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!
Comment
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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
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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.