Buy on gold?
Are we turning bullish on gold?
After taking the market at the complete oposite direction, I sat behind the graph and started from the beginning.
We know we are bulllish at 4h and 1h frame, but as we go down we see a bearish trend which is coming to an end.
It's turning into a consolidation and we are hitting some strong trend lines (where the price lost its pace previously)
We will take these zones as support zones ( 2382 and 2372) to see how the price reacts on those, if we see a reaction well take it as a signal and try taking the perfect entry. If not, fingers away from the market!
Essentally what I am trying to do here, is follow the movement, look for my confirmations like gabs, liquidity, imbalances etc..
So, my take would be to wait on those confirmations and then place a buy limit or a buy stop between 2375 and 2385 aiming for my POI at 2405 and then 2430
!! Not a suggestion to copy trade, these are only my ideas and thoughts and its all pure speculation !!
After taking the market at the complete oposite direction, I sat behind the graph and started from the beginning.
We know we are bulllish at 4h and 1h frame, but as we go down we see a bearish trend which is coming to an end.
It's turning into a consolidation and we are hitting some strong trend lines (where the price lost its pace previously)
We will take these zones as support zones ( 2382 and 2372) to see how the price reacts on those, if we see a reaction well take it as a signal and try taking the perfect entry. If not, fingers away from the market!
Essentally what I am trying to do here, is follow the movement, look for my confirmations like gabs, liquidity, imbalances etc..
So, my take would be to wait on those confirmations and then place a buy limit or a buy stop between 2375 and 2385 aiming for my POI at 2405 and then 2430
!! Not a suggestion to copy trade, these are only my ideas and thoughts and its all pure speculation !!
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.