So now we can see what has happened and what went wrong on our trade yesterday. We can see how price pushed up through the zone to gather more liquidity. The price faked out through our zone, trapped the buyers and reversed. Nothing to worry about - only a 1% loss. IF he had a higher stop loss we could have managed to stay in it. 1925.00 was a key level for gold.
The rally up on gold is starting, the monthly chart is a big pull back. Don't bet on my view but. Honestly squigled lines are only an uncertainty, the facts of the printing against the pound shows American stocks crashing and with the election solidifies it. I wish I wasn't so broke
EdvinasJakas
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@callumkelly193 long term XAUUSD is definitely going to rally. We just catch these short moves off the 4h supply and demand zones!
callumkelly193
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Golds going up, the dollar has rallied the pound, the bubble has to pop. Americas printing problem plus a pandemic. It's a disaster. I cant talk about changing market conditions. But with this election its a new high. You cant be above the pound. Its unnatural
EdvinasJakas
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@callumkelly193 buying gold now and holding it for months is a great idea but I do not consider myself a swing trader as I hold my trades for a week maximum!