EMOTIONS TESTER
Gold. . .well known as a metal that killed more men than any other precious metal in the world.
. . .and it still continues to do so,to this very day,emotionally.
Tired of only my TP1 and TP2 get hit and nothing more,come on now. . .
Ok so xau/usd has been making higher lows and leveled highs which signal a strong resistance around the 2526.+ zone which violated the upper declining resistance and inversely so,also violated the lower inclined support respectively.
A logical market next move would be an upside breakout move to where-ever the hell it may go to next,HOWEVER:
With the contrary circumstances at hand,looking at the bigger picture:
XAU/USD has reached the 2.618 Fib on monthly charts
XAU/USD has violated all diagonal trend lines without remorse
XAU/USD has been respectful to the 2526.+ level irrespective of higher lows
quite friendly,I am looking at capitalizing on weekly/monthly spike down to the weekly close because it is highly rare that a week or month may close without an adequate length of a spike both at the top or bottom or both.
A time based trade with logical SL and run to market close would be ideal in this situation.(sounds more of a calculated gamble than a trade,but then . . .why not)
Trade with care and use proper risk management skills.Best of luck.
. . .and it still continues to do so,to this very day,emotionally.
Tired of only my TP1 and TP2 get hit and nothing more,come on now. . .
Ok so xau/usd has been making higher lows and leveled highs which signal a strong resistance around the 2526.+ zone which violated the upper declining resistance and inversely so,also violated the lower inclined support respectively.
A logical market next move would be an upside breakout move to where-ever the hell it may go to next,HOWEVER:
With the contrary circumstances at hand,looking at the bigger picture:
XAU/USD has reached the 2.618 Fib on monthly charts
XAU/USD has violated all diagonal trend lines without remorse
XAU/USD has been respectful to the 2526.+ level irrespective of higher lows
quite friendly,I am looking at capitalizing on weekly/monthly spike down to the weekly close because it is highly rare that a week or month may close without an adequate length of a spike both at the top or bottom or both.
A time based trade with logical SL and run to market close would be ideal in this situation.(sounds more of a calculated gamble than a trade,but then . . .why not)
Trade with care and use proper risk management skills.Best of luck.
Trade closed: target reached
above 90% target reached.
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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.
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.