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GoldKingXAU
Feb 19, 2023 3:51 PM

Buy 1842-1832 , TP - 1885 , SL - Below 1817 Long

GoldOANDA

Description

Gold has left a Long Wick implying some up movement to be had towards the Demand Zone around 1880-1890 on Daily Chart , I'll use 3% Risk for this and will update when i take the trade.

Trade active

Sorry for the late update, buy limit activated at 1838 and 1840

Comment

No Big Moves today because of Holiday in United States , We're still up 50-60 pips from the initial entry, let's see what tomorrow Holds

Comment

Setup is valid again for entry !!

Comment

Another layer added at 1833

Trade closed manually

All positions closed at 1843 for now will re enter again

Trade active

Bought 1% risk at 1835 , will update if i will add more

Comment

Bought at 1827.8 again,

Comment

Stop loss missed by 3 pips

Comment

Trades added at 1819 , 1822 respectively , stop loss moved to 1807 because i can see dip buying at play here Subsequent movement till 1852 atleast

Comment

Further layers added at 1810 target same stop loss moved to 1795 , I'm exposing the risk because bullish signals have started to develop

Comment

Added position at 1807 earlier looking for further upside as of now

Comment

Squared off all my positions at 1827.81 with one position at loss which i bought at 1835 , on other positions made nice profit ranging from 200 pips to 50 pips , 80 pips , 170 pips all over really nice profit, let's not get Greedy

Trade closed manually

Comments
tommyXAU
Nice analysis
GoldKingXAU
@tommyXAU, thanks
GhNik01682615_4637
I say gold is for down
GoldKingXAU
@GhNik01682615_4637, up or down as for now i see a clear short covering till supply zone or atleast 50 DMA at 1862 region
GhNik01682615_4637
charandiat say you.
AdilHussain731333
nice
JoeChampion
I love the RR!
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