Good morning π
Something practical for your gold trading today.
Gold respects round numbers.
Not because there's anything magical about them. Because that's where large orders cluster.
Institutions place orders at $3,000, $3,050, $3,100. Retail traders put their stops just below and targets just above these levels.
The result is that round numbers act as magnets. Price is drawn to them, often reacts at them and sometimes blasts through them to clear the stops sitting just beyond.
Here's how to use this practically.
When your target is close to a major round number, consider taking partial profit just before it. Don't wait for price to reach exactly $3,100 if there's a wall of orders sitting there.
And when your stop is sitting just below a round number, consider placing it slightly further below. Because stop hunts at round numbers are one of the most common moves in gold.
Round numbers matter. Always.
Good session today. π
Something practical for your gold trading today.
Gold respects round numbers.
Not because there's anything magical about them. Because that's where large orders cluster.
Institutions place orders at $3,000, $3,050, $3,100. Retail traders put their stops just below and targets just above these levels.
The result is that round numbers act as magnets. Price is drawn to them, often reacts at them and sometimes blasts through them to clear the stops sitting just beyond.
Here's how to use this practically.
When your target is close to a major round number, consider taking partial profit just before it. Don't wait for price to reach exactly $3,100 if there's a wall of orders sitting there.
And when your stop is sitting just below a round number, consider placing it slightly further below. Because stop hunts at round numbers are one of the most common moves in gold.
Round numbers matter. Always.
Good session today. π
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πReady Signal this is no financial advice. Trade at your own risk
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GOLD BUY NOW
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GOLD BUY NOW @4335.3-4225.3 Sl :4221 Tp1: 4339.3 Tp2: 4343
Use proper money management
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GOLD BUY NOW @4335.3-4225.3 Sl :4221 Tp1: 4339.3 Tp2: 4343
Iβll move SL to 4218 temporarily
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BOOOM
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100pips from zoneβ
Letβs CLOSE our trade now and set breakeven if you wish to hold nowβΌοΈ
What a great way to start our dayπ₯
Letβs CLOSE our trade now and set breakeven if you wish to hold nowβΌοΈ
What a great way to start our dayπ₯
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GOLD BUY NOW @4335.3-4225.3 Sl :4221 Tp1: 4339.3 Tp2: 4343
Scalping letβs gooo
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150pips letβs GOOOβ
Letβs CLOSE our trade now and set breakeven if you wish to hold nowβΌοΈ
Nonstop smashing TP with our great team π«‘
Letβs CLOSE our trade now and set breakeven if you wish to hold nowβΌοΈ
Nonstop smashing TP with our great team π«‘
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ANDDD TP1//270pipsβ
Letβs CLOSE our trade now and set breakeven if you wish to hold nowβΌοΈ
Nonstop smashing TP with our great teamπ«‘
Letβs CLOSE our trade now and set breakeven if you wish to hold nowβΌοΈ
Nonstop smashing TP with our great teamπ«‘
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COMPLETED βοΈ
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