Long

Gold buy Setup

Aktualisiert

XAUUSD had been on a bullish trajectory for a while on the weekly timescale. It is currently now in a retracement. Using Elliot's wave correction as a template, we can anticipate the nature of the pullbacks, and where we might profit.
My current target is discount at 1920 about 930pips.
If we break the recent low, I would be looking for a 1h demand zone retest.

*As always, trade cautiously.

Anmerkung

hmmm

Trade ist aktiv

I would be anticipating something like this on the 4H:

Trade ist aktiv

I don't like the way this is looking. I have set my SL to BE. Price ought have broken the high already. So there is a possibility for a break of the low before we see bullish momentum.

Trade wurde manuell geschlossen

I am out. The moment price broke that low, the pattern changed. Would look for a better entry or watch price reaction at the 1.618.

Anmerkung

Trade ist aktiv

There might be another opportunity for entry.

Anmerkung

I am closing this trade.

Anmerkung

my expectations for this new week:

Anmerkung

4h is looking bullish. I would be looking for buy setups now.

Anmerkung

Trade ist aktiv

We are almost at TP! what a ride!

Trade ist aktiv

I took 90% profit of the trade at 1912. If there is a clear opportunity to buy to TP, I would add another position.

Trade geschlossen: Ziel wurde erreicht

Sweet!!! 😍😍

SwingingPrime

Auch am:

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.