Gold Analysis - 20/02/2024
Gold is still generally Bullish
A Pullback is expected to happen on Gold with two Supply POIs present for the price to sell from.
The first SC was invalidated by CAD News, so I am looking for an entry on the one above.
Entry Supply Range 2030.5 to 2033.5
.. Would be considering a manual entry should price find it hard to activate the POI and manage my trade accordingly.
Gold is still generally Bullish
A Pullback is expected to happen on Gold with two Supply POIs present for the price to sell from.
The first SC was invalidated by CAD News, so I am looking for an entry on the one above.
Entry Supply Range 2030.5 to 2033.5
.. Would be considering a manual entry should price find it hard to activate the POI and manage my trade accordingly.
Transaction en cours:
Trade is active but Gold is pissing me off today ... Behaving like NZDUSD
Commentaire:
This is the first with Gold ... There is a battle of the stronghold going on in that Supply area. - for more than 3 hours
Transaction en cours:
PATIENCE IS KEY
XAUUSD really tested it today.
XAUUSD really tested it today.
Transaction en cours:
Gold Retested the Supply we are selling from and it is dropping now
Commentaire:
I might manually close this trade since the trade is indecisive.
Though its showing exhaustion on the 2H, I hardly stay this long in a trade without being in profit of about 100+ pips or at best stopped out
Though its showing exhaustion on the 2H, I hardly stay this long in a trade without being in profit of about 100+ pips or at best stopped out
Commentaire:
Gold really tested my patience with this trade
Trade fermée manuellement:
I am out of all Sell trade in 80+ pips profit. I don't trade FOMC