Gold Spot / U.S. DollarUpdated [4] - OPTIMAL TRADE ENTRY
Recap on previous day :
Current situation still giving me a bearish bias, I am expecting the pull back movement to the OTE area on this day.
- Price forming Higher Low & Lower Low
- Price hit the old low of 13 Oct
Current situation still giving me a bearish bias, I am expecting the pull back movement to the OTE area on this day.
Note
Yesterday price fail to reach the OTE area. Even it fail to reach it I am still expecting downtrend continuation after hit the OTE area.Currently price in the phase of accumulation,
I am expecting the price back to the area of 1938.58-1935-92 as manipulation movement, price will distributed after hit it and the OTE as the target price.
Trade active
Price hit the OTETrade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.