Just noticed that I never posted this previously. So I am posting it now. Price has returned to the zone that I was looking to be able to buy from. This area is currently also the 50-61.8% FIB. So I am looking to buy gold next week depending on the direction at market open
Trade active:
Initially entered a .02 lot on this weekly set up for the buy. Still in drawdown because price did continue bearish.
Entered an additional trade in the current bullish price movement that hit TP for 175.7 pips.
Currently no bearish structure break on the weekly, so I am overall still bullish on Gold. Price had bounced off a key level (white box) + 88.6% FIB level +broke the previous week high, with a bullish engulfing candle. Looking for price to continue bullish to the upside and take out the highs.
Entered an additional trade in the current bullish price movement that hit TP for 175.7 pips.
Currently no bearish structure break on the weekly, so I am overall still bullish on Gold. Price had bounced off a key level (white box) + 88.6% FIB level +broke the previous week high, with a bullish engulfing candle. Looking for price to continue bullish to the upside and take out the highs.
Trade active:
For anyone with the stomach for long term trades, this trade has never hit SL and is back in profit now.
Trade active:
For anyone following this idea, price is almost to the TP that I had shown in this markup. You can take partials, close, or hold to see what price does when market opens back up.
Trade closed: target reached:
Thank you for following this idea!!
TP hit
TP hit