https://www.tradingview.com/x/yVyDlDrq/
My overall forecast for this week is that Gold will do classic expansion week where monday will go up then tuesday will most likely go up to sweep mondays high then do the reversal so that wednesday and thursday will be expansion going down and target the daily imbalances below. For today i was expecting a bullish push upwards for GOLD before it will reverse so i followed my steps by combining my multi timeframe analysis. From daily for the overall bias to 1H for that confirmation and alignment then 5m for my entry timeframe. Once i saw those 3 timeframes align with combination confirmation that i saw with the price action then i entered the trade. My original target was 1:3R but then i saw the weakness after price came to my 1:2R level so i manually pulled out with a 1:2R gain for today....
My overall forecast for this week is that Gold will do classic expansion week where monday will go up then tuesday will most likely go up to sweep mondays high then do the reversal so that wednesday and thursday will be expansion going down and target the daily imbalances below. For today i was expecting a bullish push upwards for GOLD before it will reverse so i followed my steps by combining my multi timeframe analysis. From daily for the overall bias to 1H for that confirmation and alignment then 5m for my entry timeframe. Once i saw those 3 timeframes align with combination confirmation that i saw with the price action then i entered the trade. My original target was 1:3R but then i saw the weakness after price came to my 1:2R level so i manually pulled out with a 1:2R gain for today....
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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.