GOLD / 1202

Intraday 1202 become more of a keylevel.
I am in sell from it based on last idea.

But if taken out I go out of sell.

Komentarz:

Based on some BL3 class and BL4 class Gold transitions and phases we have a chance to see 1208. Keep that in mind, that being said 1202 can be taken out.

Komentarz:

Gold price for now not willing to cross MDP from weekly Sentiments, and chance getting bigger price go for 1208.
postimg.org/image/g2scgomwj/
I think I close the sell maybe and go long.

Zlecenie aktywne:

Based on update above I decide to risk the longs and price may see that 1208.
Keep in mind that 1202 - 1204 is stronger monthly level that can keep the price away from seeing its intraday target 1208.
postimg.org/image/jpdon6crh/

I move the SL to BE for this long. It is based on Sentiments and transitions but still Monthly levels are stronger, but lets see how it unfolds.

Komentarz:

Had to leave for emergency situation and didn't set BE nor SL for my long trades because price cross one Transition
Now I come back and see great shakeout but price back on transition again.
Transition is the king!

postimg.org/image/x2hdwhjf3/
Will close the long trade any time before today's market close!
Booya!