We have the same going on again. Pip difference between dollar resistance and gold support is widening. That means bullish accumulation on gold. Let it gain momentum for now.
P.S this trade will be done without SL and I let it run me in draw down if it wants to.
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Pending order 1233.5 set for BUY. Yesterdays buy from 1237 closed with profit once 1242 was broken today.
Hard to tell the $$ rule on these targets, at some point 1233 should be reached at some point it could be considered as reached by my rules, really hard to tell. Anyway if 1233 come pip in a pip that's fine.
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Timing and entry is sensitive don't now enter just because mine at 1235 is triggered. I still think we need spike down to white zone on chart completelly.
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Once again: #### P.S this trade will be done without SL and I let it run me in draw down if it wants to. ####
I don't want to miss the train so rather being in DD and adding. Gold is a false breakout king, remember that.
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Closest intraday target anywhere from here would be 1247 again. FYI
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Latest recalculation show sentiment 1237 as well. 1237... 1247... signs that it should move up. I am in from 1231.5 and 1233.5 and 1235.5
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There is a possibility for spike down to 1228. Survive it guys. Just a notes for ur information.
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Great seems going to 1237 ( first intraday target ) That should be reached. Then 1247 but it is not intraday. Actually I would want to see price closing close to todays L to be honest. Close price as close a spossible to todays bottom would be greater for bull. But let's see if it reach now 1237 I think it will not let gold higher up today and it will close below it.
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For bull tomorrow I need close price below 1235 or above 1238. If close price is in range of 1235-1237.9 I am closing all my longs and being flat.
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Nice, gold refuse to close within the 1235 - 1238 range, although it could right?
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And close price is close to bottom. So all we need now is first move down on opening rather than first move up.