Good evening gold gang! hope you are well and had a solid trading day.
I managed a break even on the buys having entered them after my normal trading hours where volume wasn't the best. FOMC news came and sent price up to target as forecast, but im totally fine with that .. i followed my plan.
On to tomorrows outlook .. another red folder news day tomorrow unemployment so we could see some more volatility on the yellow metal. I personally want to see some down side as any trader will tell you, when price reaches all time highs .. there isnt enough data for us to go off and will reduce probability .. so i much prefer price where there is plenty of history.
The buy zone is very close to current price .. as this is where the previous action was. This means a strong possibility for price to do a fakeout and come back into the range. Use tight risk management in this case .. and if price closes strong back under the zone .. sells can be taken here.
Sell zones in a sensible area lower down and will activate tomorrow if we get some positive dollar news.
Well done to anyone catching the buys today! .. another winning analysis. Thanks so much for the likes and follows. I appreciate you all.
TommyXAU
I managed a break even on the buys having entered them after my normal trading hours where volume wasn't the best. FOMC news came and sent price up to target as forecast, but im totally fine with that .. i followed my plan.
On to tomorrows outlook .. another red folder news day tomorrow unemployment so we could see some more volatility on the yellow metal. I personally want to see some down side as any trader will tell you, when price reaches all time highs .. there isnt enough data for us to go off and will reduce probability .. so i much prefer price where there is plenty of history.
The buy zone is very close to current price .. as this is where the previous action was. This means a strong possibility for price to do a fakeout and come back into the range. Use tight risk management in this case .. and if price closes strong back under the zone .. sells can be taken here.
Sell zones in a sensible area lower down and will activate tomorrow if we get some positive dollar news.
Well done to anyone catching the buys today! .. another winning analysis. Thanks so much for the likes and follows. I appreciate you all.
TommyXAU
Note
wowwwwww i cant believe that open last night! .. 270 pip rocket. Im looking at taking the fakeout scenario this morning as per the forecast waiting for sells belowNote
apologies for the lack of updates guys, internet problems. Ok we got the fakeout scenario as forecast at hit target perfectly .. boop. Price then rose up to the updated buy zones .. we did not close and open above so no trades there and price fell with news .. now price has come back into the zone, lets see what happens from here as we approach the end of the day. Note
boop!!! target smashed again. Thanks so much for sticking around with me guys and hope you're learning how the gold market moves. Tommy 
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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.