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Ibrahim1984
Jul 30, 2023 10:27 AM

Gold down then up Short

GOLD (US$/OZ)TVC

Description


**For week 31-7-2023 until 04-08-2023. Price : 1959
My Idea about Gold the price will go down from price 1968 to 1932 -1930 to complete wave c from 4 and then will rise to 1982 again.
*If price stay above 1982 it will continue to 2007 - 2011 to complete wave 5.
*Looking for price action between level 1968 and 1972 to sell.
**SL 1975 (70 pip from 1968)

**NOTE: there is potential head and shoulders pattern on Daily Frame

** be aware for risk management

Trade active

as above analysis. around 300 pips, price now 1942 and waiting price at 1930 range to set buy position.

Trade closed: target reached

target reached .. close position 1934.
waiting for buy confirmation pattern between 1928 and 1932.

Trade active

re enter buy position as old analysis .. ST: 1925

Trade closed manually

close. waiting the price to confirm up trend by closing above 1952. I will share new chart. price now1943.
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