Gold
Daily chart, we have recently seen alot of consolidation.
I am looking carefully at price if it trades into the green shaded area, this area will attract alot of institutional attention, I expect price to trade into this area before we should consider longs.
Reality is anything can happen in trading, so we need to also look for lower time frame breaks of structure to build a narrative. If this happens, its likely the pullback could start to be fading and we can then consider swing long positions.
Im bearish until price shows me its bullish intentions. Unfortunately you will fine with supply and demand trading, alot of really nice and clean setups will form counter trend and be traded through, whereas the pro trend trade setups do not seem as clean in real time, only in hindsight. Train your mind to see them.
Daily chart, we have recently seen alot of consolidation.
I am looking carefully at price if it trades into the green shaded area, this area will attract alot of institutional attention, I expect price to trade into this area before we should consider longs.
Reality is anything can happen in trading, so we need to also look for lower time frame breaks of structure to build a narrative. If this happens, its likely the pullback could start to be fading and we can then consider swing long positions.
Im bearish until price shows me its bullish intentions. Unfortunately you will fine with supply and demand trading, alot of really nice and clean setups will form counter trend and be traded through, whereas the pro trend trade setups do not seem as clean in real time, only in hindsight. Train your mind to see them.