anyone who buys is pretty much shooting himself in the foot
Plan of action for today. Currently price is in a 1h range most likely because we have news coming up about unemployment claims so we're gonna have to wait and see what happens.
Hoping more volume will come into the market to see better moves. Personally I'm waiting to see if gold breaks bellow the 4h support area to continue pushing down. Buys are very difficult, I would wait until NY open or NYSE to see the move happen and make a decision then.
Gold Trade idea before London Open Currently in a range that has potential to break out and continue to bull run. Marked out zones where I'm expecting to enter based on what price action does. Worth keeping in mind that today is Bank Holiday for USD.
Mapped out the chart for what im looking to do after the news Super simple idea, wait for news and watch price action movement. Wait for 15min or 30min candle to close with a break out of structure and a possible continuation. Important to wait and see what NYSE volume is going to do after the market absorbs the news. Anyone wanting to gamble go right ahead...
My current thought on gold price action. Expecting price to range before the news and my initial thoughts is if we break above or bellow the "no trade range" I would take a trade based of the candle close in that direction. If youre a super risky trader then go with buy stops and sell stops and pray you wont get slipped but personally I will wait for candle to...
Hit a new high and now its about to drop Price made a big move but now its about to go down Please rep so, much appreciate it