This is the 15M chart of gold last night. You can clearly see the swing low formed during Asian session was taken out just before NY session. The red line is the one I posted on the daily to Blisto what I referred to as the soft support. Highlighted is where entries could be set as price pulled back but this setup was more stubborn as it build up orders before reversing. Too late for me on these small TF going into bedtime. I don't want to be stuck managing the trade exposure.
On the daily I see 1334.20 on my broker feed a problem for price to snap through. There is some congestion. However at 1300 circa support, plenty of space for price to rally.
