As You can see some fundamentals features moved GOLD aggresively on earlu London session. Now price passed thru whole KC on H1 TF staying outside upper border. Lower possibility to retrace it to the middle but as always with fundamentals price can back very past to 61% range. As a natural bull I will take it as a bullish wedge and will search for a buy in upper or mid KC. If the price will back under 281 (50%) this will be a sign for furter downside. Good luck.
Trade active:
I've opened buy after bullish H4 closing.
Trade closed manually:
Right on 38% I closed my intraday buy which I took today and opened sell posession seeing that it will go to 281-282 when TP order will close my intraday sell. Still Im keeping 1 buy and one sell taken earlier. Seeing PA over the 281 (50%) im more bullish for tomorrow. Tomorrow friday, mostly are greens but to confirm bullish bias we need to see weekly pinbar hammer candle with long tail. Good luck
Comment:
It just kissed 282.14 (61% retr.) which actually didnt closed my yesterday sell (TP is on 281.50). I'm moving my SL to 50% of that swing to get less profit if price will want to reverse and deleting my TP thinking that London will generate more downside.