$GPS is sitting in a pullback, and I think it's a setup worth watching.
The plan (spot scalp, long bias):
Entry zone: 0.01140 – 0.01152
Targets: 0.01168 / 0.01185 / 0.01205
Stop-loss: 0.01125, strict,
sitting below the recent swing low and EMA support
If 0.01125 breaks, the structure is broken and I'm out, no hoping. That's the whole point of defining risk before entering. Scale out across the three targets instead of waiting for a perfect top.
On the 1h chart, the 28th brought a nasty rejection wick, one long red candle that shook out a lot of weak hands. What matters is what came after: price stopped bleeding, printed higher lows, and pushed back above the 0.01140–0.01150 zone. It's now holding above the rising EMA 9 at 0.01137. That's buyers quietly defending ground, not a dead-cat bounce.
#GoldFallsTo$4144
#Market_Update
#Signal.
The plan (spot scalp, long bias):
Entry zone: 0.01140 – 0.01152
Targets: 0.01168 / 0.01185 / 0.01205
Stop-loss: 0.01125, strict,
sitting below the recent swing low and EMA support
If 0.01125 breaks, the structure is broken and I'm out, no hoping. That's the whole point of defining risk before entering. Scale out across the three targets instead of waiting for a perfect top.
On the 1h chart, the 28th brought a nasty rejection wick, one long red candle that shook out a lot of weak hands. What matters is what came after: price stopped bleeding, printed higher lows, and pushed back above the 0.01140–0.01150 zone. It's now holding above the rising EMA 9 at 0.01137. That's buyers quietly defending ground, not a dead-cat bounce.
#GoldFallsTo$4144
#Market_Update
#Signal.