Gold was swing between 1660 - 1680 yesterday as I expected but didn't touch the previous high 1685.
As seen in the chart, it completed a-b-c-d-e and seems finish the correction wave B and I will be waiting for the impulsive C.
If the price doesn't break today, Gold will swing for one or two more days to make a double triangle.
For my trading plan, short only.
sell limit at 1670 (Super light slot )
sell limit at 1680 (normal slot)
sell stop 1657
NOTE: Follow with your own risk
SL 1687, TP 1635 ~ 1640
As seen in the chart, it completed a-b-c-d-e and seems finish the correction wave B and I will be waiting for the impulsive C.
If the price doesn't break today, Gold will swing for one or two more days to make a double triangle.
For my trading plan, short only.
sell limit at 1670 (Super light slot )
sell limit at 1680 (normal slot)
sell stop 1657
NOTE: Follow with your own risk
SL 1687, TP 1635 ~ 1640
Trade active
open sell at 1670 already.Trade active
I close partial of my position (20%) cuz 1650 is a quite strong support.Trade closed: target reached
all my position closed at 1445
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.