Now most people will definitely think Gold is bearish
I can assure you it is very bullish; why?
1. it is printing HH and HL so i expect this place to the be the higher low for the next HH
2. With Fibo, it is at 0.168 which is a reversal zone
3. It touched the support zone and we had a rejection there
4. It is in a falling wedge also which is a bullish structure
5. Tested EMA 200
For swing traders.
buy at 1912
stop loss - 1880 or if a daily close below the trend line or below the EMA 200
Tp 1 - 1946
Tp 2 - 1978
tp 3 - 2018
Tp 4- 2070
Tp 5- 2140
tp 6 - 2200
I can assure you it is very bullish; why?
1. it is printing HH and HL so i expect this place to the be the higher low for the next HH
2. With Fibo, it is at 0.168 which is a reversal zone
3. It touched the support zone and we had a rejection there
4. It is in a falling wedge also which is a bullish structure
5. Tested EMA 200
For swing traders.
buy at 1912
stop loss - 1880 or if a daily close below the trend line or below the EMA 200
Tp 1 - 1946
Tp 2 - 1978
tp 3 - 2018
Tp 4- 2070
Tp 5- 2140
tp 6 - 2200
Comment:
160pips in
Comment:
200pips in.
if you are just joining look for an entry here with a sl of 1920
if you are just joining look for an entry here with a sl of 1920
Comment:
Minor set back, patience guys
Trade active:
we are still in this
More profits coming
More profits coming
Comment:
Partial close
CPI news incoming so as not to totally lose this trade
CPI news incoming so as not to totally lose this trade
Comment:
Move stop loss to entry
Comment:
Tp 1 is done
Comment:
Road to Tp 2
Road to Tp 2
Comment:
Almost reached tp 2 but you can take partials at 1970; because i am expecting a downfall soon
Comment:
Tp 2 reached, have to check the charts again looks like the run to 2000 has started
