BA_Investments

GOLD READY FOR NEW ATH?!πŸš€

Long
BA_Investments Updated   
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Is Gold getting ready to surpass its current high & reach a new one? Very high possibility!

Even though a little more downside is expected, this version could also play out very well. I am currently holding short positions, but will open a buy as a hedge. I will keep you updated on this move!

We've seen a Wave 1 & Wave 2 completion on the 12HR TF, followed by a CHOC + BOS which indicates a change in trend direction. If market can BREAK ABOVE the last high of $1,952 this move here will be a very good play to get into.
Trade active:
My bullish stance on Gold still remains the same. Yesterday when Gold sell's got closed out, the bullish momentum violated a lot of structures to the upside, indicating a possible change in direction. As long as Gold remains above the last low of $1,901 I am still bullish.

However, if Gold breaks back below the low of $1,885 we can go back to looking for our original sell targets of $1,887 - $1,850πŸ“‰ Either way we closed out Gold sells at Β£8,000 profit so we can't lose either way!
Trade active:
As expected Gold is holding its bullish structure. We saw all the weak traders FOMO into sell positions during FOMC, when they originally saw the melt off. The typical retail trader would have entered sells at the bottom & now holding onto drawdown or closed losses.

Our buy's within the Gold Fund are running in nice profits & this is only the START OF THE MOVEπŸ’ͺ
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