Hello Traders!
Let’s break this down in a simple and friendly way. If you’ve noticed, gold is dropping even though the overall market is in an uptrend. Here’s what you can do:
1. Switch to the 2-hour timeframe and use my Supply and Demand Analyzer Indicator. You’ll see that the price has reversed from a fresh demand zone, which is a good sign.
2. Now, check the 30-minute timeframe. You’ll notice liquidity at the top, along with fresh supply zones. If the price continues to follow the overall trend, there’s a high chance it could move upward.
3. Always manage your risk! Even if your win rate is around 30-40%, solid risk management can keep you ahead in this business. Remember, protecting your capital is key to long-term success.
Wishing you all the best and happy trading! Stay disciplined and trade smart. 😊
Let’s break this down in a simple and friendly way. If you’ve noticed, gold is dropping even though the overall market is in an uptrend. Here’s what you can do:
1. Switch to the 2-hour timeframe and use my Supply and Demand Analyzer Indicator. You’ll see that the price has reversed from a fresh demand zone, which is a good sign.
2. Now, check the 30-minute timeframe. You’ll notice liquidity at the top, along with fresh supply zones. If the price continues to follow the overall trend, there’s a high chance it could move upward.
3. Always manage your risk! Even if your win rate is around 30-40%, solid risk management can keep you ahead in this business. Remember, protecting your capital is key to long-term success.
Wishing you all the best and happy trading! Stay disciplined and trade smart. 😊
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.