Just noticed that I never posted this previously. So I am posting it now. Price has returned to the zone that I was looking to be able to buy from. This area is currently also the 50-61.8% FIB. So I am looking to buy gold next week depending on the direction at market open
Trade attivo
Initially entered a .02 lot on this weekly set up for the buy. Still in drawdown because price did continue bearish. Entered an additional trade in the current bullish price movement that hit TP for 175.7 pips.
Currently no bearish structure break on the weekly, so I am overall still bullish on Gold. Price had bounced off a key level (white box) + 88.6% FIB level +broke the previous week high, with a bullish engulfing candle. Looking for price to continue bullish to the upside and take out the highs.
Trade attivo
For anyone with the stomach for long term trades, this trade has never hit SL and is back in profit now.Trade attivo
For anyone following this idea, price is almost to the TP that I had shown in this markup. You can take partials, close, or hold to see what price does when market opens back up.Trade chiuso: obiettivo raggiunto
Thank you for following this idea!!TP hit
Catch profits with me!
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Catch profits with me!
Declinazione di responsabilità
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.