XAUUSD - Bullish momentum or Bull Trap?
Updated
Yesterdays PMI data came in and most probably busted many accounts. I watch these live videos on socials. Counted at least 18 people with sell orders for gold yesterday...
we can see bullish momentum with gold currently
- Breaking previous highs
- Sweeping lows
- Buyside target
We can also see sell side liquidity, as market is creating higher highs, sellside liq is building..
What's the move? = Sit on your hands and study price action carefully. We not done for this week yet trust that ;)
Those psychological levels are in play..
Follow your rules !
we can see bullish momentum with gold currently
- Breaking previous highs
- Sweeping lows
- Buyside target
We can also see sell side liquidity, as market is creating higher highs, sellside liq is building..
What's the move? = Sit on your hands and study price action carefully. We not done for this week yet trust that ;)
Those psychological levels are in play..
Follow your rules !
Comment
4hr flipzone holding strong currently if you entered around this zone and targeted last weeks high after Londons killzone you should be 0.50% up. With Gold thats plenty.
The Nyc session switched direction and hit the 4hr flipzone(stop hunt) - ask yourself whats really happening you...
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.