Gold - Capturing Short-Term Retracements

24 сент.

Continuous bullish price action will eventually lead to minor retracements where scalpers can profit from.

Many say the trend is your friend but i like to go against that so i am looking @ $2,619 low hanging fruit for a healthy retracement. $2,600 would also be considered healthy in my eyes as market structure will still be in tact.

24 сент.

Заметка

On target...
We want to see short term lows swept @ $2,622
$2,636 highs is my last line of defence today

24 сент.

Заметка

*Updated last line of defence to $2,632 (Throughout the US session today)*

So far, so great.

This is the type of price action needed to book lower prices.

We have seen the SIBI (Sellside Imbalance Buyside Inefficiency) rejected on the 5-min timeframe but as 09:30 bell strikes, there could be a possibility for bullish manipulation up into a premium array @ $2,631.98 - $2,632.

24 сент.

Заметка

Back in a premium price range.
Keeping my eyes peeled!

24 сент.

Заметка

Ideal short scenario has passed by.
Sitting on my hands, awaiting a bearish shift in market structure on the intraday timeframe
$2,636 would be my next point of study

24 сент.

Заметка

$2,636 Rejection
But it's not enough...
I need more confluences.
I will be more interested in shorting once we are below $2,631.98

26 сент.

Заметка

Rangebound day throughout yesterday