Gold created nice resistance at the daily open. Rejections with a nice top wick can lead to sells to continue if break and close below 1853.10 on 30Min or 1H. Since the daily bias is a bullish,take profit as you go because it could turn anytime.
Good luck and Goy shaa
Good luck and Goy shaa
Comment:
importance of candle closure is shown here. Buys above 1856 play crate support and break of resistance on small timeframe is the play.
Comment:
if we close back in the range below 1855.40, i would reconsider taking a buy on gold. may take smaller position because it could be a fake out and drive down with london volume.
Comment:
still need min30 or 1H closure below 153.10. nice wick down LL would be a great entry.
Trade active:
entry 1853.34
Comment:
closed 50%
Trade active:
stop loss break even 80% closed, 20 running until 1840sh area
Trade closed manually:
done for the day