This is where the patience of most traders get tested. No matter your bias when trading, always keep a neutral mind enough to let you know when something is about to change. Gold appears to be at a make or break point for me and as it is, I will like to wait for price action.
I will buy gold at a break and retest above or below.
If Gold closes above 1855 today, I will look for good sell entry. If it closes above 1878, I will look for a possible buy entry. There is a possibility of a change in structure as gold appears to have been so bullish sin 1677 area and it my just be time for a reversal or some reasonable correction.
Buy with caution if you cannot wait but my advise is that you wait for price action and decide.
Happy trading
I will buy gold at a break and retest above or below.
If Gold closes above 1855 today, I will look for good sell entry. If it closes above 1878, I will look for a possible buy entry. There is a possibility of a change in structure as gold appears to have been so bullish sin 1677 area and it my just be time for a reversal or some reasonable correction.
Buy with caution if you cannot wait but my advise is that you wait for price action and decide.
Happy trading
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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.
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.