11d • Trading Manual/Automated
Gold Trade options
To summarise the key points:
Right now price is at a critical pinch point — trendline support and channel base meeting at ~$4,501. The structure is still bullish but fragile here.
The play is to wait for the ISM PMI at 15:45–16:00 (about 3 hours away) to define direction:
- Weak PMI → bounce from here or shallow dip → Scenario A
- Strong PMI → dip into the FVGs → Scenarios B.
Scenario B (FVG 1 at $4,439–4,468) is the highest quality setup — better R:R and more confirmation than chasing a bounce right now.
We will see what the price brings later. Could be Bearish. But unlikely at the moment.
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Gold Trade options
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