Big order region here now and price is simply accumulating, we would call this a no trade zone, hence we're sitting and watching. We do have a target, but we're not going to take it today, we want to see how this behaves. Support on the intra-day 2390, resistance 2407

How do you catch the high in Gold?

Excalibur Active!!!

BANG!

It was only a matter of time before they gave

Missed 1, missed 2, 3rd time lucky. That's trading and that's how it works. In regions like this its very difficult to plot the moves with a lack of historical data. We did say give or take either side. Not only did we trade it up, but that level worked a treat.

The perfect entry:

Many of us sit and wait for the perfect entry, I can tell you, unless you're scalping, this hardly ever happens. The key to get an entry is identifying your target region first! Once you have identified that target region, then start looking not for a precise entry, but a region or a zone you want to be testing your entry in. The skill is not getting in too early, and if you get in too late you're usually going to be the wrong side of the market. So use the bias and the red boxes, bullish/bearish above/below. If it breaks a level and that level turns into support/resistance, what's the worst that will happen? It will hit your SL, you just wait for the trend to confirm and go the other way, or, you wait for another entry with a SL in place. When the target is a long way away, your lot size is important, the RR will make sense even with a larger stop.

Something to think about!

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Nice move so far today, long and short both available to traders for the taking. Support here on the intra-day, resistance sitting around 2360-63.