Dear Traders,
For this that have been following, my idea, you would notice that I mentioned that if the bulls are really serious, they move the market above 1940 and then 1957. Both Levels got broken to the upside since 12th July and Gold has been trading above 1952 testing 1962+ in the early trading hours of the day.
I got into my Buy trade at 1941.75 via a buy-stop and added another position at 1957.5 and currently running risk-free on the two Positions.
It is not advisable to jump into a buy or sell trade at the moment. Safet Buy Zone is between 1933 & 1940 and the safe sell Zone is between 2001 & 2022. There is a fair value gap on the daily within the 2001 & 2022 zone with a "Bearish Order Block" that is yet to be mitigated which makes the zone very valid for a sell.
It is better to wait for either the buy or sell zone or just continue to watch out for price action until you are comfortable getting into a trade based on your trading strategy.
Trade safely and apply proper risk management
For this that have been following, my idea, you would notice that I mentioned that if the bulls are really serious, they move the market above 1940 and then 1957. Both Levels got broken to the upside since 12th July and Gold has been trading above 1952 testing 1962+ in the early trading hours of the day.
I got into my Buy trade at 1941.75 via a buy-stop and added another position at 1957.5 and currently running risk-free on the two Positions.
It is not advisable to jump into a buy or sell trade at the moment. Safet Buy Zone is between 1933 & 1940 and the safe sell Zone is between 2001 & 2022. There is a fair value gap on the daily within the 2001 & 2022 zone with a "Bearish Order Block" that is yet to be mitigated which makes the zone very valid for a sell.
It is better to wait for either the buy or sell zone or just continue to watch out for price action until you are comfortable getting into a trade based on your trading strategy.
Trade safely and apply proper risk management
FINSPOT ACADEMY