Quick update from us as we've just got back onto the charts.
Sunday's idea unfortunately didn't work as planned, the first level was smashed through so there was no point looking at it. We approached the 2nd region, managed a 50pip scalp on the way up, then a 100pip short before coming out early due to the indicators saying higher.
We now have support 3360-55 with price already bounced 3350 earlier giving a long opportunity. Support 3358-60 holds, we could see this target the recent high again with the first region around 3375 and above that 3380. Lower support in extension if 3344 which lines up with confluence
Sunday's idea unfortunately didn't work as planned, the first level was smashed through so there was no point looking at it. We approached the 2nd region, managed a 50pip scalp on the way up, then a 100pip short before coming out early due to the indicators saying higher.
We now have support 3360-55 with price already bounced 3350 earlier giving a long opportunity. Support 3358-60 holds, we could see this target the recent high again with the first region around 3375 and above that 3380. Lower support in extension if 3344 which lines up with confluence
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Shorter TF indi suggesting a pull back here
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Shorter TF indi suggesting a pull back here
There's the pull back into support on the indi, then the bounce nearly 50pips in
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Nice short early session with a tap and bounce from the target level we wanted maintaining the potential range. Support now 3360-55 with extension level 3345 while resistance stands at 3390-5 which will need to hold us down.
FOMC later, it's been a decent morning already, now need to ruin it. Keep it level to level, scalping only for us.
FOMC later, it's been a decent morning already, now need to ruin it. Keep it level to level, scalping only for us.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Beauty of the red box indicator. Any time, any pair, there is a trade to be had. Gold, just delivered another trade over 100pips π₯
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