My Thoughts on Gold for the Week
Monthly: Trend is Bullish,
expecting continued creation of new highs before PB, candle closes in 15 Days
Weekly: Overall trend is bullish, was creating new highs (on Friday), expecting to create
one more new high before starting PB.
(news will help)
Daily: Overall Bullish, has created a new high, will need to complete PB before continuing higher
4hr: Starting the first leg of the PB before continuing higher
1hr: First leg of M formation has been created-
break and close below prev structure
Gameplan:
*wait for new week to begin, will give shape for market
*there will be short term buys at first, major
buys should happen later in the week
Entry:
For me to be looking for continued buys..
5m: re-test the TL and create FVG that holds
1hr: after retest of TL, look for BOS and FVG
If these are not met, I will look for sells
expecting continued creation of new highs before PB, candle closes in 15 Days
Weekly: Overall trend is bullish, was creating new highs (on Friday), expecting to create
one more new high before starting PB.
(news will help)
Daily: Overall Bullish, has created a new high, will need to complete PB before continuing higher
4hr: Starting the first leg of the PB before continuing higher
1hr: First leg of M formation has been created-
break and close below prev structure
Gameplan:
*wait for new week to begin, will give shape for market
*there will be short term buys at first, major
buys should happen later in the week
Entry:
For me to be looking for continued buys..
5m: re-test the TL and create FVG that holds
1hr: after retest of TL, look for BOS and FVG
If these are not met, I will look for sells
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.