Summary
Gold capped at 4067-4071 again after a news spike; D1 still bearish
A news-driven M15 bar at 18:30 UTC (volume about 13x normal) spiked to 4067.7 and was sold back to 4024.6. Price now swings in a 4024-4071 range below the D1 Kijun 4101.8; sells near the top fit the D1 trend.
Key levels
- Resistance · Minor4,101.80
- Resistance · Minor4,083.00
- Resistance4,067.00 – 4,071.00
- Now4,050.30
- Support4,024.00 – 4,029.00
- Support · Minor4,006.00
- Support · Minor3,982.00
Timeframes
| Timeframe | Direction | Reading |
|---|---|---|
| D1 | Downtrend below the cloudBelow Tenkan 4083 and Kijun 4101.8, cloud 4320+; MACD -55.3 < signal -49.0; RSI18 40.4RSI(18) 40.4MACD -55.31 / -49.00Kijun 4101.79BB lower 3981.88 | Below Tenkan 4083 and Kijun 4101.8, cloud 4320+; MACD -55.3 < signal -49.0; RSI18 40.4RSI(18) 40.4MACD -55.31 / -49.00Kijun 4101.79BB lower 3981.88 |
| H4 | Range under the cloudAbove Kijun 4023.2, below cloud 4142; MACD -3.76 above signal -10.57; RSI18 49; BB upper 4071RSI(18) 49.0MACD -3.76 / -10.57Kijun 4023.17BB upper 4071.00 | Above Kijun 4023.2, below cloud 4142; MACD -3.76 above signal -10.57; RSI18 49; BB upper 4071RSI(18) 49.0MACD -3.76 / -10.57Kijun 4023.17BB upper 4071.00 |
| H1 | Back at Tenkan/KijunAt Tenkan 4046.1 / Kijun 4047.7, above cloud 4006-4035; MACD 1.50 < signal 3.12; RSI18 54.8RSI(18) 54.8MACD 1.50 / 3.12BB 4028.66 - 4060.71 | At Tenkan 4046.1 / Kijun 4047.7, above cloud 4006-4035; MACD 1.50 < signal 3.12; RSI18 54.8RSI(18) 54.8MACD 1.50 / 3.12BB 4028.66 - 4060.71 |
| M15 | Whipsaw after the spikeSpike 4067.7, low 4024.6; price at BB upper 4051.1 inside cloud 4043-4050; RSI18 53.8RSI(18) 53.8MACD -0.96 / -1.98BB upper 4051.09 | Spike 4067.7, low 4024.6; price at BB upper 4051.1 inside cloud 4043-4050; RSI18 53.8RSI(18) 53.8MACD -0.96 / -1.98BB upper 4051.09 |
Trade plan
- SellPrimarySell a third test of 4064-4070
Trigger: Price returns to 4064-4070 and an M15/H1 candle closes back below 4064
- Entry
- 4,064.00 – 4,070.00
- Stop loss
- 4,086.00
- Target 1
- 4,030.00
- Target 2
- 4,008.00
Invalidation: H1 close above 4083 (D1 Tenkan) cancels the sell
- SellBreakoutSell the break below 4024
Trigger: H1 closes below 4024 (today's low and H4 Kijun 4023), then a pullback to 4016-4021 holds
- Entry
- 4,016.00 – 4,021.00
- Stop loss
- 4,038.00
- Target 1
- 3,990.00
- Target 2
- 3,982.00
Invalidation: H1 close back above 4038 cancels the breakout sell
Watch out
- News-driven volatility: the 18:30 UTC M15 bar ranged 43 points; spreads and slippage can be wide
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