Intraday 1202 become more of a keylevel. I am in sell from it based on last idea. But if taken out I go out of sell.
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Based on some BL3 class and BL4 class Gold transitions and phases we have a chance to see 1208. Keep that in mind, that being said 1202 can be taken out.
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Gold price for now not willing to cross MDP from weekly Sentiments, and chance getting bigger price go for 1208. postimg.org/image/g2scgomwj/ I think I close the sell maybe and go long.
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Based on update above I decide to risk the longs and price may see that 1208. Keep in mind that 1202 - 1204 is stronger monthly level that can keep the price away from seeing its intraday target 1208. postimg.org/image/jpdon6crh/
I move the SL to BE for this long. It is based on Sentiments and transitions but still Monthly levels are stronger, but lets see how it unfolds.
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Had to leave for emergency situation and didn't set BE nor SL for my long trades because price cross one Transition Now I come back and see great shakeout but price back on transition again. Transition is the king!