Gold Wick Rejection Alert!
XAUUSD bulls trailing just under yesterday's high, anticipate wick rejection & 15m sweep. Market sentiment greedy, ready to pounce on bearish wicks.
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Discussion Thread (23)
i'm keeping an eye on the 1825 level - that's where i'd expect a wick rejection to kick in.
Watch for engulfing candles.
Love the 15m sweep idea, but watch 1780 near-term resistance. Bulls may stumble there.
Agreed, watching for that wick.
Watching 1380, that's where I'd expect rejection.
Wick rejection likely, but watch 1850 for solid bear trap test
Yesterday's high exceeded, awaiting 15m retest.
Agree, wick rejection likely. Watching 1700 for confirm, then 1710 stop
Volume dry, POC pending
keeping r:r at 2:1, invalidated @ 1855, tighten stop below 1852.
Spot on, author. DXY grinding higher, yields creeping up - uncertainty keeps gold range-bound. 15m sweep makes sense, but watch 1820 - invalidation. Bulls fading below might spark a wave of profit-taking
respect the ltf resistance, but keep an eye on 1785 - might see a surprise run if we break yesterday's high.
I'm seeing 1380 as the confirmation line, not 15m.
DXY pulling back, yieldsCap peaked, gold's green light.
Descending channel, $1180 next stop.
Cautious, watching 1796-98.
Yesterday's high, let's see it break
15m play
(seconding the alert, eyeing $1804 for bear trap)
Wick rejection, yeah, but eyes on 1812 for real drop.
wicks in play, 1488 breaker next?
Targeting 1835, awaiting wick rejection.
Rejecting 1825, watch 15m sweep at 1815.