I'm not really liking how gold looks this morning. There seems to be a significant imbalance, so I’m definitely considering that it will be filled. I plan to look for long positions into the imbalance before considering short positions out of it. However, right now, the 5-minute chart appears quite messy. I need to wait for a clear trend to develop on the lower...
I wish to inform you that I will conclude my activities for today. However, I will return tomorrow at 7 AM to provide further analysis and present additional trade ideas. I look forward to engaging with you all then.
It seems that gold has some imbalances to address before continuing its bullish momentum. Be patient and wait for clear rejections and bullish momentum candles before entering.
Here’s a concise summary of a trading idea I presented earlier, highlighting its potential benefits and reasons for consideration.
Before proceeding with a LONG position, it is important to observe a liquidity grab from the lows in this bullish trend. This analysis will help ensure a more informed entry point.
There's an imbalance I'd like to see filled on the 1-hour time frame, but to go long, I need these three things to happen first on the 5-minute time frame.
Gold is currently in a significant area of interest. I am looking for a market reaction before entering a trade, specifically a bullish engulfing candle on the one-hour time frame or a breach of the four-hour support zone. Additionally, I have noted an imbalance that I expect to be filled. TradingView does not permit posting content under the 15-minute interval....
I called this trade step by step and posted it in my private posts not that long ago but still managed to miss it! 😂 It happens, I literally went to turn on the kettle and make a tea!
My first take profit (TP) is set at 2,704.50, followed by 2,710.43. I have a strong belief that when the pullback occurs, the price will fall swiftly. I’m focused on the 5-minute time frame, ready to embrace the moment when it shifts and begins to trend down.
Here’s a straightforward gold trading setup utilizing my preferred SMC trading strategy.