Get started
Gold Spot / U.S. Dollar
Short

[2] - OPTIMAL TRADE ENTRY

By GoatGold
Updated
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
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.