Gold Overnight Sell!

Jul 24

Given gold's current bearish trend and the lack of strong indicators suggesting a reversal, it's reasonable to anticipate that liquidity—typically stop losses and pending orders—might be targeted and cleared during less active market hours, such as overnight in (Eastern Standard Time). I assume this might occur due to lower trading volume can lead to more pronounced price movements, allowing larger players to exploit this by driving the price to key levels where these orders are clustered. Consequently, the market may experience a temporary spike or dip as these positions are triggered, offering opportunities for strategic entries or exits.

XAUUSD - Oanda
Entry: 2,416.965

1. TP 1: 2,410.594
   
2. TP 2: 2,405.015
   
3. TP 3: 2,399.709
   

Stops to BE after TP 1/2 depending on YOUR capital risk and account parameters.

What are your thoughts?

Jul 24

Note

Keeping a eye on price sentiment has slightly changed, keeping stops a little tighter and looking to reverse if prices make a strong move past entry.

Jul 24

Trade closed: target reached

TP 1 was hit which me means stops to BE. This trade was able to secure a tiny bit of profit. Like & Follow for more ideas.