#gold *Update Asian session
The current price has increased to 4223, which means it will be active according to plan 1.
For example: The price is sideways Asia often has a mixed trading rhythm - just like yesterday when the price increased sharply >4220 and then decreased.
Therefore, be careful that the price rhythm can increase to 4229 or 4231. If there are 2 price levels, short directly.
The previous price level of 4223 should only be prioritized for shorting before a probing order (30-40%) vol.
or you can even choose the following options:
1. Short 20% at 4223
2. Short 50%-60% at 4229/4231
3. When the price drops back to lose the 4223 level, short the rest according to the pullback rhythm (scenario as chart).
In general, it's just dividing the position into pieces, nothing more, because the price range is sideways, so there are crazy increases and decreases. It's difficult to calculate the exact price levels.
#gold *European session update
The price basically didn't move at all :))) the crash happened at noon, liquidity is not guaranteed now so it's hard to say.
If you look at silver, it seems like a downtrend has been established. However, because Gold is sideways in a wide range, calculating the entry price will be more difficult.
If you trade according to the price rotation axis, the range around 4215/4217 can be accepted for shorting.
Expected scenario: The price increases again, surpasses 4195 then recovers. The 4195 mark was yesterday's price bottom so the price created a false bottom and entered a recovery phase. And it is possible to enter short following the trend at 4215/4217 (stp 13 price)
But I say in advance, this short point is easy to be hunted stp!
I still somewhat defend the short view at 4223 and 4230 (if any). But the current price rhythm, opening a position is a bit sour!
Or maybe it's because my system is stupid in calculating prices at these current sideways borders :D
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