Gold Long Position Using Volume Profile ( Visible Range )

For this position, I waited for the bottom of the trend to form. From there, my pre-confirmation of entry is the two smoothed moving averages, periods 7 and 14 squeezing together. The next point of confluence was market price coming near the 33 smma (smoothed moving average). In order to pinpoint exact areas of price, you must switch over to the candlestick chart, and there you will see that the wicks touched the 33 smma several times. After that particular price cycle, price came down, possibly due to news ( hence the intensity of and impulsiveness of the move), before climbing upwards and breaking through the 33 smma to start an upwards price cycle. Awaiting a T/P of 1504. One confirmation to hold was the fact that the 7 smma crossed north through the 14 smma, and although price did impulsively drove, the 7 smma stayed above the 14 smma. The final point of this review is the levels of t/p that will coincide with the previous levels of volume. First t/p is 1504, second t/p is 1509, third t/p is 1517, and fourth t/p is 1524 if the trend does respect my concept.