XAUUSD had been on a bullish trajectory for a while on the weekly timescale. It is currently now in a retracement. Using Elliot's wave correction as a template, we can anticipate the nature of the pullbacks, and where we might profit. My current target is discount at 1920 about 930pips. If we break the recent low, I would be looking for a 1h demand zone retest.
*As always, trade cautiously.
Comment
hmmm
Trade active
Trade active
I would be anticipating something like this on the 4H:
Trade active
I don't like the way this is looking. I have set my SL to BE. Price ought have broken the high already. So there is a possibility for a break of the low before we see bullish momentum.
Trade closed manually
I am out. The moment price broke that low, the pattern changed. Would look for a better entry or watch price reaction at the 1.618.
Comment
Comment
Trade active
There might be another opportunity for entry.
Comment
I am closing this trade.
Comment
my expectations for this new week:
Comment
Comment
Comment
4h is looking bullish. I would be looking for buy setups now.
Comment
Trade active
We are almost at TP! what a ride!
Trade active
I took 90% profit of the trade at 1912. If there is a clear opportunity to buy to TP, I would add another position.
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.