cecedidit

Gold D Buy Idea 4/6/23

Long
cecedidit Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Looking for Gold to hit the 50% area of the D FVG that has been created and return back bullish. On the flip side, price could break that 50% zone to create an evening star. BUT since structure has not been broken I am still bullish and looking for the bullish bounce at the 50% area to continue bullish.
Trade active:
Price did not hit the D 50% FVG, but it hit the 4H FVG perfectly. However I was still activated because I had a .02 buy limit in from the 5m bullish swing from yesterday. So I'm still in the trade, just not at a full lot size. Will look for an entry to get in at a higher lot size to capitalize on the move
Trade active:
So gold dipped a lot lower than I thought it would, but my SL held up and I'm still in the trade headed to TP
Trade closed: target reached:
TP was hit during AM news. Also caught a 4H and 30 B FVG during news today. So that was 3 trades that hit TP.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.