Can the HOUSE CAPITALIZE LONG TARGETING 4HR Swing EQ Level...?COMEX:GC1!
"The One Most Adaptable to Change is the One that Survives." -Charles Darwin
Gold is currently trading inside of this 4Hr Swing Range in a Correction State on the 4Hr as price is slowly but surely starting to switch Overall bearish on the HTF's... Now the 4Hr Swing EQ has been playing a big role for sellers who keep selling price lower with multiple attempts however; have not been successful in breaking past the HUGE Daily Demand Zone below. Also at this price level ($2304.0) We have created EQL's... Indicating strong support Level inside the HTF Daily Demand Zone for buyers!
1) Now lets drop down to the LTF 15m TF and we can see how price is currently trading inside this HTF 4Hr Demand zone and I believe this Demand will hold for buyers!!
2) In order for me to go LONG I need to see price break above the 4Hr resistance ($2341.0) & create a nice 15m CHoCh above price ($2344.5) with confirmed candle closures above both levels and then I will be interested in going LONG from the retest of the 4Hr Resistance Level ($2341.0) and Targeting the HTF 4Hr Swing EQ Level ($2356.0) roughly around 150 points in our favor LONG!!
3) I'll keep close update as PA develops and we have more data to work with...
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Keep Steppn!!
Stay Focused & Reach Excellence!!
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