GOLD SNIPER FOR DAY TRADERS
In the higher TMs Gold was still in a Bearish trend which has just unfolded,so when doing a drop down analysis up to the H4 TM(Timeframe) we found that the price in gold was still indecisive and consolidation,so in other words meaning we still trading in consolidation while in the M15 chart.So in the M15 price dropped a bit during the FOMC statement and we're now about to rally as it was liquidating the area of EQLs and returning into that last POI(Point of interest) it had tapped into.So we now waiting for it to rally up to our QML where it'll also be our TAKE PROFIT and Sell entry.
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