Hello traders. Looking at the daily chart. I am waiting to see if there is a potential sell trade set up from the marked zone on the chart. This is just speculation right now. In order for me to consider any trade, lower time frames lining up, as well as the day of the week and volume all play a part. I don't sell from that area without confirmation. I would rather miss the trade than to take a poorly executed trade. For me, on spot gold, it's all about entry. We are early in the week, and it is the first day of the month.. i am watching today and tomorrow to see what is open. I trade the trend, so both buys and sells are vaid. This chart just shows where I will look for potential sells. If it goes up past my zone, I will re analyze and reassess. All thanks to Big G, my mentor. Be well and thanks for checking out my idea.
Pip Whisperer
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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.