Backtesting for 13 Dec (Tue): Gold

Technical Analysis:

NO 1: BUY (107 PIPS)
Price respect the H1 Strong Support + M15 Precise (1779.87 - 1776.82) and went up for 107 pips. Price break H1 previous Resistance (1781.50, 1782.04, 1785.74). Trend is bullish.
Time: 03:00H (US Sesh)

NO 2: SELL (60 PIPS)
Price retrace at H4 QMS + H1 Strong Resistance + M15 QMS (1789.22 - 1788.27) and went short for 60 pips. Price did not break any H1 Support, so the trend remain bullish.
Time: 15:30 (London Sesh)

NO 3: BUY (416 PIPS)
Price went up 416 pips during Core CPI news, from zone H1 Strong Support + M30 QMB and for confluence, it respect the H1 Uptrend Trendline and breaks the H1 Downtrend Trendline, There has been M30 pullback and it spiked up during high impact news. Price was in strong momentum 2 hours afte news.

Total pips for 13 December: 583 pips

Fundamental Analysis:

News: Core CPI - Consumer Price Index
- To measure inflation.
- Inflation was low because people are cutting their spending for the upcoming holidays. So indicates that inflation may ease.
- USD weakens and other instrument like equity and commodities strengthen.

- Result of the news was not good for currency, hence Gold spiked up.

Technical and Fundamental analysis was in line. It was a success.