Gold Wednesday Trading Strategy
Yesterday gold had a strong increase to test virgin POC at 2200 H4 and then returned to 217x price. It is important that you understand POC to judge upcoming situations.
So today, the opening price of gold is below the pivot but above the POC. I prefer to follow the direction of POC so my expectations are BULLISH. We will wait for a reversal signal when the price returns to test the key levels
Zone Analysis
- 2169 is zone m5
- 2160 is zone m15
- 2146 is zone m30
So today we will look at BUY:
Entry Buy: 2169 - 2160 - 2146
Target: 2187 - 2196
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