Quick bounce play setup on gold! Long play setup before the news

٢٣ أغسطس ٢٠٢٢

1. Price made a solid retest on our key level at
1730.
2. We have also seen the play on the Daily TF
that's why it's very important to look at the higher
tf when doing your analysis.
3. SL is just 20pips below our level so it's a tight
SL.

3.2rr


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٢٣ أغسطس ٢٠٢٢

أغلقت الصفقة: تم الوصول للهدف

TP Hit!

I have anticipated that the big guns have placed their longs in our major support level at 1730. It was a liquidity grab.

On the fundamental side, it's been 4 straight months of negative forecast on flash PMI for the USD that's why I was also expecting a bounce on the gold.