As can be seen on the chart, gold is bullish on HTF (H4, D1). EMA50 is still above the EMA20. On the fibonacci retracement, gold at this point shows rejection on 50% level. You can wait for the US session and wait for confirmation in M15 to enter a buy at the 50%, 61.8% or 78.6% level if the market is chasing buyers before continuing its uptrend.
Don't forget:
1-Don’t trade against the trend : ‘The Trend Is Your Friend, Until It Ends’
2-Price Action is The King
3-Don’t risk more than 1% per trade
4-Keep your RRR Higher
5-Respect your trading strategy
6-Don’t complicate your trading Plan
7-Don’t trade at the opening of sessions
Don't forget:
1-Don’t trade against the trend : ‘The Trend Is Your Friend, Until It Ends’
2-Price Action is The King
3-Don’t risk more than 1% per trade
4-Keep your RRR Higher
5-Respect your trading strategy
6-Don’t complicate your trading Plan
7-Don’t trade at the opening of sessions
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.
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.