riccardo.pradella
Long

BUY GOLD CORRECTION LONG

FX:XAUUSD   Gold Spot / U.S. Dollar
186 5 10
as chart
Trade closed: target reached: 4h stoch indicated 1220 as the top for this trade, and sincerely i am of the idea is right, wait new low for a good correction, for now i am off
would rather wait for new york gold pit to open
Reply
riccardo.pradella RyanVarghese
@RyanVarghese, is in any case a correction needed, let see, doesn't reallt matter the time
Reply
RyanVarghese riccardo.pradella
@riccardo.pradella, well, i hope it enters the bullish zone. lets see, because the fed meeting will be inclined towards a hike sentiment which might possibly affect gold.
Reply
riccardo.pradella RyanVarghese
@RyanVarghese, there will be a YEN correction on all pairs, will push GOLD UP, moreover this is a 4h divg signaling that we reached a dip, so at least 0.618 fibo is needed, what more is that the price can go even lower, but we are still very close to the correction, so is a good point to start buying back. it was 1300 now 1200, 1240 TP
Reply
RyanVarghese riccardo.pradella
@riccardo.pradella, yeah, I agree with that
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