Theto_Morifi

Gold Long Trade Idea

Long
Theto_Morifi Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has been performing amazingly on the short front for the past two weeks, what could be next on its agenda list
for the new month? Well it appears the WXYXZ correction structure has just been completed while adhering to the
channeling principle at the same time. Looks like the longs are gearing up to take over and I want to be a part of them
that do. I will be observing confirmations on the lower timeframes.

Let me know what your thoughts are for gold for the upcoming month. Are you still short? if so, shed some light so that
we may learn and be better in the future.

Have a blessed trading week ahead.
Comment:

Textbook
Targets: 1739.500
1756.100
Comment:

Break even established.
Trade closed: target reached:

Target 1 hit
Comment:

Development
Comment:

Stopped out in profit with the remaining trade

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