Friday Analysis (25/7/2025)

Today I explain the update of my position and some of the signs of another waterfall.

Note

meh~ the sniper entry gave only 50 pips, good enough for a scalper

Note

No retracement whatsoever. This may just come to the lows

Note

took some buy profits and sold at 3359. aiming to TP and buy at 3351.33 again.

Note

Support broken. canceled my buy and holding sell.

Note

oh this is crazy. 900 pips sell ! mindblowing truly unexpected with just 3 days.

Note

Sell zone 3352.73. SL 30 pips. Reason : Follow momentum for until daily close.
If you wanna buy, try 3334.50. SL 40 pips. but be careful, we are catching knife here.

Note

idk man but at the back of my head i still feel the price could retest that 3367 first before going down. or it's just saving that supply for next week, could be too.

Note

2H close below again, structure shows more downside.

Note

remember, my confidence for this 3334.5 level is not the same as yesterday buying level. watch my ideas and you know that I said there is no strong support enough to stop a daily momentum.

Note

2 demand.

1) 3334.50 (40 pips SL)
2) 3328.60 (50 pips SL)

I have put buy limit for 3328.60, BUT NOT 3334.50, that depends on price action.

Note

the signs of waterfall was already there 7 hours ago. unfortunately there was not much retracement happening. but I got the general idea and well prepared. At least not forcing myself to buy.

Note

you know what, I think putting buy limit before weekly close is a bad idea. I removed it. buying only if the price action tells so (reactive). why was I acting against my own analysis haha. I want to see how the daily close first.

yesterday

Note

Guys, I'm back for abit. Swing buyers won't like to hear this, but I'll tell you one thing, there's still room for more downside. Hint : 0.618-0.786. Just a reminder that a pump early of the month does not indicate "it will never go down again". Keep that in mind. I'm bullish on gold, but not quite yet. there is another wave coming.

To be honest, this pump is good, perhaps necessary for RSI perspective, since we were days of dumping. the major wave of dumping is done. Now is a wave of uptrend. but not a major one to the ATH, just a necessary pump for retracement.

I'm not being biased here, proof is you gotta look at weekly candle close. both last week and this week are liquidity grabbing candles. they don't indicate anything just yet. Goodluck.

michiotakeshi9

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

michiotakeshi9