The overall bias on gold is still bearish, however with the new weekly candle close and the monthly candle about to close, I expect the price to push a bit higher before the fall. Gold recently tested a +OB and sell-side liquidity area, which it has difficulty breaking. The gold area is a 30 min FVG, I'm waiting to see the Gold test this area before the rise to the 2Hr FVG.
Will update this idea as time goes by.
This is my current short-term trade idea for next week's start. If you want a full in-depth breakdown of my overall trade bias and breakdown of gold for next week and why I selected certain areas, please follow the link to my notion where I do my journaling. I update each date before and during a trade to ensure I get all the notes.
Will update this idea as time goes by.
This is my current short-term trade idea for next week's start. If you want a full in-depth breakdown of my overall trade bias and breakdown of gold for next week and why I selected certain areas, please follow the link to my notion where I do my journaling. I update each date before and during a trade to ensure I get all the notes.
Comment:
Full breakdown: www.notion.so/zaria-...4f85b6f7892c2148b18f
Trade active:
Entered trade at 1643.03 due to slippage, Also managed SL manually and ended up moving it to 1640.03.