Hello traders. Gold moved nicely today. Looking at the daily, I have marked my area of interest to lok for shorts Gold moved past my 1717.10 area of interest. Saying that, 1726 - 1735 area is where I will be watching. All speculation at this point. I am watching all the way towards 1740 to see if gold does make it's next move down, for me to get a great entry. A break and close above 1741 will negate this idea as it would open the possibility for gold to go up towards 1760 area. Indicators are great but for me I work on price action. As in what is happening on all time frames when volume comes in. A few hours Pre Lond and Pre NY and I am usually done with my trades by 9 or 10 am here in the US (est). ALl thanks to Big G, my mentor. Trade the trend and be well.
Pip Whisperer
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Pip Whisperer
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.