Hi Everyone,
Will the story repeat itself?
Gold has been in an uptrend and at the time of publishing this idea, we are less than 30 minutes away from some high-impact news!
If we look back at the charts, Gold has created a pattern on its way up: find a support, get some traders excited about the opportunity to buy with stops just below this support, then come back to grab liquity and shoots up!
Now, will the story repeat itself? From a probability perspective, yes, it is very likely.
I'm hoping to see some quick whip to the downside to grab liquidity and then resume its way up!
It can either be around 2030 area, where there is an order block, or 2020 area just above a key level.
Stops should be below 2010 to be safe, you would be protected by the trendline, the order block as well as the key level.
For now, we wait and see! Use proper risk management and good luck!
What's your thoughts for Gold? Let me know!
Gaspar_Trader
Will the story repeat itself?
Gold has been in an uptrend and at the time of publishing this idea, we are less than 30 minutes away from some high-impact news!
If we look back at the charts, Gold has created a pattern on its way up: find a support, get some traders excited about the opportunity to buy with stops just below this support, then come back to grab liquity and shoots up!
Now, will the story repeat itself? From a probability perspective, yes, it is very likely.
I'm hoping to see some quick whip to the downside to grab liquidity and then resume its way up!
It can either be around 2030 area, where there is an order block, or 2020 area just above a key level.
Stops should be below 2010 to be safe, you would be protected by the trendline, the order block as well as the key level.
For now, we wait and see! Use proper risk management and good luck!
What's your thoughts for Gold? Let me know!
Gaspar_Trader
L.G
