thebasiqtrader

Short on Gold

Short
thebasiqtrader Aktualisiert   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello. This is my analysis on Gold this evening (evening this side), a 2-hour long consolidation phase after CPI caught my eye as I was looking at Gold and I anticipate it to retrace back into that range. I marked out the supply level that took out the lows of the consolidation, and that's where I will be looking to get involved in the market unless I find a different setup in the morning when I wake up (signs of continuation and no retracements).
Kommentar:
Update. Woke and found a rather interesting setup haha, I recognise some buildup when looking at the 15m, what I see happening is an impulse to the upside before possibly beginning to head down.
Kommentar:
I will be looking for entries if market reject 2037.2
Kommentar:
Market tapped into my level, I did have some buys to the upside. Got out and looking to sell if market breaks below the previous low (2034.270)

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