Tradius_Trades

GOLD Long Idea

Long
COMEX:GCJ2024   Gold Futures (Apr 2024)
-This week I've had an overall bullish bias for Gold to head to the PWH after we put in a fractal swing low on the weekly, confluence with wicking below several weekly lows.

-Although today's Daily candle close isn't super strong, I'm still leaning towards looking for longs.

-Daily candle rejected from the Daily +OB again, and also failed to displace and close below Tuesdays Low.

-I am targeting Wednesdays high, and the PWW.

-I want to see H4/H1 discount arrays being respected, followed by a displacement entry confirmation on M15/M5.
Comment:
I neglected to include another potential area to long from on the H4.

There is an inverse fair value gap between 2043 and 2042. Will be watching this area for H4 to respect, and then hunt long.
Comment:
Price has traded to the H4 bullish orderblock and bullish h4 fvg. I do not want to see this h4 candle close below 50% of this range (2038.1 to 2038.2). Waiting for now.
Trade closed: target reached:
PDH Target Reached. Price had a nice respect of the h1 +OB and + FVG. Followed by a M5 bullish shift with displacement. Want to see an expansion to previous weekly high now.