Gold failed to break above the Developing POC resistance and is now pulling back toward the demand zones marked on the chart.
At 3331.8, we entered a short position after the day's low was swept on the 3-minute timeframe, combined with our entry confirmations — resulting in a clean 1:3 R:R ✅
Now we’re waiting for price to reach the demand zones. If we get confirmation on lower timeframes, we’ll be looking to enter a long position.
🔔 The deeper price pulls into the lower demand zones, the better the long setups become, allowing us to consider increasing our risk from 1% to 3%, given a solid setup and momentum.
🔍 Insight by ProfitaminFX
If this outlook aligns with your bias, or if you see it differently, feel free to share your perspective in the comments. Let’s grow together 📈
At 3331.8, we entered a short position after the day's low was swept on the 3-minute timeframe, combined with our entry confirmations — resulting in a clean 1:3 R:R ✅
Now we’re waiting for price to reach the demand zones. If we get confirmation on lower timeframes, we’ll be looking to enter a long position.
🔔 The deeper price pulls into the lower demand zones, the better the long setups become, allowing us to consider increasing our risk from 1% to 3%, given a solid setup and momentum.
🔍 Insight by ProfitaminFX
If this outlook aligns with your bias, or if you see it differently, feel free to share your perspective in the comments. Let’s grow together 📈
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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.
Related publications
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.