Positioning myself for bullish bias on gold
This week ill be looking for potential buy's around 1736-1738 on condition that the market gives proper confluence such as rejections to the downside ( hammers and dojis )
I'll also be keeping an eye out for another stop hunt low( Not likely to happen but this is a market based off probability not accuracy )
My target level for this gold trade to complete my Daily levels is 1780 but keep in mind I've been in since 1696 so this trade is only for additional entries.
Personally ill be looking out for impulse moves in both directions to have both buyers and sellers taken out before the actual move happens.
Remember, the market could easily break and reject 1758 ( potential bullish stop hunt level is 1761 ) before dropping to preferred 1736-1738 and then only will it be safer to enter. SO BE PATIENT
P.S stay out of consolidation. wait for impulses and re-tests before doing anything and remember, NO TRADE is also a position.
Best of luck
Yours truly
NotBasic247
I'll also be keeping an eye out for another stop hunt low( Not likely to happen but this is a market based off probability not accuracy )
My target level for this gold trade to complete my Daily levels is 1780 but keep in mind I've been in since 1696 so this trade is only for additional entries.
Personally ill be looking out for impulse moves in both directions to have both buyers and sellers taken out before the actual move happens.
Remember, the market could easily break and reject 1758 ( potential bullish stop hunt level is 1761 ) before dropping to preferred 1736-1738 and then only will it be safer to enter. SO BE PATIENT
P.S stay out of consolidation. wait for impulses and re-tests before doing anything and remember, NO TRADE is also a position.
Best of luck
Yours truly
NotBasic247
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