Waiting for new confirmation after 6th day of accumulation

10. Aug.

✏️Last weekend with a trading day in the accumulation range. Early this week waiting for new momentum to break the accumulation range from 3385 and 3405 to trade on the winning side. When breaking the lower range, a corrective wave will be formed and then create increasing waves to ATH. If breaking the upper range of the accumulation model, buying force can completely push the gold price to approach ATH around 3445 soon.

📉 Key Levels

• Support: 3383-3345
  
• Resistance: 3404-3431-3445
  

• BUY Trigger: Price rejection of the candle around support 3383
  
• BUY Trigger: Break resistance 3405
  
• Target 3445
  

• SELL trigger Break and trading bellow 3383
  
• Target 3345
  

Leave your comments on the idea. I am happy to read your views.

11. Aug.

Trade ist aktiv

Gold has broken the lower border and activated the SELL strategy towards target 3345

12. Aug.

Trade geschlossen: Ziel wurde erreicht

Thanks for your comments. The SELL breakout strategy below has reached FULL TP to the support zone 3345. The 3345 zone also brings profit.