[11/6 Night Gold] Moves from $4057.67 to $4147.01, ends Thursday around the $4088 level — Structure of the market and the latest targeted points seen on LIGHTHOUSE
LIGHTHOUSE (Light House)
Automates the chart's "reading" at a glance.
This discretionary trading assistant indicator displays the direction of the higher timeframe and the current candle, updates of highs and lows, and zones of pullbacks and retracements right on the chart.
1. Latest Chart: Gold 1-hour chart (to the close of November 5)
First, view current gold on the 1-hour chart with LIGHTHOUSE installed.
・In the upper left, higher timeframe (daily) is shown as "Strong Sell," 1-hour chart as "Neutral."
・On the 5th at around 5 o'clockHH(around 4147) is reached,HL(around 4108),LH(around 4138) progresses, and in the 17:00 hourLL(around 4076) is reached
・In the upper region (around 4140–4153) and the lower region (around 4026–4039),Support/Resistance Reversal Zoneis displayed.
Price ranges to be mindful of (based on chart facts)
| $4147.01 | High of the day (5 o'clock hour). 1-hour HH |
| $4057.67 | Low of the day (1 o'clock hour). This day's close is $4088.90 |
Other price ranges and near-term targets are communicated in messages to buyers.
2. Past Cases: LIGHTHOUSE Signals in Action
Mostly past cases.They do not predict or guarantee future moves. When LIGHTHOUSE is on the chart, two scenarios show how the moves look after a signal.
Case ① Friday, October 30: 5-minute chart
At 15:00 on the 30th (server time), a sell signal appeared. From around $3965, the price moved downward, and by around 22:00 the day, it dropped to about $3870.
During the retracement peak,LH(lower highs) appeared, sustaining the downward flow. Later there were moments when the price pulled back from the low zone.
Case ② Wednesday, November 4: 5-minute chart
At 16:55 on the 4th, a buy signal appeared. From around $4038, the price rose to around $4147 by 5:00 on the 5th.
During the pullbackHL(lower highs) appeared,HH(new highs) continued. There were intermediate moments of pullback.
※ Cases are selected for clarity. Not all signals produce the same movement. Also, the exact signal position and conditions are not described here.
What LIGHTHOUSE reveals
・Shows the direction of the higher timeframe and the current candle in five levels at the top-left of the chart
・Automatically displays marks for HH/HL/LH/LL and the BOS/CHoCH lines
・Displays pullback/retracement zones, support/resistance reversal zones, and range boxes
・Marks for peaks and valleys appear only after they are confirmed and do not move or disappear later (no repaint)
・The meaning of terms is displayed at the bottom left of the chart for easy learning as you view
For those who purchased LIGHTHOUSE
Daily fine price ranges and near-term targets are delivered via buyer-only messages.
・This article introduces past price movements and does not predict or guarantee future movements. Please make investment decisions at your own risk.
・Prices and dates are based on ThreeTrader (demo account) MT4 charts (server time). They may vary slightly by broker.
・LIGHTHOUSE is an indicator intended to assist market analysis and does not perform automated trading.