The following are trades setup ideas in 15 mins chart for Gold Oil Futures.
There are 2 distinctive dotted lines labeled as
1. AI's Intraday Resistance
2. AI's Intraday Support
These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short.
Scenario 1 (Range play before US trading hours)
If price action was below the AI Intraday Resistance Line AND continued to close below, the idea is to short and take profit at AI's Intraday Support Line (Minimum RRR 1 recommended).
OR
Scenario 2 (Range play before US trading hours)
If price action was above the AI Intraday Support Line AND continued to close above, the idea is to long and take profit at AI's Intraday Resistance Line (Minimum RRR 1 recommended).
OR
Scenario 3 (During US trading hours)
If price action was below the AI Intraday support Line AND continued to close below, the idea is to short and take profit at Pivot Point S2 (~1318) line.
Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow.
This is highly recommended to trade during Europe and US market hours for liquidity and volume for this product.
There are 2 distinctive dotted lines labeled as
1. AI's Intraday Resistance
2. AI's Intraday Support
These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short.
Scenario 1 (Range play before US trading hours)
If price action was below the AI Intraday Resistance Line AND continued to close below, the idea is to short and take profit at AI's Intraday Support Line (Minimum RRR 1 recommended).
OR
Scenario 2 (Range play before US trading hours)
If price action was above the AI Intraday Support Line AND continued to close above, the idea is to long and take profit at AI's Intraday Resistance Line (Minimum RRR 1 recommended).
OR
Scenario 3 (During US trading hours)
If price action was below the AI Intraday support Line AND continued to close below, the idea is to short and take profit at Pivot Point S2 (~1318) line.
Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow.
This is highly recommended to trade during Europe and US market hours for liquidity and volume for this product.
There was a calculation error on Sunday with the AI’s support and resistance line due to a k factor for different gold futures contract.
The AI intraday resistance should be $1332.
The AI intraday support should be $1324.