Yesterday's session kicked of with my previous (Sunday's) prediction's Scenario 1, with the Asian session bull from the market open. The Euro session pulled back about 0.60% to the 1H SMA20 to let the US bounce to complete half the intended 2000$ target this week already. 😮 Madness!
Today I foresee the 2000$ target falling by the end of the US session grind. We are still riding the 1H 20 SMA, but to enter today I will wait for a rebound from the respected 15M SMA50. Minor lulls/consolidations in the market price can also be used but are risky, yet profitable. Do your own analysis.
Entering the market at the right time will give you a better risk - reward ratio, and allow you to put manageable stop losses in turn increase your daily profits. With Gold so Bull bias, Pls do not enter bear mode blindly without solid Resistances, and falling Supports, Too many traders are crying "Wolf"!
Trade probability not profitability 🖖
Today I foresee the 2000$ target falling by the end of the US session grind. We are still riding the 1H 20 SMA, but to enter today I will wait for a rebound from the respected 15M SMA50. Minor lulls/consolidations in the market price can also be used but are risky, yet profitable. Do your own analysis.
Entering the market at the right time will give you a better risk - reward ratio, and allow you to put manageable stop losses in turn increase your daily profits. With Gold so Bull bias, Pls do not enter bear mode blindly without solid Resistances, and falling Supports, Too many traders are crying "Wolf"!
Trade probability not profitability 🖖