XAUUSD - 4H - Triangle followup

FX:XAUUSD   Gold/U.S. Dollar
155 0 5
a year ago
As mentioned in previous gold             posts, im still lookin for more bullish upside in gold             after breaking the triangle to the upside.
we are currently approaching the upper band of recent consolidation (orange box) so if we can find a breakout out of it one way or another i will be looking to buy.
due to the lack of structure i can deduce targets from, my targets are just 1.13 1.27 and 1.618 extentions of the big upimpulse we saw since december.
those targets are for the big breakout tho,if we complete the smaller flag, my targets will be different (as well as my stops)
a year ago
Comment: We completed the bat pattern inside the orange box on the 5min. im ofc stayin away from this due to the bull nature of the market currently and the fact that its a 5min pattern (which i rarly trade plain). but if we can find some confirmation breaking the dotted blue line, i might be interested in a sell to anticipate one more downwave in the orange box
a year ago
Comment: worked out so far, but unfortunately the flag wasnt clean enough for me to find an entry. if we break lower from here then i will look at this next area for another consolidationlevel to possibly sell
a year ago
a year ago
Comment: market spiked highr above the trendline and is now consolidating in that area, if we see a break to the upside i will be looking to buy as origninally planned
a year ago
Trade active: TG1 is 1240 are at the rest of recent structure, not sure yet what im doin with TG2 and 3, i will think about that later
a year ago
Trade closed: stop reached: first attempted got stopped out, no strengh in the market. im now waiting for a bit bigger consolidation to start a second attempt
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