Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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GOLD - Bias level target 1 completed, 2 active. Support below at the 2910 level and below that 2890. Wouldn't long up here, our indicators are suggesting a potential pull back on the way.
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First scalp of the day
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Pre-event price action:

Trend within trends on the smaller timeframes

Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction

Ranging price staying close to short term MA's

Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range

Ask yourself these questions:

Do I understand intra-day levels?
Do I understand pre-event price action?
Do I understand trading with ranges and price accumulation?
Do I have a risk model that protects me and my account no matter where the price goes?
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Scalp or protect and manage!!
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Today's issues 😂
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Scalp or protect and manage!!
Bias target level from 2895 was as above, unless you're in from lower down, please don't attempt it from here
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