yesterday NY session we did see gold bounce of a major 4 hour support area, & buyers coming into the market
with the current situation in the US market & with the DXY pushing down, there is a good chance that gold will be pushing higher.
opportunities on gold happen london & the crossover with the new york session, be mindful of
NFP & the fed announcement also at 4 pm.
i will be looking for buys around the 3.08.00 area, which lines up perfectly with the 0.71 fibbonacci level. extra comformations/ i would want to see a bullish engulfing or another candle formation that is showing bullish price action around this area, before i enter the trade.
we may get an early entry london open, or around NFP news release at 1.30 pm
please feel free to comment & send me your own mark up, ideas.
with the current situation in the US market & with the DXY pushing down, there is a good chance that gold will be pushing higher.
opportunities on gold happen london & the crossover with the new york session, be mindful of
NFP & the fed announcement also at 4 pm.
i will be looking for buys around the 3.08.00 area, which lines up perfectly with the 0.71 fibbonacci level. extra comformations/ i would want to see a bullish engulfing or another candle formation that is showing bullish price action around this area, before i enter the trade.
we may get an early entry london open, or around NFP news release at 1.30 pm
please feel free to comment & send me your own mark up, ideas.
Trade active
we got the entry on gold london session, 6 % gain over 2 accounts, NFP news release may give another entry.
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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.