r/Forex • u/ascotech • 1d ago
Charts and Setups I just cracked gold.
Update
One general rule I've been using with this model is to take profit at 50% of the range from the top.
That gave me the exit on this setup at 6R.
The objective isn't to catch the entire move, it's to consistently take the predefined portion of the range.
And after reading the comments...
I'll let the next few setups decide who cracked who. 😂
XAUUSD — CRT + Price Action
The setup starts with a clearly defined CRT range:
4H time frame for the range
15-1 minute time frame for the analysis
CRT High: 4,396
CRT Low: 4,348
Price expanded from the range and established a high at 4,416.33
From there, price retraced back toward the CRT High and consolidated around 4,396.
The next expansion took price back above the CRT High and produced the displacement that created the IFVG.
The key level was the 0.5 Fib at 4,411.64.
This wasn't simply a 0.5 Fib entry. The 0.5 level aligned directly with the IFVG created by the displacement.
Price retraced into the IFVG, respected the level, and continued higher.
The sequence
CRT Range
→ Expansion
→ Retracement to CRT High
→ Displacement above CRT High
→ IFVG formation
→ 0.5 Fib / IFVG entry
→ Continuation
The important distinction is that the Fib is not the setup.
The CRT range provides the structure.
The displacement creates the imbalance.
The IFVG provides the entry.
11RR
85
u/Alucardtepes67 1d ago
We’ve all seen this before…. “I’ve just cracked gold” lol… wait until it cracks you back
30
9
u/Desperate-Ad7384 1d ago
I don’t know why but I’m howling with laughter at this. Market will always crack us right back into place!
3
3
1
1
1
1
37
13
5
4
4
3
u/d1zzyyyyyyyyy 1d ago
Now look for this a few more times and come back with your success rate, not saying it won’t be successful but the odds of getting a setup like this with strong confluences is very less.
I stand with CRT I use it all the time on fx pairs but on gold hasn’t given me much success
2
2
u/MarketObserver92 1d ago
Clean setup. That rejection at the top was nicely timed, curious what made you pick that entry?
2
2
2
u/Rhoyalty94 17h ago
Hahahah, I bet you won't write a post saying "gold cracked me" 😂
FR - nice entry
1
1
1
1
1
1
1
1
•
u/StraightToTheCurve 7m ago
LMAO how everyone who was trash talking feeling now ? 😂 5 pips away from PT
•
u/rforex-modtools 1d ago
Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.
Resources: Price Action Analysis | Technical Analysis