This month was very bullish, but its volatility is terribly high due to economic uncertainty
Probably could extend until the mid of 2024, could worsen at around March after bad news release
Use pending orders instead of direct orders.
And watch your chart at 5 minute timeframe
Gold still maintain bullish probably until March 9 or March 12
Wait until its retracement at 1850.7 then go long all the way in.
FOMC minute will be held in less than 12 hours, i predict GOLD will go at least 1870
Check the volatility with Volume Flow v6 Indicators, my timezone is in GMT+7
I found that GOLD kinda have liquidity injection every 6 hours
either in buyer side or seller side, you can check it in my analysis..
so whenever that injection coming the market always getting really fast, 1 minute late and you can lose 10 pips for nothing
The reason why i suggest you guys to buy full margin previously is because this bullish trend could last up to 5 months from the start
Cheers, H. Haidar