Dear Traders,
Most times Retail Traders lose trades because their emotions overpower price action. From the daily chart again, it is quite obvious why I mentioned that I am still bullish until Gold Closes strongly below $2,345. Until then, I will keep looking for bullish price action above that level until gold proves otherwise.
It is usually good to pay attention to price action, that is what price is doing exactly and not what we think price is going to do. As we can all see from a daily perspective, there was a strong daily close above the bullish flag which may potentially be confirming bullish continuation. However, it is important to note that price will always do its thing and our job is simply to pay attention and trade only in the direction of price,
Trade carefully and apply proper risk management.
Most times Retail Traders lose trades because their emotions overpower price action. From the daily chart again, it is quite obvious why I mentioned that I am still bullish until Gold Closes strongly below $2,345. Until then, I will keep looking for bullish price action above that level until gold proves otherwise.
It is usually good to pay attention to price action, that is what price is doing exactly and not what we think price is going to do. As we can all see from a daily perspective, there was a strong daily close above the bullish flag which may potentially be confirming bullish continuation. However, it is important to note that price will always do its thing and our job is simply to pay attention and trade only in the direction of price,
Trade carefully and apply proper risk management.
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.
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.