1D GOLD LONG IDEA
I'd like to share an additional analysis of gold on the daily timeframe. Overall, gold is trending bullish, with targets being the daily imbalance, the New York session high, and, most importantly, the previous week's high. This high was formed due to a liquidity grab for buying, as seen on the daily timeframe, as well as the previous month's high, as observed on the monthly timeframe.
This analysis serves as a supplement to my previous ideas, where I highlighted entry and exit points on smaller timeframes to maximize profit. Always remember, the market does not exist to help you make money; rather, you are liquidity for the market. Therefore, it's crucial to always follow proper money management practices. Don't risk your portfolio—open trades with only 3-5% of your deposit and stay calm. The market is not for emotional individuals.
This analysis serves as a supplement to my previous ideas, where I highlighted entry and exit points on smaller timeframes to maximize profit. Always remember, the market does not exist to help you make money; rather, you are liquidity for the market. Therefore, it's crucial to always follow proper money management practices. Don't risk your portfolio—open trades with only 3-5% of your deposit and stay calm. The market is not for emotional individuals.
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