My Thoughts on Gold for the Week
Monthly: Trend is Bullish,
expecting continued creation of new highs before PB, candle closes in 15 Days
Weekly: Overall trend is bullish, was creating new highs (on Friday), expecting to create
one more new high before starting PB.
(news will help)
Daily: Overall Bullish, has created a new high, will need to complete PB before continuing higher
4hr: Starting the first leg of the PB before continuing higher
1hr: First leg of M formation has been created-
break and close below prev structure
Gameplan:
*wait for new week to begin, will give shape for market
*there will be short term buys at first, major
buys should happen later in the week
Entry:
For me to be looking for continued buys..
5m: re-test the TL and create FVG that holds
1hr: after retest of TL, look for BOS and FVG
If these are not met, I will look for sells
expecting continued creation of new highs before PB, candle closes in 15 Days
Weekly: Overall trend is bullish, was creating new highs (on Friday), expecting to create
one more new high before starting PB.
(news will help)
Daily: Overall Bullish, has created a new high, will need to complete PB before continuing higher
4hr: Starting the first leg of the PB before continuing higher
1hr: First leg of M formation has been created-
break and close below prev structure
Gameplan:
*wait for new week to begin, will give shape for market
*there will be short term buys at first, major
buys should happen later in the week
Entry:
For me to be looking for continued buys..
5m: re-test the TL and create FVG that holds
1hr: after retest of TL, look for BOS and FVG
If these are not met, I will look for sells
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