TRICKING GOLD - IF IT MAINTAINS STRUCTURE, LONG.
Here's the thing:
GOLD Weekly is going up for a few weeks now.
Monthly rejected a support, creating momentum.
Daily just tapped out of that consolidation area, to the upside.
Although I'd say we need a higher low, it seems that the consolidation is acting as such.
On the 1 hour that I've marked, you can see the nice bullish market structure price has made. Consolidated, and now popped out of that, to the upside
Now, I'm expecting a retracement (it's happening already) to create a higher low and then jump in the trade, WHEN PRICE ACTION SHOWS IT'S TIME. UNTIL THEN, NO TRADE.
We might have three different spots to create a HL (and another one even lower), so let's wait. Afterall, tomorrow is Wednesday, price might reverse and we don't want to get caught on that.
Small stops in all of the trades.
GOLD Weekly is going up for a few weeks now.
Monthly rejected a support, creating momentum.
Daily just tapped out of that consolidation area, to the upside.
Although I'd say we need a higher low, it seems that the consolidation is acting as such.
On the 1 hour that I've marked, you can see the nice bullish market structure price has made. Consolidated, and now popped out of that, to the upside
Now, I'm expecting a retracement (it's happening already) to create a higher low and then jump in the trade, WHEN PRICE ACTION SHOWS IT'S TIME. UNTIL THEN, NO TRADE.
We might have three different spots to create a HL (and another one even lower), so let's wait. Afterall, tomorrow is Wednesday, price might reverse and we don't want to get caught on that.
Small stops in all of the trades.
Dagangan ditutup: sasaran tercapai
yah
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.