Hello traders and Happy Monday. Looking at the gold chart, I am waiting for the perfect set up. I work with price action, as that is what is currently relevant and gives me the most info. Indicators are great for many but I try not to predict the maket, I try to be reactive to it. Trade the trend and always use confirmation on the lower time frames before trading. I have marked on the chart, points of interst for me, that I will be watching for over this trading week. I am waiting to see if 1848 / 1853 area holds as support for possible buys back up. Buys with a break and close above 1876 area is another idea I will be looking at. So for me, Monday is a day that I watch more than I trade. I find that Monday's and Tuesday's candles' carve paths in both directions, so I like to watch and wait. I will update as we get into the day / week. I just wanted to post what ideas, what potential trades are out there that I may look to take. All thanks goes to Big G, my mentor. Getting paid to wait, life is amazing. (Shout out to Raja at wicksdontlie, the best livestream for spot gold). Be well and thank you for checking out my thoughts for today. I wil update in a bit if I do trade or lean towards taking any impulse scalps. Huzzah :)
Pip Whisperer
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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.
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.