XAUUSD. Weekly trading levels 13 - 17.05.2024

We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead.
Last week is HERE or in the related ideas at the bottom of the post.


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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Yorum:

!!!!! I noticed a big mistake in the calculations in the evening. Therefore, I am adjusting the 2 closest levels; they cannot be changed in the main post.
This is not an adjustment, but on the contrary, so that everything is fair :)
To date, it hasn’t had much of an impact; the stop happened in almost the same place. But if we go lower, then everything may develop completely differently.

Yorum:

Well, today they made a good attempt to buy. I entered into one trade, but closed at breakeven.

İşlem aktif:

We held the zone on gold. Reaction at the Asian session, then at the European session. Technology provided entry)

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It’s not for nothing that I made the edits yesterday and saw the mistake in time. They kept the level perfectly and let it move)

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Gold continues its path to the upper zone. I hope we get it on the news

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From volume to volume! Boom Boom))

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Excellent rebound from the zone. after the breakdown and rollback.

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great week