🔱 GOLD TRADE IDEA 🔱
BIAS: Bullish
FUNDAMENTAL BIAS: Bullish
Most central banks hiking interest rates by 50 bps- balancing the demand that may come from the inflation hedgers.
USD is mixed as FEDS think inflation is at its peak whilst the latest CPI data shows an increase in the UK.
The tussle in Eastern Europe between Russia & Ukraine underlines the demand for safe haven Gold.
TECHNICAL BIAS: Bullish
BIAS: Bullish
FUNDAMENTAL BIAS: Bullish
Most central banks hiking interest rates by 50 bps- balancing the demand that may come from the inflation hedgers.
USD is mixed as FEDS think inflation is at its peak whilst the latest CPI data shows an increase in the UK.
The tussle in Eastern Europe between Russia & Ukraine underlines the demand for safe haven Gold.
TECHNICAL BIAS: Bullish
Comment:
Capitalising on BUYS & SELLS at areas of interest.
You can utilise these ideas for extra confluence to your own trading style:
As price approaches these marked AOI, you should be able to see the market generate and accumulate price and according to your:
-Strategy
-Execution pattern
-Market psychology
-Market timing & price points
-Time frame correlation
-Orderflow
-Risk to reward
If you haven't even got these BASIC market understanding in check, YOU SHOULD NOT be trading. YOU ONLY HAVE YOURSELF TO BLAME. TRADE WITH STRATEGY & NOT EMOTION.
Capitalising on BUYS & SELLS at areas of interest.
You can utilise these ideas for extra confluence to your own trading style:
As price approaches these marked AOI, you should be able to see the market generate and accumulate price and according to your:
-Strategy
-Execution pattern
-Market psychology
-Market timing & price points
-Time frame correlation
-Orderflow
-Risk to reward
If you haven't even got these BASIC market understanding in check, YOU SHOULD NOT be trading. YOU ONLY HAVE YOURSELF TO BLAME. TRADE WITH STRATEGY & NOT EMOTION.
Currently up 80+ pips from area of interest