My Thoughts on Gold
Monthly: Overall trend is Bullish, currently having
a PB - 21 days for candle to close
Weekly: Trend has created rejection candle, will be
for buys and then sells by the end of the week.
Daily: Is starting to create new trend
created double bottom
4hr: Starting W pattern (pushing out of OB) but still has some
selling pressure left
1hr: Still has selling pressure, retesting the D and 4hr High
Game plan for trade:
1) Intraday: entry signals
2) Swing: entry
Sidenote: if entering off lower TF, could catch short terms buys
a PB - 21 days for candle to close
Weekly: Trend has created rejection candle, will be
for buys and then sells by the end of the week.
Daily: Is starting to create new trend
created double bottom
4hr: Starting W pattern (pushing out of OB) but still has some
selling pressure left
1hr: Still has selling pressure, retesting the D and 4hr High
Game plan for trade:
1) Intraday: entry signals
2) Swing: entry
Sidenote: if entering off lower TF, could catch short terms buys
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