Our SMC engine is signaling a potential high-quality short opportunity on Gold.
This setup offers a potential 3.4R trade. As always, manage your risk accordingly.
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DislikedThere are different types of traders, I prefer the fixed strategy of simply selling and buying at the resistances and supports that I've already analyzed it to be...way before market price reach it and from there I watch market price action if it bases below or above... While others prefer to wait for confirmation of direction before entering the market... That's not bad but IMO and practically that makes you loose good money as that leads to a late entry...than an earlier exact one of mine "milking the pips". Some might call my strategy as very...Ignored
DislikedBe careful folks of market manipulation due to Russia-Ukraine deal... Still keeping the selling of GU/EU but at higher levels, same as said last week, possible of some highs, still bearish on medium and long term as such deals..are short living...while the trend prevails..Ignored
DislikedGold provided me with a better opportunity as it hovered a lot at the high end price of 4160s so I positioned my trade higher at 4168 that also gives me lot of freedom to play with even in case of breakout of the range later, it'll test it again so can get rid of my trade within few points....while the TP target is way lower as explained in my previous posts...Ignored