Description
⋅ As per setup.
Retests near 1470 will most likely get bought up. Just like how 1460 were bought up. Based on structure 1524+ are good targets.
Comment
⋅ Though I’m bullish now, Gold hitting 1524+ still fits within the “rally and fail” context. Refer to my comments posted here:
I’ll be watching out for WXY, WXYXZ or ABCDE ascending wedge. Comment
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TP1 is 1495-1500
TP2 is 1524-1535Comment
⋅ Comment
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This week 31st Dec to 3rd Jan is perfect movement:
1525 to finish the year, then retrace to 1495 to start 2020. So it will retrace half of last week’s candle before rallying again.Trade closed: target reached
⋅ Closing long positions near 1495+. Keeping the lower ones.
Trade closed manually
⋅ Closing off all long positions here at 1541.