Hello traders. I won't trade in the range, and for me, I would rather wait for some kind of volume push to catch a quick scalp. It is Wednesday and I find that mid week, on a weekly candle chart usually finishes in the middle. Saying that, even though the current chart is marked witha buy scalp, I am of bearish mindset. I feel that between today and Friday gold could decline towards the 1775 area. This is pure speculation at thsi point. I am looking at sells from 1800 area if gold moves up. Lower time frame confirmations plus volume and the day of the week all play into taking a trade, at least for me. Very thankful to Big G, my mentor. Trade the trend and be well. WIll post some different time frame charts soon. Be well.
Pip Whisperer
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Pip Whisperer
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.