Quick bounce play setup on gold! Long play setup before the news
1. Price made a solid retest on our key level at
1730.
2. We have also seen the play on the Daily TF
that's why it's very important to look at the higher
tf when doing your analysis.
3. SL is just 20pips below our level so it's a tight
SL.
3.2rr
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1730.
2. We have also seen the play on the Daily TF
that's why it's very important to look at the higher
tf when doing your analysis.
3. SL is just 20pips below our level so it's a tight
SL.
3.2rr
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
Trade closed: target reached
TP Hit!I have anticipated that the big guns have placed their longs in our major support level at 1730. It was a liquidity grab.
On the fundamental side, it's been 4 straight months of negative forecast on flash PMI for the USD that's why I was also expecting a bounce on the gold.
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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.