Hello guys,
I want to share with you my view on GOLD.
As you are already aware, Gold is in a big UPTREND on all the big timeframes, but it needs to correct. Speaking of, looking at the 4H chart the price already started a pullback and right now is consolidating for another drop. I am expecting this correction to develop in a similar manner with the one highlighted with the orange arrow
I will check out the price action and look for a bearish reaction at the FVG level highlighted on the chart in order to make an idea about the momentum.
If the price moves sideways around that area, I will avoid trading it and will wait for a strong bearish impulse followed by a correction because it can continue to go up. That would be my confirmation and I would only be interested in the sell setups. I will not get engaged in any buys from this level.
Rember: NO SETUP, NO TRADE!
Trade with care!
I want to share with you my view on GOLD.
As you are already aware, Gold is in a big UPTREND on all the big timeframes, but it needs to correct. Speaking of, looking at the 4H chart the price already started a pullback and right now is consolidating for another drop. I am expecting this correction to develop in a similar manner with the one highlighted with the orange arrow
I will check out the price action and look for a bearish reaction at the FVG level highlighted on the chart in order to make an idea about the momentum.
If the price moves sideways around that area, I will avoid trading it and will wait for a strong bearish impulse followed by a correction because it can continue to go up. That would be my confirmation and I would only be interested in the sell setups. I will not get engaged in any buys from this level.
Rember: NO SETUP, NO TRADE!
Trade with care!
Not
Yesterday we made a deeper pullback and as it stands we might get a bullish move towards our FVG area. 
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.