Gold 1D - Update.
Update on my post that I posted last Friday before the market closed.
Gold has hit my buy zone, my ideal buy zone was 1760 but lowest Gold went to was 1765. Either way I currently have 3 positions running with open TP right now. (Look at the related ideas for the levels of my open positions).
As I wrote on the chart, if we get a possible morning star pattern on Gold this could be a sign that Gold may have possibly bottomed for the year and we can expect a retest of the new all time highs soon as Gold usually goes parabolic during it's very bullish seasonal runs.
I am still waiting for a HL leg formation on the LTFs before I can possibly add new positions.
Gold has hit my buy zone, my ideal buy zone was 1760 but lowest Gold went to was 1765. Either way I currently have 3 positions running with open TP right now. (Look at the related ideas for the levels of my open positions).
As I wrote on the chart, if we get a possible morning star pattern on Gold this could be a sign that Gold may have possibly bottomed for the year and we can expect a retest of the new all time highs soon as Gold usually goes parabolic during it's very bullish seasonal runs.
I am still waiting for a HL leg formation on the LTFs before I can possibly add new positions.
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