Gold 2 Scenarios!
Updated
Hello Traders,
Here we have a
XAUUSD long trade idea. If you like this idea please show your support!
This trade idea is based off the fact that GOLD is currently in a wedge structure and we are waiting for a break or a touch of our lower trendline to secure our entry.
We have 2 outcomes for gold now as price has been getting tighter in this wedge.
Scenario A - Price breaks through the wedge structure to 1832 zone.
Scenario B - Price will retest 1756 zone where .61 fib level is. and break through the wedge structure to 1832 zone.
We are waiting for the price to reach one of our zones before entering. Make sure to set your Stop Loss as you can liquidate your account with 1 gold trade.
Please trade with caution and make sure you set your stop losses! Happy Trading 😁
Be sure to check out my other ideas below!
Here we have a
XAUUSD long trade idea. If you like this idea please show your support!This trade idea is based off the fact that GOLD is currently in a wedge structure and we are waiting for a break or a touch of our lower trendline to secure our entry.
We have 2 outcomes for gold now as price has been getting tighter in this wedge.
Scenario A - Price breaks through the wedge structure to 1832 zone.
Scenario B - Price will retest 1756 zone where .61 fib level is. and break through the wedge structure to 1832 zone.
We are waiting for the price to reach one of our zones before entering. Make sure to set your Stop Loss as you can liquidate your account with 1 gold trade.
Please trade with caution and make sure you set your stop losses! Happy Trading 😁
Be sure to check out my other ideas below!
Trade active
Price reacted to our Scenario B and reacted exactly as planned!
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