FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Here is the Projection of Main stream wave for Gold On H4 Chart .

Reversal area is 1340 /1350 for a correction in ABC till 1300 .

I m short from 1340 on H4 chart till 1300

Long will be unleashed from 1300 area .

Thanks for Support and following me .
Regards to all . Wish all of My Follower many Green Pips .

Elliot Wave By mazchaudhry

Comments

I have open position sell on 1260 should I cut my losses if it reaches 1300?
Reply
@M14SUJ, Hedge it ,,,at 1320.00/1325.00 ....and change your direction to North . No other solution . If you cut it ,,you are going to pocket the Loss ,,,In Hedge by opening a equal amount of buy lot size against sell ,,Loss will be Locked ,,,Now one more Buy from 1320/1325 till 1450 will get you profit .. Close the Hedge at 1450 .
Reply
M14SUJ Elliot_Wave_Reloaded
@Elliot_Wave_Reloaded, Thanks for advice
Reply
Nice, this is in line with my analysis for Gold, good luck
Reply
Elliot_Wave_Reloaded abdulrahman.tayyeb
@abdulrahman.tayyeb, Please don't write "Good Luck " Here Again . Trading is 100% Mathematical . Luck is Gamblers . Hope you understand . Regards
Reply
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