Gold trade with buy an sell levels high pip count This week we are looking to enter a buy first, expecting market to reverse from that 600 pip downtrend up to previous support from the 4 hour before reversing again to support at 2914.
For entries first a buy to 2887 monitor expecting a reversal at 2914 to 2916 area where we enter a sell to previous support at 2852 to 2850.
The buy should run 265 to 270 pips and then the sell from 2914 should run 627 to 260 pips.
trade is based on higher time frame trend lines with support and resistance and fibonacci levels.
For example the 0.236 fib level at 2815 is our sell entry .
As always with these type of trades wait for proper conformation , use proper risk management .
levels should hold until hit so patience is key.
Major news will have an effect on these but that's something we don't have control over
