Hello traders. Happy Tuesday. Taking a look at the 4 hour chart I have marked my area of interest for potential scalp sell positions. $2184 $ 2186 is the area to look for possible rejection. This is just speculation. Gold should hit $2400 this year but I am looking for a pullback this early in the week. But it's only a matter of time before we all see what debasing a currency will do. The U.S. dollar is a manipulated tool that is used in this farse called secure currency. And because of that, and other factors, that will cause gold to move up. Big G gets all my thanks. Let's see how the next few hours play out as we get close the the Pre NY volume that starts here in the U.S. in 1 hour and 40 minutes from now. Be well and trade the trend.
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Wow ... What a push up for gold. I took an impulse sell from what I hope was the top . 30 pips or so in profit as of this writing. I will monitor the trade and in a few more pips I will move my SL to my entry point, close 75% of the trade's profit, and leave the 25% runner running. Big G gets a shout out.
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So I took anothe sell from 2199.78. Let's see how this 4 hour candle plays out.
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Holy Macaraoni I smashed this one for sure. KABOOM
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215 pips as of this writing. What A Day. Sold From 2199.78
Pip Whisperer