GOLD/USD
I am short on gold because price broke out of the Asian range, and reversed back in, leaving a bearish engulfing in its trail which served as our sell trigger.
Got stopped out of this trade. I entered at the blue circle. I also want to point out that the reversal buy pattern formed at the purple circle and I want on my system if not I would have taken whatever profit I had made and switched to a long position.
TP smashed on yesterdays trade, I adjusted my SL for breakeven and held it there till my TP was hit.
Good Morning, today I an bullish on gold so I have taken a long position. Pre-Franky was very bullish so I expect the London session to be bullish too.
My speculation on XAUUSD is simple;
The Bullish momentum came as a result of the market reacting from a 30 minutes ORDER BLOCK.
Therefore if the Market is to continue it's bullish move, it must first sell to around 4,675 before it goes bullish again.
My second gold trade of the day, price broke out of the lower Asian range, and has started reversing back into it. So, I have taken a buy trade.
I just took a short on gold, because price interacted with the Pre-Franky high, rejected and started going down, this formed by sell trigger. My SL is above the Pre-Franky high (upper ash colored marking)
I have closed the trade with $8 profit because price rejected at the Pre-Franky low and started rising upwards
I have taken a buy trade on gold, after price exited the lower Asian range and started began to reverse back into it.
I am closing the trade ant taking the $10 profit, I had to lower my TP expectation because the New York session is starting soon and it may erase my gains.
