SHORTS
$23.9 - $24.1
Confluences: 50 Fib, Key Level, $24 Round Number
$24.4 - $24.5
Confluences: 61.8 Fib, KL, Added Confluence if 50 Fib fails/small reaction (under $0.50)
LONGS
$21.45 - $21.3
Confluences: 88 Fib + KL
$20.8 *ONLY IF $21.45-$21.30 FAIL*
Confluences: Recent Lows
Most of the time I will use these Zones for added confluence on gold as opposed tot aking the trade, however, if there is a strong move into the zone, with market flows in play (stocks/fear/usd) I will take the trade.
$23.9 - $24.1
Confluences: 50 Fib, Key Level, $24 Round Number
$24.4 - $24.5
Confluences: 61.8 Fib, KL, Added Confluence if 50 Fib fails/small reaction (under $0.50)
LONGS
$21.45 - $21.3
Confluences: 88 Fib + KL
$20.8 *ONLY IF $21.45-$21.30 FAIL*
Confluences: Recent Lows
Most of the time I will use these Zones for added confluence on gold as opposed tot aking the trade, however, if there is a strong move into the zone, with market flows in play (stocks/fear/usd) I will take the trade.