Hello traders. I have marked my areas of interest for gold on the daily chart. $2735 area and the $2722 areas are where I will be looking for gold to react. I am not trying to get caught range trading and I am not trying to force or rush a trade. So for me, I will wait to see how the over night sessions play out. I find gold carves it's path both up and down the first few days of the week. Let's see how things play out. I will post some lower time frame analysis as we get into the trading week. Big G gets all my thanks. Be well and trade the trend. This is the last week of the month so be careful.
Note
XAU / USD 4 Hour Chart. Let's see if support forms.
Trade active
KABOOM. Hope some of you caught the move up. I just closed 75% of the trade's profit, moved my SL to my entry point (break even) and left a runner(the remaining 25% of the trade) running. BIg G gets my thanks. One trade, done for the day.
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.