GOLD (XAU/USD): I bought it a couple of hours ago...

Hey guys,

Thought I'd share the trade I took this afternoon (EU time) on Gold.

I was waiting for the price to get in my potential bounce zone (Demand Zone).

Once the price entered this zone, I wanted to see a kind of breakout according to the pattern I could see.

I simply drew a trendline and waited for a breakout.

This occurred at 3.30 PM with a nice engulfing bullish candle, as shown in my chart, which by the way also broke the VWAP.

I entered a long position at the next candle and I am currently targeting the next imbalance zone @ around 1872.50 - 1872.80 area. This area, according to the volume profile, is a high volume node (HVN) and should attract the price pretty fast.

We could see some rejection from there so I will not target a higher price.

That's it, guys!

If you like my ideas, please show some ❤ with a comment or a like!

You can also check my previous ideas just below

Jesse

노트

still in this trade