Solid daily structure for Gold heading into the holiday weekend. Bullish going into next week if price closes bullish on the week.
Daily discount SSL swept and closed back inside the range on Monday. Daily OB confirmed on Tuesday. FVG created and inversion fvg confirmed on Wednesday.
Anticipating Thursday to possibly pull back and offer a prime continuation to the upside. I'd like to see the inversion be respected. Price can wick into the BISI but I don't want to see price close below the BISI. That's a red flag.
Targeting Equal Highs.
Daily discount SSL swept and closed back inside the range on Monday. Daily OB confirmed on Tuesday. FVG created and inversion fvg confirmed on Wednesday.
Anticipating Thursday to possibly pull back and offer a prime continuation to the upside. I'd like to see the inversion be respected. Price can wick into the BISI but I don't want to see price close below the BISI. That's a red flag.
Targeting Equal Highs.
Trade active
Long inside the daily BISI. Holding through the weekend. Close below BISI is invalidation.Note
Holding longs on Gold. I like the daily monday wick and close bullish. Anticipating expansion to the upside. Close below daily fvg is invalidation for me.Note
Tuesday needs to close above the daily fvg. Unfavorable if it closed below. Trade closed manually
Cutting this loser. Tuesday closing below the daily fvg invalidated the idea. Will keep an eye on the daily swing low if it holds or not. Might get another opportunity to go long again, but for now, not favorable for what I was looking for.
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Disclaimer
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.