My conviction is that price will go to a high of around 1880, by time this is post I won't be surprised its already there. Nonetheless, I am looking for retracements on the lower timeframe for buy entries.
30 minute chart on gold last week, where multiple shorts were able to be played out. The circles marked on a resistance show price have grabbed liquidity and rejected the area 5 times in hindsight. To the left we see a blue bullish candle, in which price had pushed all the way up. The nature of price action is the continuous higher highs and higher lows to make...
Another intraday scalp I took on gold, I mostly use 30 min as confirmation and execution on trades. Gold had push further up after economic news data at 8:30am, I was anticipating this bullish move up but I missed it because I was grocery shopping, but the nature of gold, there is more than likely a correction that occurs which happened at 11:00am. I waited on...
Usually when I trade I look for moves during either N.Y session or London, but I took this trade around 3pm ET, it took the whole day to playout, with little volume there's often a lot of waiting, which I was completely find with as my risk to reward was 3:1 and the percentage risk was less than 2% of my account. One trade a day, quality over quantity.