Even if Gold does decide to extend higher towards $2,030 next month, I’d like to see market close below $2,004 today. If it does then we can expect a move lower (Wave 2) towards $1,940 - $1,920 first half of next month.
Trade active:
Posted this short analysis today when price was at $2,003. Since then price has dropped over 240 PIPS in profit😍😍 An amazing end to the month of October!
Trade active:
As expected, monthly candle of October closed below $2,004 as we wanted. This opens up opportunity for a move lower towards $1,940 this month. Still a chance that the new monthly candle can push higher towards $2,030 for a liquidity grab & complete an extended Wave V.
Trade active:
Seen some serious selling pressure on Gold since market open on Monday night! Price now running 370 PIPS since we called the sell live from $2,003😍 Consider taking partial profits & making your position risk free if you haven't already.
Trade closed: target reached:
100% of my gold sell position has been closed out at £7,500 (590 PIPS) profit!
I’m happy closing Wave 2 profits here, rather then targeting a deeper level of $1,930🤞
I’m happy closing Wave 2 profits here, rather then targeting a deeper level of $1,930🤞
Trade closed: target reached:
Gold buyers wasted no time😂 Pretty self explanatory chart so everyone should have taken advantage of buy positions. We sold from Wave 1 & closed our sell position in profit. Price bounced straight from our Wave 2 POI & so far up 2% (380 PIPS). Beast of a move🦾
