Hello traders. Taking a look at the 4 hour, I am watching to see if 2417 can hold as support for gold to break up. Once we get past 2419, we should see a nice push up. This is just speculation and not based on price action. Unless we break and close below 2413 on a 1 hour or 4 hour time frame, I am of bullish mindset for today. Let's see how things play out. Big G gets all my thanks. Happy Wednesday.
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I missed the push down, but I took an impulse Buy at 2406.45... I may have bought in too early as we may touch the 2400 area before pushing up. 20 pips or so in profit, I will close with minimal profit if we drop back down and look for a lower entry if we move back down... Otherwise I will ride this up for sure. Big G gets a shout out
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Let's see how it goes. I umped out and got back in at 2405.63... 50 pips in profit as of this writing, moving Sl to my entry point and leaving a runner runnning. Big G gets my thanks. Kaboom
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2410.68 is where we need to break and close above on the 15 min chart for a continual push up.
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After grabbing a few nice scalp pips I have entered a buy after the drop down. My Buy entry is 2406.73... Let's see how it plays out. If we break and close below 2400 on a 30 minute or 1 hour I will close the trade. This is my last trade of the day. Securing profit. The profit and snap shot posted is from a 30 Minute time frame
Pip Whisperer