Wait for a pullback then BUY
Updated
Hello, i marked all the areas in the chart above, my plan for today is to wait for a pull back on gold in the support zone area, then will fly to 1800 minimum.
Watch for the red circle, i put 3 buy limit with differents TP but same SL :
1st : Buy limit 1790 with TP 1795 (50 pips),
2nd : Buy limit 1789 with TP 1800 (110 pips),
3rd : Buy limit 1788 with TP 1805 (170 pips)
All SL are at 1785, if gold fall below, i will try to recover because i already prepared a 4th buy limit just in case :
4th : Buy limit 1780, TP 1800 (200 pips), SL 1770 (100 pips).
For me the 1785-1790 would be a perfect zone for bullish area as the gold already lost almost 100$ since last week without any major pullback + yesterday it got a hard time going below 1785 and was immediately rejected and now on low TF we see support line at 1790 and 1785 which is clearly indicate to us it will be the battlezone.
But because the gold didn't made any major pullback, for me the bulls will win this battle at least for today, and bring up the gold above 1800, if from this moment it will happen to the end of this weekly trading session the bears are not able to bring it back below the 1800 psychologic support, we could see gold fly until 1900-2000 by the end of the year next month.
IF bears destroy the bulls, i'm gonna wait the gold get reject by the support in in the 177x, 176x and 175x to open and long swing trade for the 2000$ by the end of the year.
What do you think about my positions and my analysis guys ?
Watch for the red circle, i put 3 buy limit with differents TP but same SL :
1st : Buy limit 1790 with TP 1795 (50 pips),
2nd : Buy limit 1789 with TP 1800 (110 pips),
3rd : Buy limit 1788 with TP 1805 (170 pips)
All SL are at 1785, if gold fall below, i will try to recover because i already prepared a 4th buy limit just in case :
4th : Buy limit 1780, TP 1800 (200 pips), SL 1770 (100 pips).
For me the 1785-1790 would be a perfect zone for bullish area as the gold already lost almost 100$ since last week without any major pullback + yesterday it got a hard time going below 1785 and was immediately rejected and now on low TF we see support line at 1790 and 1785 which is clearly indicate to us it will be the battlezone.
But because the gold didn't made any major pullback, for me the bulls will win this battle at least for today, and bring up the gold above 1800, if from this moment it will happen to the end of this weekly trading session the bears are not able to bring it back below the 1800 psychologic support, we could see gold fly until 1900-2000 by the end of the year next month.
IF bears destroy the bulls, i'm gonna wait the gold get reject by the support in in the 177x, 176x and 175x to open and long swing trade for the 2000$ by the end of the year.
What do you think about my positions and my analysis guys ?
Trade active
All my buy limit got touched, i moved their SL at 1783 below the second support line, now i'm waiting for the take-off !
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