Hello traders. I wanted to take a look at the weekly to show what potential trades I see, thus far. I would like to point out that I see potential for both buys and sells, and as we get into the week, I will post lower time frame charts, as I see what direction gold is moving towards. There's a possibility for a wick fill on the weekly, as pointed out in the chart. Saying that, we've rejected that area multiple times. A break and close above 1840, with a retest to show that area would hold as support, would have me considering buys. Lastly, if gold did spike up, I would be looking for sells from the 1860/1865 area. This is all just speculation at this point. I try to work with price action, what is happening here and now, and I try to always trade the trend, as I am a scalper and not a swing trader. All thanks goes to Big G, my mentor. I think this week has the potential to be juicy. I am both thankful and excited.
Pip Whisperer
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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.