A good start to Gold Journey
In Part 2, we highlight a cluster of levels around close of Week 21. Price could however gap up or down and that will determine next moves.
At the moment though, we expected price to follow the arrow path for a down week.
In Part 2, we highlight a cluster of levels around close of Week 21. Price could however gap up or down and that will determine next moves.
At the moment though, we expected price to follow the arrow path for a down week.
Trade active
First entry @323 closed for +100pipsCurrently in Sell 360
SL-50pips
Trade closed manually
Sell entry 360 closed for +30pips2 trades: +100/+30 = 130pp
Buy entry @013
sl - 50pips
Note
Entry @013 closed be Last week the pattern was described: Once price retraces off Major Level (Black Line Resistance), we look for continuation around 50,100 or 150 pips away from BLR.
In this case we had several bounces around -100 level, buh settled for entry @511; currently pinching +150pips
Next level Green Line Resistance
Note
Entry @511 pinching +550pipsWill be looking for a pull-back around 3362.03
Note
Part 2 comes to conclusion on a Monday. 4 trades: +100/+30/0/+550 = 670pp
Do have a good week ahead
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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.
Related publications
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.