금 (US$ / OZ) CFDs

GOLD $GC XAUUSD Target Hit - Update

159
Traders and Investors,

W pattern completed as expected and posted about a few days ago. This has given us a great long swing opportunity and then several long and short opportunities on smaller time frames. We have been trading around the levels and zones taking one of them at a time. Whereas one swing long position has been running for this W pattern completion target.

When W pattern completes the market take a correction, this is why today price fell a bit from the FCP zone as expected. It is now consolidating. Lets see if see a further correction or a breakout in the NY session.

Trade what you see, wait for the confirmations and manage the risk as always.

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