Hey everyone this is Nathima,
please check out the update on gold for now there are two scenarios let discuss the first one
First things first last night in NYSE gold pushed harder and swept all the liquidity resting over the highs then it started retracement and retraced a bit and today when asian opened it came all the way long and filled all the imbalance caused by the bullish move upside so there are two scenarios now:
Now gold is in a clear range from 2375 to 2391
Scenario 1: gold is in range in this scenario if gold breaks below the range and close in m30 and the very next candle just wick up a little and starts to break the low the previous candle we can anticipate that there will be potential sells
Scenario 2: gold is in range in this scenario if gold breaks above the range and close in m30 and
the very next candle just wick down a little and starts to break the high of the previous candle we can anticipate that there will be potential buys
BEARISH TARGETS:
2369.50
2361.00
BULLISH TARGETS:
2409.50 (this is a big target so we can manually managed this)
please check out the update on gold for now there are two scenarios let discuss the first one
First things first last night in NYSE gold pushed harder and swept all the liquidity resting over the highs then it started retracement and retraced a bit and today when asian opened it came all the way long and filled all the imbalance caused by the bullish move upside so there are two scenarios now:
Now gold is in a clear range from 2375 to 2391
Scenario 1: gold is in range in this scenario if gold breaks below the range and close in m30 and the very next candle just wick up a little and starts to break the low the previous candle we can anticipate that there will be potential sells
Scenario 2: gold is in range in this scenario if gold breaks above the range and close in m30 and
the very next candle just wick down a little and starts to break the high of the previous candle we can anticipate that there will be potential buys
BEARISH TARGETS:
2369.50
2361.00
BULLISH TARGETS:
2409.50 (this is a big target so we can manually managed this)
Comment:
Hey traders price is in range all the way in pre london also there is now volume in london open lets see where it takes us, keep in mind that there's a tough situation going between iran and israel so trade safely anytime gold will make a run
Trade closed: target reached:
Hello traders i got the buys but when i saw the price movement was not good i closed manually and it went down and actually activated my sells and it went to tp 1 and tp 2 smoothly