u/Long_Report5260

I was looking at gold chart and according to my analysis gold gonna give a great sell setup in today's NY session.

WHAT DO YOU GUYS THINK,

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A News is coming that two missiles struck us navy ship at strait of Hormuz.

GOLD plunged quickly and usd gained strength amid fears of escalation

I saw Many people use 5m and 15m and even 1m for entries and analysis. But personally I think anything under 30m is noise .

Even 30m can be a manipulation but if you keep eye on 4h and 1h along with 1d then chances of your winning are greatly high.

I used to enter on 5m and 15m but now I think I was chasing butterflies back then.

WHAT DO YOU GUYS THINK

Fed didn't cut rates, FOMC press conference was kinda hawkish zgold was expected to fall and it did but today it gave pretty quick bounce.

I think it's just dead cat's bounce and I'm planning sell entries around 4660.

SHARE , WHAT DO YOU THINK