Hello traders. Wow, gold moved a lot in the last hour or so. Looking at the hourly, if 1836 holds as resistance, I would expect as more volume comes in, we will move to fill the wick back down towards 1824. A break and close below 1824 area would allow gold to push towards 1815 / 1811. On the other side, this could be a push down to take out longs only to start a push up. Trade the trend. I scalp and try for 10 to 20 pips .. After 10 pips I secure most of my profit and move my stop loss to break even and leav a runner runnin. Raja from wicksdontlie gets credit for that advice. All thanks goes to Big G, my mentor. Great trades to all. Trade the trend and use price action, it is the here and now and is the best guide. Happy Friday.
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Amazing trading day. I could not have called that one any better. Hope some people caught some of the huge move up. Thanks and have a great weekend.
Pip Whisperer
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Pip Whisperer
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.