Wolf_of_Trading

XAUUSD !! New Setup is ready

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The 2 goals I published as an analysis in the past week were achieved with a total profit of 1200 pips and now I marked our 3rd target zone with a yellow box.

After the trend line I specified in red color is broken, I am waiting for a sales movement towards the Third target zone I specified in yellow and I indicated this on the chart with arrows.

If you find it useful, please support this idea with LIKE and share your ideas in comment part please
Comment: My red trendline works amazing and i'm still waiting for breakout

Comment: I still haven't opened a trade as the red trend line is not broken, I am waiting patiently

Comments

100% agree!

I'm new to forex and metals (coming from stocks and options)

My simplistic knowledge of gold reacting to the economy gives me a gut feeling gold will eventually stabilize in the 1600s back to what it was prior to COVID shut down.
+1 Reply
Wolf_of_Trading MEngineering
@MEngineering, thanks for your comment
Reply
i like your idea but i think you are too early to short it can easily touch 1836 before reaching your target i am expecting 1690 but only after 1836 also closing important today . made almost like 2000 pips on my last posted idea when everyone was buying iguess we both were selling .. good luck also check my idea
+1 Reply
@FxSniper_, As I clearly stated in the analysis, when the red trend line is broken, I said the sale opens, I have not opened a sale yet, please review the analysis carefully.
Reply
Nice idea. Thanks for sharing.
+1 Reply
Wolf_of_Trading CollegeofPips
@CollegeofPips, you're welcome
Reply
Your red trend line is based on this two small bullish candles?
+1 Reply
@brunanurb, No I'm drawing with fibo the trend lines and the price got the reaction right here now we are waiting for it to break
Reply
Great work 👏🏼
+1 Reply
@naminionn, thank you so much :)
Reply
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