XAUUSD Outlook 4/8/23 Did you survive the range? ❌
Good evening gold gang!! .. wow what a rangey day lol .. i still got the win in london and NY but no volume to push.
Days like these occur around big news events .. the market is tentative with not many orders coming in and out. So we wait for the range to break. Did you notice it was ranging around my price level all day??
range days are designed to shake retail traders out and lose due to impatience. The brokers love it! I stay disciplined only taking my set ups and using tight risk management methods
Buy and sell zones remain the same. Reversal zones too. Tomorrow is the big day!!
As for price predictions, i dont believe in them as the news is heavily manipulated .. so we let it do what it wants and then enter afterwards. Another thing about news trading on the announcement is spread and slippage .. both these will damage your account massively. So dont.
Follow along for constant gold updates .. join the gold gang!!
catch you in london
tommyXAU
Days like these occur around big news events .. the market is tentative with not many orders coming in and out. So we wait for the range to break. Did you notice it was ranging around my price level all day??
range days are designed to shake retail traders out and lose due to impatience. The brokers love it! I stay disciplined only taking my set ups and using tight risk management methods
Buy and sell zones remain the same. Reversal zones too. Tomorrow is the big day!!
As for price predictions, i dont believe in them as the news is heavily manipulated .. so we let it do what it wants and then enter afterwards. Another thing about news trading on the announcement is spread and slippage .. both these will damage your account massively. So dont.
Follow along for constant gold updates .. join the gold gang!!
catch you in london
tommyXAU
Comment:
no updates gang we are awaiting the news
Comment:
level respected perfectly .. updated sell position
