Gold Intra Day Plan
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Scenarios Presented:
Scenario 1: A minor pullback followed by a continuation higher.
Scenario 2: A deeper retracement into the blue zone (key demand) before resuming the bullish trend.
Scenario 3: A bearish breakdown, with price invalidating demand zones and targeting the daily gap below.
Key Levels:
Upside Targets: 2639 (previous Day high) and 2644 (potential resistance further up).
Downside Targets: 2621 (daily gap fill), and 2607 (structural low).
Market Context:
The overall mid/short-term trend remains bullish, but signs of exhaustion could lead to a good pullback today.
Liquidity Zones: The high around 2639 is attractive for liquidity sweeps, and the gap below is a great target for the move giving us a great RR.
Trade safe and manage risk carefully!
Scenario 1: A minor pullback followed by a continuation higher.
Scenario 2: A deeper retracement into the blue zone (key demand) before resuming the bullish trend.
Scenario 3: A bearish breakdown, with price invalidating demand zones and targeting the daily gap below.
Key Levels:
Upside Targets: 2639 (previous Day high) and 2644 (potential resistance further up).
Downside Targets: 2621 (daily gap fill), and 2607 (structural low).
Market Context:
The overall mid/short-term trend remains bullish, but signs of exhaustion could lead to a good pullback today.
Liquidity Zones: The high around 2639 is attractive for liquidity sweeps, and the gap below is a great target for the move giving us a great RR.
Trade safe and manage risk carefully!
Note
And SCENARIO 4 would be to sweep 2627 Low and reverse from there to the upside...Note
I hope you guys were able to catch Scenario 1 as it is now closing up during Frankfurt opening, London might take it up to 2639. Once there look for MSS on M1 to enter scenario 3. NYSE should take it to the TP area. Trade safe!!Trade fermée: cible de profit atteinte
Scenario 3 was the best move of the day, trade closed at 120 pips profit but I believe it should reach final target. See you all next week, until then trade safe!!
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