GOLD WILL PULL BACK TO SUPPORT
Gold is very tricky right now, I would need to see what happens during the new your session. I am actually trading the sell from 0.786 with 50 pips SL and hopping to see Gold pull back to the Yellow zone on my chart with my eyes on the bullish order block right inside the zone.
The yellow zone is a conservative place to buy and quite honestly I believe Gold is due for some retracement. I am looking conservative at the "BULLISH ORDER BLOCK" inside the yellow zone but again, we need bullish confirmation pattern inside that zone to buy. This may actually happen anytime. However, and again, if Gold refuses to pull back to that zone, based on Fib extension tool, 2742-2745, is the area we should be looking for as the area sell from in the first instance.
I will you luck. I will advise that if you don't know how to take and manage trade on your own stay away from Gold and look for other pairs that are not volatile to trade.
The yellow zone is a conservative place to buy and quite honestly I believe Gold is due for some retracement. I am looking conservative at the "BULLISH ORDER BLOCK" inside the yellow zone but again, we need bullish confirmation pattern inside that zone to buy. This may actually happen anytime. However, and again, if Gold refuses to pull back to that zone, based on Fib extension tool, 2742-2745, is the area we should be looking for as the area sell from in the first instance.
I will you luck. I will advise that if you don't know how to take and manage trade on your own stay away from Gold and look for other pairs that are not volatile to trade.
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