What will Gold do this week?
Monthly: Trend is extremely Bullish, however current M candle opened Bearish and has 12 D to close. Has some support at FVG, expect some buys (as PB) -before new M starts.
Weekly: Trend is currently Consolidating. Has closed below prev candle, however does show some rejection at current level.
Daily: Trend is Bearish, has tapped into Bullish FVG, expect some buys (as PB) before continued sells.
4hr: Trend is overall bearish, however currently consolidating due to how market closed on Friday. There is NO TRUE DIRECTION RIGHT NOW!!
1hr: Trend is consolidation - will need to have a confirmed break out of the consolidation range to consider taking trade.
Gameplan for Trade:
1) Wait for Market to open and provide true direction
2) Look for a break and close OUTSIDE of consolidation box to confirm the direction
3) Enter once you get the confirmations and manage your trade!
Weekly: Trend is currently Consolidating. Has closed below prev candle, however does show some rejection at current level.
Daily: Trend is Bearish, has tapped into Bullish FVG, expect some buys (as PB) before continued sells.
4hr: Trend is overall bearish, however currently consolidating due to how market closed on Friday. There is NO TRUE DIRECTION RIGHT NOW!!
1hr: Trend is consolidation - will need to have a confirmed break out of the consolidation range to consider taking trade.
Gameplan for Trade:
1) Wait for Market to open and provide true direction
2) Look for a break and close OUTSIDE of consolidation box to confirm the direction
3) Enter once you get the confirmations and manage your trade!
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.