Hello traders. This week should be great. Finding a good place to short gold is where I am at if conditions are met. Currently I will be watching the $2321 area. I have marked the one red candle in the montly bull run, we should see a healthy pullback soon. Once we break and close below the $2321 area, we could see a nice push down. US dollar, as manipulated as it is, has strengthened a bit from the news. I will post a lower time frame analysis in a bit. Big G gets all my thanks. Be well and trade the trend. Let's see how things play out.
Note
In this 1 hour chart I am waiting for a breakout from the marked area on the chart. I think we may push up before dropping. Let's see how things play out.Trade active
I took a Buy position at 2320.15. Looking for a push up towards the 2335 area, although it may be a choppy ride. Once I am 30 to 50 pips in profit I will secure 75% of the trade, move my SL to my entry point and leave a runner running. I am securing proft at 30 pips right now, so I have no loss in case we drop to my entry point. Big G gets a shout out.Trade active
80 plus pip trade. Just amazing. Kaboom. All thanks to Big G. Let's see if we can break and close above the 2330 area or do we reject and move down again ? Patience is keyNote
WOW, I could not have called the $2330 area any better for a potential rejection spot. I am looking at the last 2 hours that we dropped $10. Let's see if $2323.50 area holds as support or acts as resistance. Patience is key. I have one trade left for today. I will post a chart shortly with my trades, if I take any. Shout out to Big G.Trade active
Took another Buy from $2327.55Trade active
Took a Sell, might have been a bit early.. Let's see how it plays outTrade closed manually
I jumped out with around 30 pips or so. Done for the day. If we push down and I miss it so be it. Happy Monday
Pip Whisperer
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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.
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.