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Gold Spot / U.S. Dollar
Short
Updated

[2] - OPTIMAL TRADE ENTRY

Recap on previous Day :
  1. Price break the previous weekly low
  2. During London session price creating the lower of the day (1956.76)
  3. Pull back expected in the New York session
  4. Pull back price hit the area of optimal trade entry (OTE)
  5. Price forming Lower High and Lower Low


Current situation giving me a bearish bias, expecting down trend continuation
Trade active
Price got rejected when hit opening price on the previous day.
Trade closed: target reached
GoatGold
FibonacciTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FibonacciTrend Analysis
GoatGold

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.