XAUUSD Traders were getting rekt today. Heres why.
Good evening gold gang! hope you are well! .. we caught great trades today being patient and waiting for the best entries
Price ranged around the 1993 most of the day trapping traders looking to go long before sinking down and bouncing from the algo and coming back up to the 1993 once again ... frustrating if you were not patient like us!! we grabbed the move down perfectly
the 1993 is a large algo level attracting price there collecting orders ready for the next move be it up or down
tomorrow im looking for buys at the 1980 level. Its a great daily level. .. a 4h close above 1993 is a good confirmation to buy up before sells at the 2002 algo
Lets have a good un!
catch you in london
tommy
Price ranged around the 1993 most of the day trapping traders looking to go long before sinking down and bouncing from the algo and coming back up to the 1993 once again ... frustrating if you were not patient like us!! we grabbed the move down perfectly
the 1993 is a large algo level attracting price there collecting orders ready for the next move be it up or down
tomorrow im looking for buys at the 1980 level. Its a great daily level. .. a 4h close above 1993 is a good confirmation to buy up before sells at the 2002 algo
Lets have a good un!
catch you in london
tommy