gold is ranging between 2900-2930

what we witness from gold on 5th of march was trap sellers and buyers with 3 fakeouts.

1. fakeout buy after broke 2 resistance
2. fakeout sell after broke 2 support
3. fakeout buy again to 2929 pullback into the zone of the openeing candle of the day.

so this is my game plan for today.

as long as gold do not break resistance and support i am going to buy at support and sell at resistance. until we can see true breakout and pullback to either support becomes resistance or resistance becomes support.

my TP will in the middle of the range and sl 1:2 ratio.

be mindful we are very close to the area of the bearish weekly engulfing candle area 2937-39.

a strong rejection either here or near ATH is expected to happen.