Helo traders. Looking at the 4 hour candle. I can see this current candle as a possible pullback for gold to move down and test / retest the 1820 area. Also from this point, I can see 1826 may hold as support for gold to move up, and as stated in an earlier post, if the daily flips, I would jump in a buy with proper confirmation. But as far as now, I am waiting. It is always tempting to take impulse trades when gold makes a move but without proper entry, at least for me, I lose or end up in drawdown longer than i do in profit. Patience is key. 3 trades a day for me, and it is hard to be disciplined, but it pays off. All thanks goes to Big G, my mentor. Trade the trend and lets see if gold keeps pushing from here or pushes back down. Trade the trend and thank you.
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.