Gold Analysis - 20/02/2024
Gold is still generally Bullish
A Pullback is expected to happen on Gold with two Supply POIs present for the price to sell from.
The first SC was invalidated by CAD News, so I am looking for an entry on the one above.
Entry Supply Range 2030.5 to 2033.5
.. Would be considering a manual entry should price find it hard to activate the POI and manage my trade accordingly.
Gold is still generally Bullish
A Pullback is expected to happen on Gold with two Supply POIs present for the price to sell from.
The first SC was invalidated by CAD News, so I am looking for an entry on the one above.
Entry Supply Range 2030.5 to 2033.5
.. Would be considering a manual entry should price find it hard to activate the POI and manage my trade accordingly.
Trade active
Trade is active but Gold is pissing me off today ... Behaving like NZDUSDNote
This is the first with Gold ... There is a battle of the stronghold going on in that Supply area. - for more than 3 hoursTrade active
PATIENCE IS KEYXAUUSD really tested it today.
Trade active
Gold Retested the Supply we are selling from and it is dropping nowNote
I might manually close this trade since the trade is indecisive.Though its showing exhaustion on the 2H, I hardly stay this long in a trade without being in profit of about 100+ pips or at best stopped out
Note
Gold really tested my patience with this tradeTrade closed manually
I am out of all Sell trade in 80+ pips profit. I don't trade FOMC
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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.