Gold W buy idea 2/3/23
Just noticed that I never posted this previously. So I am posting it now. Price has returned to the zone that I was looking to be able to buy from. This area is currently also the 50-61.8% FIB. So I am looking to buy gold next week depending on the direction at market open
Trade active
Initially entered a .02 lot on this weekly set up for the buy. Still in drawdown because price did continue bearish. Entered an additional trade in the current bullish price movement that hit TP for 175.7 pips.
Currently no bearish structure break on the weekly, so I am overall still bullish on Gold. Price had bounced off a key level (white box) + 88.6% FIB level +broke the previous week high, with a bullish engulfing candle. Looking for price to continue bullish to the upside and take out the highs.
Trade active
For anyone with the stomach for long term trades, this trade has never hit SL and is back in profit now.Trade active
For anyone following this idea, price is almost to the TP that I had shown in this markup. You can take partials, close, or hold to see what price does when market opens back up.Trade closed: target reached
Thank you for following this idea!!TP hit
Catch profits with me!
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.
Catch profits with me!
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.