FUNDAMENTALLY; persistent inflation concerns drive investors to gold geopolic tensions make gold as a safe haven cpi came as negative which devalue from the dollar
technically ; BULLISH TREND BREAK OF THE SUPPLY AND DEMAND ZONE A DEEP RETEST ON THE DAILY zone PRICE ABOVE THE SMAES HIGH BULLISH VOLUME
PRICE IS ON A MONTHLY S/D ZONE M LOOKING FOR SHRINKING CANDLES MULTIPLE REJECTIONS FEB RETRACEMENT EITHER 368 OR 50 A LONG WICK DOji CANDLE ON THE 4H FOR my ENTRY SIGNAL 1H DOUBLE BOTTOM 30M ENGULFING OR A VARIATION CANDLE
RM;
1%RISK 4.1 RRR SCALING IN USING BOH setup while trailing in my stops
ps advice : follow your plan and only think of the setup itself not the money manage risk vs reward
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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.