XAUUSD - Bullish momentum or Bull Trap?
Yesterdays PMI data came in and most probably busted many accounts. I watch these live videos on socials. Counted at least 18 people with sell orders for gold yesterday...
we can see bullish momentum with gold currently
- Breaking previous highs
- Sweeping lows
- Buyside target
We can also see sell side liquidity, as market is creating higher highs, sellside liq is building..
What's the move? = Sit on your hands and study price action carefully. We not done for this week yet trust that ;)
Those psychological levels are in play..
Follow your rules !
we can see bullish momentum with gold currently
- Breaking previous highs
- Sweeping lows
- Buyside target
We can also see sell side liquidity, as market is creating higher highs, sellside liq is building..
What's the move? = Sit on your hands and study price action carefully. We not done for this week yet trust that ;)
Those psychological levels are in play..
Follow your rules !
if you entered around this zone and targeted last weeks high after Londons killzone you should be 0.50% up. With Gold thats plenty.
The Nyc session switched direction and hit the 4hr flipzone(stop hunt) - ask yourself whats really happening you...