XAUUSD Futures & Commodities 2H TIME FRAME DATE 7/24/2024
As anticipated, gold is advancing upwards, and our current position offers a risk-to-reward ratio of 1:13. I am awaiting the New York open to potentially scale in additional buy positions if favorable opportunities arise. The trading template remains valid with multiple converging factors supporting our strategy.
Currently, I do not identify high probability trades with sufficiently tight risk parameters. Should the market enter a re-accumulation phase after forming leg C for leg 2, I will seek buying opportunities at lower price points, particularly on pullbacks to key support levels."
Currently, I do not identify high probability trades with sufficiently tight risk parameters. Should the market enter a re-accumulation phase after forming leg C for leg 2, I will seek buying opportunities at lower price points, particularly on pullbacks to key support levels."
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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.