Gold, first lond then short from 1954-60 area

Gold is on a rising wedge, a bearish pattern and i beleive that it will give another push up probably from 1916-1922 area to 1954-60 area and then finally start a correction to 1880 and if that area is broken to 1809.
Like and coment my idea

Comment:

Buy trade active from 1919.

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Another buy added @ 1915, trade is looking good. Will collect partial profits @1943 and if confirmed will enter sell at that point. Otherwise will wait for 1954 and will take a sell with sl 1964.

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first target 1943 is achieved, this trade made 280 pips from 1915 and 240 pips from 1919. I will be looking for shorts now around 1943 or 195x area.

Trade active

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Sell from 1940 area is in profit 200 pips

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I keep selling 1940 area and trades have been successful so far. If price will reach 1954 i will sell again.

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Sell from 1949 looking good, if the price will manage to break and mantain below 1927 i expect 1903 to be next. Otherwise we might see higher prices.

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Sell from 1949 made 300 pips, i expect the price action to continue bearish from 1933 until 1904, where i expect a pullback to 1920 area end the resume the bearishness to 1880-1872. If 1933-35 area is violated then i expect another push up to 1950.

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Sells from 1949 managed to make 330 pips. I beleive next week price might revisit 1950 area and then face a proper correction to our bearish targets

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Trade running 420 pips in profit from 1949.

Comment:

As predicted gold broke out of the rising wedge and hit our first target 1880. I expect more fall next week, I expect the price to touch 1866 and then face a correction to 1900 and then continue to our next target 1809.

Trade closed: target reached