GOLD BASE BASE PLAN
Updated
I think we'll see a 4 week correction before going long. I feel we have +1000 pips of short opportunity.
I'll have short scalping positions till we see 1174.
If we come to 1174 area then my base plan will turn to the long side.
If prices rise above 1310-20 area I'll revise this plan.
I'll have short scalping positions till we see 1174.
If we come to 1174 area then my base plan will turn to the long side.
If prices rise above 1310-20 area I'll revise this plan.
Trade active
First short entry 1285. Bearish gartley on 15M chart. If breaks 1274 then it'll go 1265.Trade closed manually
closed short position temp. +60pipsTrade active
Long position. 1264. Targeting to retest 1300-1307 area.Comment
closed long pos without loss. Wait and see.Trade active
Long 1268. Not confirmed by price action. If bounces then it will be impulsive. TP1 1285, TP2 1309
Comment
Now we have bounce. I think it confirmed long impulse. Good luck.Comment
closed pos +20 pips. Sideway market. So its better scalping for +50-100pips. At least no loss.
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.