Monthly is still bullish. Weekly just did a break and retest over the past 2 weeks. Overall I am still bullish on gold, so I am looking for price to continue bullish this week. HOWEVER last week did make a bearish engulfing on the daily. Meaning price could sell short term to complete the M pattern that the Daily candles are forming. Time will tell. So we will see what happens at market open. I am still going to enter a small lot for a buy to the 3/1/22 monthly high of 2070.46.
Trade active
Trade idea is still active, but the trade I entered hit SL. I didn't enter my SL low enoughTrade active
Gold consolidated all week inside the D FVG area. Not sure which way price is going to go. My SL was to tight so my personal entry for the Daily got stopped out. Will have to wait on a break and retest in either direction to get into gold again, but this idea is still active for me until there is a bearish break of structure.Trade closed: target reached
Anyone following this trade idea should've hit TP on Thursday
Catch profits with me!
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.
Catch profits with me!
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.