GOLD/USD

London session chart shows last week was bullish for gold

Took a sell trade on gold today at 4378 and closed in profit.

Getting ready to trade gold by 1 pm NY open

Gold Pre-NY Breakout Strategy

Wait for price to break out of the Pre-New York range (yellow box) and form an engulfing reversal pattern then I trade the pattern

SELL

SELL 4394

SL 4407

I have closed out with profit

Price kept dropping even after I exited the trade

Holy cow!

GOLD

SELL @ 4377

SL 4387.81

TP 4348

I closed the sell at $10 loss and switched to buy

Buy trades closed in profit

The NY session started by 1 pm and I boxed out the Pre-NY hour between 12 and 1 pm. Price broke out of the boxed and formed a bullish reversal pattern, prompting me to buy at 4388

TP smashed.

Today I took a couple of shorts on gold during the start of the New York session

Short 4390

SL 4383

TP 4378

The first short failed, but the other two were profitable

The NY session opened by 1 pm UTC+1 in Nigeria and I boxed out the Pre-NY hour in yellow. I waited for price to breakout of the box and bought the first engulfing reversal pattern I saw.

BUY 4472

SL manual monitoring for BE

EXIT 4488

Gold is buying with strong momentum, although I missed the buy, and I couldn't enter again, it was a nice trade, I was supposed to enter at the marked level

The New York session has opened by 1 pm UTC+1 in NG and I have boxed out the Pre-Ny hour in yellow. I will wait for price to breakout of the box then trade a reversal back into it

Breakout has happened, we await the reversal

Reversal pattern spotted

BUY 4580

SL 4556

TP Target 4610 >

Profit target exceeded, I am closing here and taking profit