Gold created nice resistance at the daily open. Rejections with a nice top wick can lead to sells to continue if break and close below 1853.10 on 30Min or 1H. Since the daily bias is a bullish,take profit as you go because it could turn anytime.
Good luck and Goy shaa
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importance of candle closure is shown here. Buys above 1856 play crate support and break of resistance on small timeframe is the play.
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if we close back in the range below 1855.40, i would reconsider taking a buy on gold. may take smaller position because it could be a fake out and drive down with london volume.
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still need min30 or 1H closure below 153.10. nice wick down LL would be a great entry.
Trade active
entry 1853.34
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closed 50%
Trade active
stop loss break even 80% closed, 20 running until 1840sh area
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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.