BACKTEST GOLD 12 JUNE 2023 - MONDAY
SETUP TIMEFRAME: H4 (as Daily is still in sideway)
TECHNICAL (SOLEY PRICE ACTION)
- Because during sideway, easier to see by price action
ZONES FOR ENTRY
1) H4 QMB (1957.08 - 1954.29)
- Confirmation Pattern = M15 Failure Swing Chart Pattern
- 126 pips of buy
Time: 1030 (Asia sesh)
2) D R + H4 SR (1968.35 - 1966.53)
- Confirmation Pattern = M15 Failure Swing Chart Pattern
- 170 pips of sell
Time: 1815 (Euro sesh)
3) H1 Divergence TL (1949.20)
- Confirmation Pattern = M15 Failure Swing Chart Pattern
- 94 pips of buy
Time: 2145 (US sesh)
FUNDAMENTALS
- No high impact catalyst on 12 June 2023 for USD
TECHNICAL (SOLEY PRICE ACTION)
- Because during sideway, easier to see by price action
ZONES FOR ENTRY
1) H4 QMB (1957.08 - 1954.29)
- Confirmation Pattern = M15 Failure Swing Chart Pattern
- 126 pips of buy
Time: 1030 (Asia sesh)
2) D R + H4 SR (1968.35 - 1966.53)
- Confirmation Pattern = M15 Failure Swing Chart Pattern
- 170 pips of sell
Time: 1815 (Euro sesh)
3) H1 Divergence TL (1949.20)
- Confirmation Pattern = M15 Failure Swing Chart Pattern
- 94 pips of buy
Time: 2145 (US sesh)
FUNDAMENTALS
- No high impact catalyst on 12 June 2023 for USD
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