It is common knowledge that Gold is in an uptrend as it continues to make a series of higher highs and higher lows. We could all tell that it may be aiming for a fresh high at this point, which is why I'm dropping this analysis so that we can all ride with the trend and not miss this golden opportunity.
I'm waiting for price to tap into the Order Block marked with a rectangle, after which I will wait for a clear candlestick confirmation to go long. My confidence in this trade playing out is 99% as long as price taps into the OB before or during the New York session.
As usual I will be monitoring and dropping relevant updates while trade runs. STAY TUNED.
I'm waiting for price to tap into the Order Block marked with a rectangle, after which I will wait for a clear candlestick confirmation to go long. My confidence in this trade playing out is 99% as long as price taps into the OB before or during the New York session.
As usual I will be monitoring and dropping relevant updates while trade runs. STAY TUNED.
Trade active
Trade has been activated. Trade closed: target reached
I will be taking my profits at 3,048 with a solid risk-reward of 1:5. If you took this trade let me know in the comments.Also, follow for more trading ideas.
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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.
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.