I'm seeing a very bullish move on gold coming. We've had a stop hunt / LQ grab for this push down with a fake-out break of structure to the downside. The entry is the gold low from December 22nd. and the target is the 70.5% retracement of the push down.
The current POC of gold and overall volume control is at the 1823 range so this would favor a push to the upside also to grab liquidity for the next move.
The current POC of gold and overall volume control is at the 1823 range so this would favor a push to the upside also to grab liquidity for the next move.
Trade active:
Currently running in profit with 110 pips and I closed out 50% of the position at 1798 on Friday for 130pips. Held the other 50% with stop at breakeven over the weekend hoping for a bullish continuation week commencing January 10th.