https://tradingview.sweetlogin.com/x/qsCIvOPT/
Based on 4hour timeframe
- Gold dropped beautifully over the last few days and has reached the demand area that caused the break of structure.
- there is still weakness but for a day trade i would like to see a reversal on the lower timeframe at this point
- the price pushed down during the asian session and not waiting for the reversal on the lower TF that will result in a bullish push during London and hopefully a continuation during US session.
- gold may sweep this zone but i definitely do not want a close after it, if that happens then i will wait for the next extreme zone.
- in terms of target- the first supply zone is my target.
Based on 4hour timeframe
- Gold dropped beautifully over the last few days and has reached the demand area that caused the break of structure.
- there is still weakness but for a day trade i would like to see a reversal on the lower timeframe at this point
- the price pushed down during the asian session and not waiting for the reversal on the lower TF that will result in a bullish push during London and hopefully a continuation during US session.
- gold may sweep this zone but i definitely do not want a close after it, if that happens then i will wait for the next extreme zone.
- in terms of target- the first supply zone is my target.
Trade active
Now that there has been a break of structure on the LTF.
i am in a bullish trade to the recent high.
Note
so far so good - i moved my SL to breakeven if the price reverses for what ever reason
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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.