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Gold Trading Log
Yesterday's narrow channel, early bets on reversal failed in the afternoon, leading to a significant profit retracement.
Subsequent market reactions are based on the premise of inertia; no reversal is made before this condition is met.
Continue to follow the principle that the probability of reversal in a narrow channel is low, and keep aiming for continued profits with gap MM targets.
Today, in the Asian session, the bottom of the narrow oscillation range failed to break through, so a counter-trend was taken at the top breakout, aiming for the right side of the range with twice the volume target $XAUUSD