What will gold be like on March 30 (Monday)?

Trade method using candles and volume only
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There are many things going on in the world, and since it’s Monday, I’ll observe and share a rough forecast. It’s closing exactly at a resistance level.

Considering the near future, on Monday it wouldn’t be surprising to open with a large gap up from above…

As I’m technically oriented, if I stick to a straightforward analysis, there are two near-term reversal points. Unless the conditions are very favorable, I won’t target from Monday. I’ll wait and see.

I found a trend reversal pattern on Friday, so I’ll analyze it.

↓ 15-minute chart

↓ 5-minute chart

The 15-minute chart has a cleaner shape, but the 5-minute chart makes the details easier to understand.

It doesn’t perfectly match 100%, but it’s a common spring reversal pattern.

At first I assigned the roles of each pattern from the 15-minute chart, but when looking at the details on the 5-minute chart, I can see there is a misalignment.

If I were to trade in real time, it’s a nonessential part, but I will correct it.

In this pattern, if trading in real time, I would be cautious because the ST in Phase B did not break the SC in A.

Looking at the PS, it is dropping vigorously, so if I view the tail as “noise,” I can see that the body is indeed lowering the price.

ST → SPRING shows a divergence.

However, in this case the drop from the PS was large, and AR did not react much, so I would be cautious and skip the TEST (assuming I were doing it in real time!).

If I can confirm a proper rise during TEST,
I would wait for it to come back and place a limit order at the body of the bullish candle, setting a trailing stop behind the wicks for the test.

Trade method using candles and volume only,
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I wrote a book titled “How to Choose a Non-Deceptive EA and Protect Your Funds.” In the details page here, I 소개 a simple method using EMA and the earlier Wyckoff pattern indicator’s primary information shown on an actual chart. If you’re interested, please take a look!