Confirmation or a new LH GOLD! Study "Scenario 1"
Updated
For now, I don't think that gold made a turn. hence, didn't complete a proper low, should it? need a solid bullish turnaround to make a clear judgment.
From "Scenario 1" I for seeing that the wave in pinkish color has been corrected for 50%-61.8% and respected that area a conformation would be breaking 1751 with a strong movement. I have to hold on to my targets of wave 5-C-4 for now.
please check Scenario 2 as well.
From "Scenario 1" I for seeing that the wave in pinkish color has been corrected for 50%-61.8% and respected that area a conformation would be breaking 1751 with a strong movement. I have to hold on to my targets of wave 5-C-4 for now.
please check Scenario 2 as well.
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I think we are in a situation in everybody is right and wrong at the same time, typical wave 4 right? Or 1-2? I'm not trading atm might be small trades here and there but where I look into solid structure, that's impossible to answer right now. I still foresee an unexpected fall, wish you all best, and I will keep updating the chart for you.
Trade active
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TP1 reached
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A bounce is expected around shark pattern area, a confirmation of the RSI trend and PA, heading to 1760-1770 area where my second entry is.Note
Closing some profit, awaiting a bounce with confirmation of breaking RSI trend and PA trend, with that shark pattern Note
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I'm still on this route, wave 2 seems to be over, and now we are heading to 3 of C of 4.Trade active
Both positions are active.Note
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Quick update, though it's working out nicely, I wouldn't trust the uncertainty of a market and what it can do. I see a Gartly forming with 4H divergence, I'm not looking to buy I will wait for the second reaction "Type 2", what I'm looking for is to close my orders and bag out huge gains and be happy ;).Trade closed: target reached
All closed happy 1:30 RRR, I will reassessment the structure and see what with this slow movement that has no volume.Note
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see you in 3 months
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