UnknownUnicorn6034472

Swing game plan for GOLD short/long

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
The high time frame is bearish because the price is re-testing/mitigating losses up to $1490-1500.

I am HTF Bearish until $1500 will be reclaimed as support. Right now, I am waiting for more clarity.

Do you want to long?
Yes, wait for $1481 to be tested as support and have two main targets as $1490-1500.

Do you wanna short?
Yes you can, wait until $1480 is lost as support and short its re-test down to $1470-1458-1450
Trade active:
If you had limits orders at $1480 you are now filled. Let's take off some here, put your SL to BE and ...

have a warm and Merry Christmas
Trade closed: target reached:
The idea is completed, we have reached all outlined targets for a long scenario in a very small amount of time (2 days).

I will be monitoring Gold more closely the following days.
Comment:
I have not seen these wicks on HTF for the last couple of weeks. Very nasty. Especially in gold.. and then tell me that "wild west" is only in crypto :-)
Comment:
I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.

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