kingjforex12
@t_kingjforex12
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kingjforex12
yesterday NY session we did see gold bounce of a major 4 hour support area, & buyers coming into the marketwith the current situation in the US market & with the DXY pushing down, there is a good chance that gold will be pushing higher.opportunities on gold happen london & the crossover with the new york session, be mindful of NFP & the fed announcement also at 4 pm.i will be looking for buys around the 3.08.00 area, which lines up perfectly with the 0.71 fibbonacci level. extra comformations/ i would want to see a bullish engulfing or another candle formation that is showing bullish price action around this area, before i enter the trade.we may get an early entry london open, or around NFP news release at 1.30 pmplease feel free to comment & send me your own mark up, ideas.we got the entry on gold london session, 6 % gain over 2 accounts, NFP news release may give another entry.
kingjforex12
trade taken from yesterday, DXY is bearish . closed at 4% profit. waiting now forareas of liquidity to be taken.
kingjforex12
trade from yesterday taken after red folder news, entered on the 15 minuite timeframe,clear bullish engulfing, possible re-entry if price pulls back.DXY was clearly bearish yesterday which added extra comformation to take gold higher.the second entry is now invalid due to recent price action.
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