Technician
Long

Gold: Long On A Possible Risk-Aversion Spike

FX:XAUUSD   Gold/U.S. Dollar
693 10 8
Update: first target hit
Update: closed second half at 1258 following the major rejection today.
Profit(pips)= 230+160=390

I expect gold             to spike higher on risk aversion . The short term technical picture has improved significantly as well, as i discussed in my previous analysis.
This is a risky trade and may not work, but as the upside potential is really big i would be happy losing :)
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ
Trade is active now
Reply
thatguy
2 years ago
Damn... nailed that one! Nice work, keep it up :D
Reply
Update: First Target Hit, moved stop loss to break-even
Reply
Thinking 1230 will be revisited.
Reply
I closed the second half at 1258 following the major rejection
snapshot
Reply
Profit(pips)= 230+160=390
Reply
QuantitativeExhaustion PRO Technician
2 years ago
reverse the trade? short
Reply
Technician TOP QuantitativeExhaustion
2 years ago
Possible, I will see how price closes today, if we maintain current levels or lower, that would be a good short coming :)
Reply
Technician TOP Technician
2 years ago
what do u think?
Reply
QuantitativeExhaustion PRO Technician
2 years ago
Keeping us updated on SLV published chart. As far as EW counts.. still thinking truncated 5th wave corrective failure, so one more bottom for silver, but not lower than June low last year.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out