GOLD: Day 3 breakout traders long in the market, NFP week

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“Trade setups, not movements”

1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)

• Monday DAY 1 Opening Range
  
• Tuesday DAY 2 Initial Balance
  
• Wednesday DAY 3 (reset DAY 1) Mid Point Week
  
• Thursday DAY 2
  
• Friday DAY 3 Closing Range ✅ day 2 cycle
  

2. SIGNAL DAY

• First Red Day
  
• First Green Day
  
• 3 Days Long Breakout
  
• 3 Days Short Breakout
  
• Inside Day
  

3. WEEKLY TEMPLATE

• Pump&Dump ✅
  
• Dump&Pump
  
• Frontside
  
• Backside ✅
  

4. THESIS:

• Long: secondary, this market can keep going lower until news release in NY session, for a NYO or third hour reversal
  
• Short: primary, looking for a pump back up into the yesterday LOD at least, taking a potential market continuation going to stop the LOW, where traders long are in profit since monday.
  

Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni

Commentaire:

Price is in a box, my level of interest are yesterday LOD or current LOD

Commentaire:

Expected for some entry, but NFP did not forgive anybody today.. PUMP AND DUMP