My analysis for gold.
Will enter depending on the confirmations on price action i see on the lower timeframes
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
Will enter depending on the confirmations on price action i see on the lower timeframes
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
Trade active:
Has been respecting the levels amazingly well so far. Had a nice break and retest on the first zone leading to a nice 160+pip drop to the next zone. Same happened with that zone to the following.
I am personally looking for gold to start going up now. I am already in buys and am looking to swing this buy up to 2000$+ and new ATHs.
This is obviously a longer term play for gold and I will be looking for this to complete sometime early next year.
However, due to the nature of gold and its volatility we could see gold making major moves up in less time than that.
The only thing that is off for me is the fact that we have untouched equal lows at the bottom around the 1677-1675 level. This indicates we have huge liquidity down there which could get reached but I am not too bothered by this.
I am personally looking for gold to start going up now. I am already in buys and am looking to swing this buy up to 2000$+ and new ATHs.
This is obviously a longer term play for gold and I will be looking for this to complete sometime early next year.
However, due to the nature of gold and its volatility we could see gold making major moves up in less time than that.
The only thing that is off for me is the fact that we have untouched equal lows at the bottom around the 1677-1675 level. This indicates we have huge liquidity down there which could get reached but I am not too bothered by this.