Is Gold getting ready to surpass its current high & reach a new one? Very high possibility!
Even though a little more downside is expected, this version could also play out very well. I am currently holding short positions, but will open a buy as a hedge. I will keep you updated on this move!
We've seen a Wave 1 & Wave 2 completion on the 12HR TF, followed by a CHOC + BOS which indicates a change in trend direction. If market can BREAK ABOVE the last high of $1,952 this move here will be a very good play to get into.
Even though a little more downside is expected, this version could also play out very well. I am currently holding short positions, but will open a buy as a hedge. I will keep you updated on this move!
We've seen a Wave 1 & Wave 2 completion on the 12HR TF, followed by a CHOC + BOS which indicates a change in trend direction. If market can BREAK ABOVE the last high of $1,952 this move here will be a very good play to get into.
Trade attivo
My bullish stance on Gold still remains the same. Yesterday when Gold sell's got closed out, the bullish momentum violated a lot of structures to the upside, indicating a possible change in direction. As long as Gold remains above the last low of $1,901 I am still bullish.However, if Gold breaks back below the low of $1,885 we can go back to looking for our original sell targets of $1,887 - $1,850📉 Either way we closed out Gold sells at £8,000 profit so we can't lose either way!
Trade attivo
As expected Gold is holding its bullish structure. We saw all the weak traders FOMO into sell positions during FOMC, when they originally saw the melt off. The typical retail trader would have entered sells at the bottom & now holding onto drawdown or closed losses.Our buy's within the Gold Fund are running in nice profits & this is only the START OF THE MOVEđź’Ş
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TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
Pubblicazioni correlate
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.