Gold

3.30.23 Gold is probably going to go higher because it looks like the dollar is going to go lower. We looked at a reversal pattern on gold a couple days ago where we should have been buyers. If I were already Long on this market I might maintain my long trade, But if I were flat I would not buy to open because these markets too many times break out higher and then correct back into the range box where I am going to get stopped out... so I don't do it. there are other features explained in the video that can be very helpful for you to find an opportunity with a realistic stop and a realistic target Using a range box. Generally, I think many Traders take too many trades and end up Making very little return or they lose money. But in this example where the market Was trending and then made a significant reversal to set up a range box, This is a good opportunity to scalp the market as long as you respect the range box and trade the market as a range and not a trend. It's important to trade ranges differently than you trade Trends.. and it is very easy to assume the point of view as a Trending market when it really is not trending... and you can lose all your profits very quickly. In this example you have to spend a little more time as a range Trader, but in it becomes easer it you respect the range.