Gold broke the up TL and reached 1670 on monday and was in the conslidation for 2 days.
It test 1642 support line a couple of times and the support seems valid.
It is trying to break the retracement TL at 1650 again, and if it valids, the gold will test a new high and complete the wave 5, which is the wave v in the bigger cycle wavea count.
No plan, no trading.
Long at 1645-1650, TP 1670
SL: 1640
It test 1642 support line a couple of times and the support seems valid.
It is trying to break the retracement TL at 1650 again, and if it valids, the gold will test a new high and complete the wave 5, which is the wave v in the bigger cycle wavea count.
No plan, no trading.
Long at 1645-1650, TP 1670
SL: 1640
Trade active:
added long at 1645 now
Comment:
Gold reaches 1656 now. Hold the position
Trade closed manually:
I closed 50% of my long at 1663 due to a resistence line.
Trade closed: target reached:
all my long closed now due to a sudden attack to the trend.
