i dont usually trade gold however this looks like a good setup for sells
Daily timeframe analysis and target for possibly this week or next week if support is held
sells entry as price broke below of range
currently in range anticipating break to either upside or downside for either sells or buys once further trade confirmation is provided for entry. Just waiting patiently to see how price behaves at these zones however am not anticipating a quick move as it is just the start of the week and asian session, hence less volume.
price sitting at major level currently, best to wait and see wether price will respect the support zone and bounce up or break it for further continuation down
currently in an approx 40pips range london open helped price break below the range however london end/ NY open reversed the price driving it back into the range at this current stage, i suggest using small risk if trading within the range, however an even more safer option would be to wait till the range is broken and further market structure is developed.
buys, candle broke out of range and anticipating furhter push
trade closed breakeven from before as candle closed back in range and retest candle was the close candle
buys london session anticipating the retest of the high which was created, price already pushed up very high therefor using low risk on this trade
currently all positions break even anticipating the low to be retested at 134.207
clear break of range with entry on minor retest of new 30min candle ive seen this trade setup happen hundreds of times on GJ,
buys above if resistance broken with confirmaton
monday, currently price ranging hard be aware of fakeouts, but range is expected since its only start of trading week.