Targeting sells from 1944-46 area. Golds sudden bullish movement to this price has caught my eye. I believe FOMC will not raise rates, thus I think it will have a huge impact on metals. There could be range up to that 1948, my stop is at 1948.5 with 2 targets 1940 and 1927 which was around the area of 25 key support.
Ive implemented the use of FVG, BOS and CHoCH, Im slightly adjusting the way I trade news, and trying to play it safer with setting orders rather than instant executions.
Overall this trade gives me a 1:1, 1:3.75 R/R. Orders set, lets see how my analysis goes.
Ive implemented the use of FVG, BOS and CHoCH, Im slightly adjusting the way I trade news, and trying to play it safer with setting orders rather than instant executions.
Overall this trade gives me a 1:1, 1:3.75 R/R. Orders set, lets see how my analysis goes.
Trade active
TP1 HIT 1940HOLDING TP2
Note
1933, gold over 100 pips from our entryTrade closed: target reached
Closed 1932, 120 pip160 pip total.
Thank You Mr.Powell
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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.