Continuing the strong bullish momentum Gold has had the past few weeks we can expect a pullback towards the mentioned areas where we can take High Risk High Rewards buys and squeeze a good amount of pips. The pullbacks will have to do with EOM profit taking looking at it from a Fundamental perspective so that Gold can setup to continue it's trend in June. Price will be brought back down to demand areas so that buyer's can purchase at a much better price. Be on the lookout for the blue circle areas which are zones to take buys if it respects the price. Analyze price action on 1-minute time frame in order to determine volatility and strength.
Good luck!
Good luck!
Comment:
Took buys at 1902.809 up to 1906 and secured 80% of my position leaving a runner at BE. The reason for securing partials is because 1906 is a rejection zone so be aware of possible shorts back to 1903.
Trade closed: target reached:
Who else caught the 40 pip scalp from 1893 PPL? As forecasted previously Gold likes to respect key levels and bounces off of them. Closed all positions entirely.
Thank you!
Thank you!