There is intresting situation on Gold right now:
1) There is SMT with futures(on futures price went higher than previous high from November 13th
2) Have a lot of liqudiity down below which usually means that this liqudiity will be taken
3) strong uptrend on LTF
taking in consideration these factors and that it will be beginign of the month on Monday i will be looking for manipulation at market opening. If i see trend shift on LTF i will be looking for short position till 4110 area (4h OB) , if this wont happen i simply gonna skiip trading GOLD this week.
When price action is not clean and when its hard to see clear picture better to avoid such trade and just watch.
Like and follow if you like my analysis
1) There is SMT with futures(on futures price went higher than previous high from November 13th
2) Have a lot of liqudiity down below which usually means that this liqudiity will be taken
3) strong uptrend on LTF
taking in consideration these factors and that it will be beginign of the month on Monday i will be looking for manipulation at market opening. If i see trend shift on LTF i will be looking for short position till 4110 area (4h OB) , if this wont happen i simply gonna skiip trading GOLD this week.
When price action is not clean and when its hard to see clear picture better to avoid such trade and just watch.
Like and follow if you like my analysis
Almenio_WTF
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Almenio_WTF
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.