GOLD ,your checklist should always include the following
what is the current high and low of the US10Y ???
what is the current interest rate decision
what is the current HTF AND LTF of dollar index
what is the phase of the price action(demand or supply).eg if price action is in demand phase and you try to sell it ,your stop loss will be taken, if you trade in the direction and phase of price action ,you dont need a big stoploss.
trading is 100% probability and any key level can fail.
risk management is key .
#gold
what is the current high and low of the US10Y ???
what is the current interest rate decision
what is the current HTF AND LTF of dollar index
what is the phase of the price action(demand or supply).eg if price action is in demand phase and you try to sell it ,your stop loss will be taken, if you trade in the direction and phase of price action ,you dont need a big stoploss.
trading is 100% probability and any key level can fail.
risk management is key .
#gold
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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.