Oro / Dollaro
Aggiornato

Gold - Scalp and Projection today

69
Gold is presently 2428.

HTF - 30 min chart

The market on an intraday basis is on an uptrend, as we can establish HH and HL after the Double Bottom of last Wednesday.

Daily Pivots are in place. We can see the Central Pivot is 2428 and it is above the Central PIvot of the last trading session. This supports the bullish bias.

SUPPLY/DEMAND - Two Demand Zones are in place ( and act as entry zones)

1. Demand 1 - the nearest and most relevant 2417 -2422. Which approximates the Daily S1.

2. Demand 2 - set last Thursday between 2407 - 2412. Which approximates the Daily S2

The Supply is seen at 2450 - 2459.

The Targets are

1. R1 - for entry from Demand 2

2. R2/ Supply - for entry from Demand 1

LTF - 5 min chart

IF price enters the Demand Zones, drop to the LTF and look for a trigger to enter.
This can be bullish candlesticks ie. Bullish Pin bar, Bullish Engulfing Pinbar, Pinbar/Inside Bar/ fakey , or a pattern such as a Double Bottom. Your stop loss orders will be set below the relevant demand zone.




Nota
Its working like projected, the target is still 2455-2460 , likely in NY session.... Cool
Trade chiuso: obiettivo raggiunto
Targets reached and exceeded

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