As per my previous analysis (www.tradingview.com/...d-GOLD-Go-This-Week/), GOLD respects all the zones and the head and shoulder pattern. I got my desired profits.
But, today's scenario is a little bit different. As we can see on the chart, the 4-hour candle closed below the 200 EMA and 9 & 14 EMA as well, the overall market is on bearish movement but the 4-hour closed candle is bullish, which means most probably today GOLD might not move a lot, I want to say GOLD might be on consolidate today.
So, I'm looking for some scalping setups most probably short setups as the overall market is on the downtrend.
This is my today's GOLD trading plan, and what is yours?
Regards
But, today's scenario is a little bit different. As we can see on the chart, the 4-hour candle closed below the 200 EMA and 9 & 14 EMA as well, the overall market is on bearish movement but the 4-hour closed candle is bullish, which means most probably today GOLD might not move a lot, I want to say GOLD might be on consolidate today.
So, I'm looking for some scalping setups most probably short setups as the overall market is on the downtrend.
This is my today's GOLD trading plan, and what is yours?
Regards