Gold - Long Idea
Gold continued to sell off today on USD GDP and Jobless Claims beat (despite Durable Goods missing forecasts by over 6% which is a huge miss.) With that, Gold sits in a Daily demand zone and as I see here, it appears that Gold is looking to transition to the upside and provide a nice move for tonight/tomorrow. I also noticed that the 4H had a slight pullback in the Zone which tells me that they could be forming liquidity for a bigger push to the upside. I've mapped out my idea with the white lines and I am not in this trade yet. I want to see it clear that most recent LH before I make any sort of moves.
Side note: I want to change my chart colors. I've had these same ones for awhile and I'm bored of them. Any suggestions and ideas would be appreciated.
Side note: I want to change my chart colors. I've had these same ones for awhile and I'm bored of them. Any suggestions and ideas would be appreciated.
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