Gold, first lond then short from 1954-60 area

21. Jan. 2023

Gold is on a rising wedge, a bearish pattern and i beleive that it will give another push up probably from 1916-1922 area to 1954-60 area and then finally start a correction to 1880 and if that area is broken to 1809.
Like and coment my idea

23. Jan. 2023

Anmerkung

Buy trade active from 1919.

23. Jan. 2023

Anmerkung

Another buy added @ 1915, trade is looking good. Will collect partial profits @1943 and if confirmed will enter sell at that point. Otherwise will wait for 1954 and will take a sell with sl 1964.

24. Jan. 2023

Anmerkung

first target 1943 is achieved, this trade made 280 pips from 1915 and 240 pips from 1919. I will be looking for shorts now around 1943 or 195x area.

24. Jan. 2023

Trade ist aktiv

24. Jan. 2023

Anmerkung

Sell from 1940 area is in profit 200 pips

25. Jan. 2023

Anmerkung

I keep selling 1940 area and trades have been successful so far. If price will reach 1954 i will sell again.

26. Jan. 2023

Anmerkung

Sell from 1949 looking good, if the price will manage to break and mantain below 1927 i expect 1903 to be next. Otherwise we might see higher prices.

26. Jan. 2023

Anmerkung

Sell from 1949 made 300 pips, i expect the price action to continue bearish from 1933 until 1904, where i expect a pullback to 1920 area end the resume the bearishness to 1880-1872. If 1933-35 area is violated then i expect another push up to 1950.

27. Jan. 2023

Anmerkung

Sells from 1949 managed to make 330 pips. I beleive next week price might revisit 1950 area and then face a proper correction to our bearish targets

31. Jan. 2023

Anmerkung

Trade running 420 pips in profit from 1949.

3. Feb. 2023

Anmerkung

As predicted gold broke out of the rising wedge and hit our first target 1880. I expect more fall next week, I expect the price to touch 1866 and then face a correction to 1900 and then continue to our next target 1809.

3. Feb. 2023

Trade geschlossen: Ziel wurde erreicht