✴️ GOLD Daily timeframe. March 10
Gold is in the 1860-1810 range. The price is locked in a consolidation, but before Friday's news release, the market maker can build enough traps.
1) Price recovers to the zone of interest, resistance 1860
2) Since price is inside the range, it's worth focusing solely on support and resistance. There are three actual trading strategies: breakout, rebound and false-break.
3) The local trend is neutral, which means that we can both buy and sell.
4) The global trend is bearish.
5) There is news ahead. We observe the rules of trading before the news and we also watch the daily risks.
1) Price recovers to the zone of interest, resistance 1860
2) Since price is inside the range, it's worth focusing solely on support and resistance. There are three actual trading strategies: breakout, rebound and false-break.
3) The local trend is neutral, which means that we can both buy and sell.
4) The global trend is bearish.
5) There is news ahead. We observe the rules of trading before the news and we also watch the daily risks.
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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