In my analysis yesterday, I mentioned that gold could potentially drop towards the 2600 level. Initially, the day unfolded as expected, with the price declining as anticipated. However, the trend quickly reversed, leading me to close my trade early this morning with a modest profit of 50 pips.
Looking ahead, the charts reveal an interesting pattern: dips in the price are consistently met with strong buying interest, with bulls firmly reclaiming control during these moments.
As the saying goes, "go with the flow." Observing this behavior, I've adjusted my strategy to align with the market sentiment. I now favor buying on dips, aiming for a potential move above the 2700 level.
Looking ahead, the charts reveal an interesting pattern: dips in the price are consistently met with strong buying interest, with bulls firmly reclaiming control during these moments.
As the saying goes, "go with the flow." Observing this behavior, I've adjusted my strategy to align with the market sentiment. I now favor buying on dips, aiming for a potential move above the 2700 level.
Trade closed: target reached
2700 soft target hit
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.