GOLD/USD

BUY 4,169

SL 4,151

Trade in profit

SL hit on this trade

Gold short 4,101

SL 4,122

REASON FOR TRADE

The New York session started at 1 pm UTC+1 but I boxed out the last hour before NY open (12 - 1 pm box range). Price broke out of the box and started reversing back into it, prompting a sell

Trade in progress

I am taking profit and exiting here

Gold short

SELL 4,056

SL 4,069

Trade is in progress

I am closing the gold trade here and taking profit

CORRECTION ON YELLOW BOX DRAWING

I made a mistake drawing the yellow box, the time range should be the pre-new york hour which is from 12 to 1 pm not 1 to 2:30 pm

The New York session has just opened, the pre-open hour (12 - 1 pm) has been boxed out. US CPI news is incoming in 25 minutes lets see what happens

Yesterday the CPI news candle pushed price up but after that the move was still to sell from the top of the bullish CPI candle

SELL 4061

SL 4082

The New York session started by 1 pm but the pre-ny period of 1 - 1 pm was boxed out in yellow. I waited for price to breakout of the box and start reversing back towards it , then I sold

Covering my short and exiting early, the price action doesn't look good from here.

New Yprk session has opened by 1 pm UTC+1 and the pre-open period of 12 - 1 pm has been boxed out. Price broke out of the box and formed a bearish engulfing so I sold

SELL 4032

SL 4048

Taking profit and closing the trade here because price is approaching the lower edge of the box

Price still dropping after I exited with profit

sharp strategy without too much noise

you got a new subscriber bro

The New York session has just opened by 1 pm UTC+1 time, I will start looking for a trade entry.

The London session was pretty quiet for gold, which leads me to believe the NY session will be eventful