STOP/ENTRY/TP - XAU - LONG( 4% )

Will we get our TAKE PROFIT TREAT or is a terrible STOP LOSS TRICK what's in store???

Waiting for PA to re-test our standout low.

Entry at slightly better value to the majority.

Only going so far as the 0.382 retrace for the reversal, counter trend...

Time to occur before the next RATE HIKE. - Which you certainly don't want to go long against.

The Economy is still incredibly strong across the world and XMAS shopping will give inflation even more strength.

HAPPY HALLOWEEN TO YOU ALL.

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🚨 REMEMBER TO JOURNAL ALL YOUR TRADES USING A DEDICATED TRADING JOURNAL 🚨

Comment:

I thought CPI would have pushed price down to the entry. SO THIS IDEA IS ARCHIVED NOW.

OH well - Let's see what gold does on NOVEMBER 1-2 2022.
RATE HIKE - 75 BPS.

Although a surprise of 1% Rate Hike would help to counter the talk around FED PIVOT. Which ain't happening.