Gold Monday Trading Strategy.
Market Direction
Today, the opening price of gold is below the pivot and POC so the market direction is BEARISH. The 2-day relationship is lower so we will consider selling at key levels when there is a signal. My personal opinion is that I hope gold will fall to 2149/2150. If you break through this point, gold will return to 2136/2139. Conversely, if gold decides to rise again, it could test virgin POC at 2203 but this is unlikely.
📉Zone Analysis
- 2176 is zone m5
- 2181 was the peak last Friday
- 2194 is fipzone m15
So we will consider SELL:
Entry Sell: 2176 - 2181 - 2194
Target: 2149 - 2136
📕Note:
No signal, no trade
If you stop losing 3 times a day, you should rest
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