Thetraderscollective

Thetraderscollective

With Gold having a near 100 pip move over Asian session and stalling now at c2625 key level we are at a area of importance where we have to wait and see where gold will go. Trade ideas: Bullish: - If we pullback to 2612 area and fail to break lower that could give us the momentum we need to break through 2627-30 liquidity zone to retest higher areas of interest...

Thetraderscollective

On the daily gold has created a head and shoulder pattern beginning September with a left shoulder c1826 and a head for most of November around 1864. 1826 has been a zone that gold has rejected consistently since July 2021 apart from in November to create the head and the last time it tapped that zone was last week with today showing clear signs of rejection and...