my previous entry touched my stop loss, and it reached the diagonal line as previously mentioned. once it reached the diagonal line i looked for new set ups, and I am still looking for a short. My previous mistake was not waiting for confirmation before entering, so instead I have decided to wait for my confirmation which is it hitting the support line. If it...
I have analysed this more based on supply and demand. I have looked for big buys and big sells until it seems like supply and demand are equal, and then there were more sells than buys , also following a downtrend and key areas of support and resistance. This is also the lowest point gold has been since march, so is a very key area of resistance but it doesnt...
I highligted key areas of support and resistance and looked for the big buys and sells which represent high demand and supply. Although it looks like a downtrend, the last big buy was significantly larger than the last sell, and it has already made its move to the downside, so I think it has to go up for it to go back down. I wont be entering this trade as there...
I have attempted to use Wyckoff fro gold, and have looked at main areas of support and resistance. The area of interest hasnt been touched since March, so I believe it is a key area on the downside. It also is following a downtrend, so I think it will go down to that key area, and then bounce back up as it is a key resistance area.
