Gold sells into buys
Updated
As I shared this morning. I was looking for gold to go and grab some liquidity to jump on the buys.
Thats exactly what gold did, it did secure some profits earlier for a 1/3 rr but gold managed to hit full tp.
Now wat i am looking for is some push down before our rate decision as i keep bullish on gold for now.
What i first want to see some closure above our recent structure high that was made.( 1951-1952) this will attract more buyers and they will jump in.
This is where i plan to sell (1953.5 -1953) therefore retail will think gold may turn bearish. I aiming for first target of 1945 what would be the break and retest but i think we will go to 1940 and from there we should have enough liquidity to shoot gold up atleast till our monday high and eventually beyond. ;)
I would consider this setup invalid if we close above our ny supply created yesterday on ny session.
Lets see what gold has in store for us!
Thats exactly what gold did, it did secure some profits earlier for a 1/3 rr but gold managed to hit full tp.
Now wat i am looking for is some push down before our rate decision as i keep bullish on gold for now.
What i first want to see some closure above our recent structure high that was made.( 1951-1952) this will attract more buyers and they will jump in.
This is where i plan to sell (1953.5 -1953) therefore retail will think gold may turn bearish. I aiming for first target of 1945 what would be the break and retest but i think we will go to 1940 and from there we should have enough liquidity to shoot gold up atleast till our monday high and eventually beyond. ;)
I would consider this setup invalid if we close above our ny supply created yesterday on ny session.
Lets see what gold has in store for us!
Note
Note
trading plan here didnt go as planned yet we are still in our plan from this morning. I will give you guys a new entry for tomorrow stay tuned.
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