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kjwlegend
Apr 8, 2020 8:16 AM

Gold 0408 Analysis Long

GOLD (US$/OZ)TVC

Description

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


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.
Comments
TontonFlingueur
Congrats for your trade! . Do you expect a major correction once the 5 on V is reached?
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