00:00now we know gold has fallen down let me just secure this right over here
00:04all right done now let's say that you missed out on all this move as price came down what are you
00:11going to do if we take a look on the 30 minute time frame you will see how they're just candles
00:17there's no market structure so my favorite thing would be to look at the 15 minute and i'm going
00:22to be looking at this zone plus the resistance which we are creating right over here now this
00:28is very very important because of two reasons right number one reason is because we know that
00:33the trend is bearish now and if you want to take a buy you're basically taking a buy in a downtrend
00:39so what i would like to do is i would want to see that if we have a resistance i want to see if we
00:45can break this resistance right once you have a candle forming like this to break this resistance
00:50then you have confirmation that we could possibly correct this move this is very very important
00:58you know and we all know there was an impulse entry from here the price came down but anyway
01:03whatever right but this is what i'm trying to say if you have a trend that's coming down don't just
01:08take buys and hope that price will continue to go back up look for a very mindful confirmation so we
01:15can continue to push back up so waiting for candle confirmation is the best thing you can do plus if
01:20you look at the spreads there on gold one pip spread on gold on dominion market nothing gets better
01:24than this so anyway be safe
