Hello traders,We are currently experiencing volatility from last week's Non-Farm Payrolls (NFP) news, which triggered a massive, rapid sell-off. During the New York session, the market has cleared the Asian session liquidity (Asia LQ) from Thursday and is now pulling back to retest the point where the market structure broke down (Break of Structure / BOS) at 4460.
Gold will choose its next direction from that point. Therefore, we should wait at this key level. For those who don't have an open position yet, it is recommended to look for 'Buy the dip' opportunities to catch the move up.
The trading plan is as follows:
Buy Zone 1
Price: 4430
SL: 4420
Buy Zone 2
Price: 4420
SL: 4410
Buy Last Zone (Liquidity Sweep & FVG)
Price: 4410-4405
SL: 4395 (If this is the last zone, you might want to adjust the SL lower, e.g., 4395-4400)
Take Profit (TP): Is not Take Photo!!... Up to you (Discretionary)
For analytical purposes only, not investment advice
Thank you, Good luck make love.
Gold will choose its next direction from that point. Therefore, we should wait at this key level. For those who don't have an open position yet, it is recommended to look for 'Buy the dip' opportunities to catch the move up.
The trading plan is as follows:
Buy Zone 1
Price: 4430
SL: 4420
Buy Zone 2
Price: 4420
SL: 4410
Buy Last Zone (Liquidity Sweep & FVG)
Price: 4410-4405
SL: 4395 (If this is the last zone, you might want to adjust the SL lower, e.g., 4395-4400)
Take Profit (TP): Is not Take Photo!!... Up to you (Discretionary)
For analytical purposes only, not investment advice
Thank you, Good luck make love.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.