【Gold Long Wanters Take Notice】Trade Outlook
Hello everyone
This is Kuroshiba.
This time, I would like to talk about the trading outlook for gold.
Gold has been tough over the last week or two. LOL
I buy during Asia time and settle, sell during New York time and settle
and repeat it in detail to manage to make a decent profit.
But what I really hope is to hold a long position and have it rise for several days.
So I’ve also created quite a horizontal axis, and I predict it will move big soon.
For now, here is an image.
Yes, this is the 4-hour chart.
Basically, I think it’s good to enter within the purple upper and lower zones.
Looking at the near term, it's still range-bound, so if it enters the lower zone, watch price action for a long; for a short in the upper zone, one trial is fine, but I think I’ll pass.
With Christmas rally approaching, I basically want to build a long position.
Therefore, entering long in the upper zone should be done after a price action confirms a neckline break with a real body, followed by a pullback to look at price action for a long.
I have written about price action in text, so please read it.
I’m sure you’ll find it very helpful!