Sell gold , Close price is lower than 1530 zone

I just wake up and check close price it is lower than 1530 zone
and clear for sell on rally
from it break zone and Double top formation.
Now 1527
we should wait till market open and see if can not back to 1530+
we will sell on rally
( if open and back to 1530+ , This idea will be invalid )
TP 1523
TP 1516
TP 1504 or lower must check chart if hit there again
Invalid if price can back upper than 1532 zone

Price, it should drop as follow arrow.
we only move and be caution on every step
because Gold can reversal in 3 zone and back to North.
*********************************************************************
Zone 1523 , 1516 , 1504 for Reversal

Only follow Market .

Note

Market open
Entry Sell 1527.8

Note

Hit TP 1
move sl to be

Note

now it is around 40 pips( as my daily target pips )
I partial close in profit and Let's it run (same as my strategy)
This zone may revesaal too if drop more next target 1516 zone

Note

Now Gold rebounce around H4 Trendline
I scalping buy sl 1520 and keep remaining buy position till it hit sl at be.

Close This idea.
^^

Note

*** I scalping buy sl 1520 and keep remaining sell position till it hit sl at be.

Note

This chat that i mean.
I trendline can support will go up as chart.
If break down around 1520 , will drop again.
*** Important zone 1520 will make sure gold will drop or not.
I don't know , only collect pips as much as It can.

Note

Sell position is closed by sl at be after partial close before
and Buy position profit around 30+ pips
move sl of buy position to be
Trade with Free risl again
Cheers

Note

Buy entry profit 40 pips as my daily target again.so I close partial in profit
and Let's it run as it can.
I will take a rest , today I am not trade any more
see you next week

Good weekend.
cheers
^-^

Trade closed: stop reached

I come to conclude this idea.
Friday I got 40 pips from sell and hit sl. at be. and got 40 pips from buy and hit sl at be
It is luck becuase I don't have time on that day.
If I trade on that day may be lost.
because Gold play in sideway down and result can up or down.
interesting point is reversel zone it rebounce in zone 1 on asia session and new york seesion it break to zone2 and revesal.
now I don't have any position left on this idea.
This weekend I will try to see possibility of scenario again.

theoris

Also on:

Related publications

Update Gold for follower that ask me in pm

by theoris

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.

theoris

Also on:

Related publications

Update Gold for follower that ask me in pm

by theoris