news time because we have too much of rejections up there..

GOLD delivering nicely. we had strong push up during NY session. Impulsive entry taken @ 1859.78 with stops @ 1857.59. Targeting 1875.34 from where we had initial push down.

50% out @ 1867.00

Stop at BE,full TP at 1875.34

GJ:

still in selling mode. I expect to see up move into 4hr supply zone, and then if i see price loosing momentum,will looking for sells into target areas.

We have huge resistance in this area,so i want to see wick up in the london session and then bearish move.

Will see what i will do depends on PA in the London session. Buys still not so likely.

Full TP reached,closed all of my position.

Price respeced my analysis and my weekly bullish target is reached. As we can see,when the price(candels) on the left side are clear,there is no so many orders in the market,so price is having easier path to the target.

I expect that price will now slowly lose its momenzum before having strong moves in any direction.

Will wait for PA in pre NY/NY open to see what i will do.

GJ:

No trades on GJ. As we can see price is mostly ranging and its not able to pass 157.00 area. Still in selling mode,altough price reached my target 1 i did not entry. I will look for entries if we have slight move up first,possibly in 4 HR supply zone.

Also we can see rejections in 1 hr tf from 156.100 area... But if price go up i would expect it to be a huge move to break 157.000 area. For that we need volume..maybe will be some risky buys depends on PA. But for now still looking for sells.

Waiting..

GJ:

My prediction was right. We had wick up in the 4HR supply zone and rejection from there.

I enter a sell @ 157.000 with SL @157.300 (SL bigger than usual). I will trail it as price go lower. If i see price is getting BULLISH volume in NY session i will close some of my position. For now all of my position running in profit.

TP @ 156.177 50%

tp2 @158.789 full

TP2 158.789 typo???