Kav1ka

Price Action On Gold/USD

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Today we had a bullish close on Gold , however,... based on the weekly chart momentum is slightly bearish . We're anticipating a strong move in either direction. So here's how we anticipate whether to go long or short.

📈Long: Price moves down to 1776. xx (marked on the chart) in the first few hours of the trading session. (setting a low of the day)
📉Short: Price moves up to our entry in the first few hours of the trading session. (setting a high of the day)

...and that's it!

Happy Trading folks!

Cheers!
Comment: Some adjustment on the short setup! :)
Comment:
Trade closed manually