Post trade analysis -
Price retested and rejected most recent high / mot recent supply pre news
News release negative for US - Typically causing bull run in gold
Would have entered on the bullish engulfing candle at the pivot point.
Possibly piped out on spread .Price suggesting retest of most recent low/ most recent demand
1.Close at break even
2.Modify r:r with stops below most recent lows./DCA at most recent low
Price retested and rejected most recent high / mot recent supply pre news
News release negative for US - Typically causing bull run in gold
Would have entered on the bullish engulfing candle at the pivot point.
Possibly piped out on spread .Price suggesting retest of most recent low/ most recent demand
1.Close at break even
2.Modify r:r with stops below most recent lows./DCA at most recent low