In my previous post, I mentioned that I would be watching how price reacts around the 4321 OB once it gets there.
It took almost two days, but price has finally reached the level.
Right now, 4321 OB is acting as support. From my current structure, I’m not seeing much reason for price to trade significantly below it, especially with BSL (Buyside Liquidity) sitting around 4513 and 4632.
PPI came in during the move, but fortunately, it didn’t create much disruption. Instead, the volatility helped price reach the OB faster.
One thing I’ve also been paying attention to throughout this trade is execution. I haven’t experienced noticeable slippage while trading Gold on Bitget so far, and the depth of liquidity has made the execution experience fairly smooth for me. The KCGI environment has also added another layer to the trading experience.
Today is Day 2, and I’m currently leaning bullish from this area.
I’ll continue documenting my trading journey as I trade Gold over the next two weeks — not as a signal, but simply to share the progress and what I’m observing along the way.
NFA. Hopefully, following the progression helps some of you study the setup and the price delivery with me.
It took almost two days, but price has finally reached the level.
Right now, 4321 OB is acting as support. From my current structure, I’m not seeing much reason for price to trade significantly below it, especially with BSL (Buyside Liquidity) sitting around 4513 and 4632.
PPI came in during the move, but fortunately, it didn’t create much disruption. Instead, the volatility helped price reach the OB faster.
One thing I’ve also been paying attention to throughout this trade is execution. I haven’t experienced noticeable slippage while trading Gold on Bitget so far, and the depth of liquidity has made the execution experience fairly smooth for me. The KCGI environment has also added another layer to the trading experience.
Today is Day 2, and I’m currently leaning bullish from this area.
I’ll continue documenting my trading journey as I trade Gold over the next two weeks — not as a signal, but simply to share the progress and what I’m observing along the way.
NFA. Hopefully, following the progression helps some of you study the setup and the price delivery with me.
Real Time 24/7 US Stocks Trade and General Market Education ⬇
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Real Time 24/7 US Stocks Trade and General Market Education ⬇
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.