Gold Spot / U.S. DollarUpdated GOLD - 2022 BUYS! 🔥
Gold has been really complicated to read recently with loads of volatility. Once zoomed out, we can see that we are in a bigger ABC correction and we're currently in the C wave.
The convergence point is the 1680 level where we have the major ascending trendline and structure level which we bounced off from numerous times.
Whilst we wait for that massive trade in 2022, we can capitalise on short term sells back to that level. For those that are waiting for the BUYS, I can assure you patience will pay. We have atleast a 1500pip move to our FIRST target! Plenty of money to be made on that one move alone!
See below for the weekly line chart:
Trade Idea:
- Watch for price to correct back to the 1680 level where we have the convergence point
- Once bullish price action appears, enter with stops below that level
- Hold your buys until 1830 (1500pips) as first target
Short term trade idea:
- Watch for bear flags and enter on the break of the flags back down to the bottom
- take quick profits
Let us know your thoughts below!
Goodluck and as always, trade safe :)
The convergence point is the 1680 level where we have the major ascending trendline and structure level which we bounced off from numerous times.
Whilst we wait for that massive trade in 2022, we can capitalise on short term sells back to that level. For those that are waiting for the BUYS, I can assure you patience will pay. We have atleast a 1500pip move to our FIRST target! Plenty of money to be made on that one move alone!
See below for the weekly line chart:
Trade Idea:
- Watch for price to correct back to the 1680 level where we have the convergence point
- Once bullish price action appears, enter with stops below that level
- Hold your buys until 1830 (1500pips) as first target
Short term trade idea:
- Watch for bear flags and enter on the break of the flags back down to the bottom
- take quick profits
Let us know your thoughts below!
Goodluck and as always, trade safe :)
Note
Weekly Candle Chart Note
GOLD Daily - higher timeframe looking like this. Will be looking to SELL Gold until the FED Rate Decision on March 15th where we'll be looking to BUY Gold
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Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.