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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This is a scenario for longs.

We're looking for support around 1796-1784, the price should ideally wick in that region and close above 1810-13 on the Daily.

Target 1: 1830
Target 2: 1840
Target 3: 1850

Optimal Entry - 1795
Stop Loss - 1775.00

I want to be out of longs if we head towards 1850. My short-term view is still for the price to go further down so i'm expecting a liquidity grab between 1850-75

Not trading advice, just my thoughts. ALWAYS Manage your risk through strict stop losses and money management.
Update:

We have opened a small lot BUY ORDER

First target short-term - 1820

Strict SL: 1775
I would hope there to be some retracement on open and during Monday.

Overall my bias remains down further. Levels are there to see. 1794 and 1810 look to be a crucial zone for this week. I have a lower level of 1760 short-term which is not on the chart. Any buyers from Last week will have a load of stops around there so
it wouldn't surprise me to get an up, down then up over this week.

However, this is GOLD .....We could go striaght down to really flush out buyers.

Trading with caution this week until late Monday of Tuesday where the chart usually gives me an indication of whats to come.

Trend is quite obvious. Down.
During the course of the week I will share my trade ideas and trades. I don't usually trade on Mondays