Hello traders, GOLD is setting up for a long position opportunity watch GOLD in a mentioned area according to your own trading strategy and look for a long position opportunity.
I am waiting for price to come around my white box mentioned area and looking price action there for a long position opportunity, the area that i mentioned with the white box is also around 0.618 retracement of a previous impulsive move and the previous low that i mentioned with a little red box is my stop level, if price break that low then i will be not looking for a buy setups anymore. (close my laptop, enjoy my day and come back later)
Remember : price can go directly to the target area from current market price as well without hitting our mentioned white box area if in case it happened then i will be let it go. (no trade is better than a losing trade)
This is my view and analysis about GOLD.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.
I am waiting for price to come around my white box mentioned area and looking price action there for a long position opportunity, the area that i mentioned with the white box is also around 0.618 retracement of a previous impulsive move and the previous low that i mentioned with a little red box is my stop level, if price break that low then i will be not looking for a buy setups anymore. (close my laptop, enjoy my day and come back later)
Remember : price can go directly to the target area from current market price as well without hitting our mentioned white box area if in case it happened then i will be let it go. (no trade is better than a losing trade)
This is my view and analysis about GOLD.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.