GOLD 0.51% $1,391.7 gold futures

gold, page-22862

  1. 43,735 Posts.
    lightbulb Created with Sketch. 1030
    I am just wondering if you look at candlesticks at key levels?

    gold.png

    I was waiting for the reversal at either of the 2 lower Horiz levels. The red arrow shows a pin bar rejection off the higher one. At the time price was heading straight into the block congestion of the DT so trade wise I don't like this type of setup. Also I thought the swing was too shallow, another sign it was a potential pullback rather than a full blown reversal. This was the reason I went bullish albeit late call but I was looking for this confirmation at either support levels.

    Anyway we watch and learn, lose some and make some and hope we make more than we lose. Good luck.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.