Post trade analysis -
Price retested and rejected most recent high / mot recent supply pre news
News release negative for US - Typically causing bull run in gold
Would have entered on the bullish engulfing candle at the pivot point.
Possibly piped out on spread .Price suggesting retest of most recent low/ most recent demand
1.Close at break even
2.Modify r:r with stops below most recent lows./DCA at most recent low
Price retested and rejected most recent high / mot recent supply pre news
News release negative for US - Typically causing bull run in gold
Would have entered on the bullish engulfing candle at the pivot point.
Possibly piped out on spread .Price suggesting retest of most recent low/ most recent demand
1.Close at break even
2.Modify r:r with stops below most recent lows./DCA at most recent low
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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.