Gold has been moving really nicely & giving some nice get in and get out setups. Overall;
Awaiting for a rise to the 1832-1835 area, and a break upside 1820 would be a good sign that it is moving toward the area.
For now, what I am looking is an entry around the 1805 zone, which I expect price to go retest back there before it would move up. And having doing it showing weak selling volume, is what I am looking for.
A break back under 1804 showing selling coming back in would make me look to sell scalp to the 1790 area, being careful doing so since the 1790-1800 zone have been an important buying interest zone historically & since supply got absorbed there nicely the last time it wicked testing the zone.
Going under 1790 on heavy driven supply volume would make me look for the 1865 as next target.
Daily
Weekly
Awaiting for a rise to the 1832-1835 area, and a break upside 1820 would be a good sign that it is moving toward the area.
For now, what I am looking is an entry around the 1805 zone, which I expect price to go retest back there before it would move up. And having doing it showing weak selling volume, is what I am looking for.
A break back under 1804 showing selling coming back in would make me look to sell scalp to the 1790 area, being careful doing so since the 1790-1800 zone have been an important buying interest zone historically & since supply got absorbed there nicely the last time it wicked testing the zone.
Going under 1790 on heavy driven supply volume would make me look for the 1865 as next target.
Daily
Weekly
Trade closed: target reached