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Gold Spot / U.S. Dollar

[3] - OPTIMAL TRADE ENTRY

By GoatGold
Updated
Recap on previous day :
  1. Price successfully to the break previous low
  2. Price Break the low of 24 Oct
  3. Price forming Lower High & Lower Low


Current situation giving me a bearish bias.

Idea :
  1. Accumulation on Asia session
  2. Create high of the day in London session
  3. Price start distributing in London Closing / New York session
Trade active
Price enter the OTE area
Note
There is rejection when price try to break the Wednesday opening price.
I am Expecting the price back to the area of 100% Fibonacci.
Note
Price hit the previous low, MONITOR THE PRICE MOVEMENT !
Trade closed: target reached
FibonacciTrend Analysis
GoatGold

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