StephanusCahya
Long

"5th WAVE" in WEEKLY GOLD, take a chance for long.

FX:XAUUSD   Gold/U.S. Dollar
53 9 0
- Gold             in "5th wave" of big trend (WEEKLY)
How to trade??
1. find reversal pattern in H4, this is a chance for correction.
2. take a small size for long position in Fibonanci Expansion of H4 correction.
about FE 100%, 168%, or 200%. Use your MONEY MANAGEMENT WISELY to take a chance for long position.
3. this "5 th Wave" will get the HIGHEST price in NEXT MONTH probably. The Resistance Area that I mean is above 1200 (it can be 1200 - 1220).
4. Sell in that Resistance for TP1 at last support/4th wave/ about 1.050. TP2 is below than 1.050. Choose wisely.
StephanusCahya
11 months ago
poin no.2 that I mean is Fibonanci Expansion. sorry my mistake. this is my first idea that I publish
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StephanusCahya
11 months ago
poin no.2 that I mean is Fibonanci Expansion. sorry my mistake. this is my first idea that I publish
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StephanusCahya
11 months ago
I have some lot in this correction, I have short about 1106 and wait till psycology support at 1100, and how it goes down more.
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StephanusCahya StephanusCahya
11 months ago
if the price break 1108, we must be careful for the strong buy (in my count, 1108 is the 5th wave in a small Time Frame).
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StephanusCahya StephanusCahya
11 months ago
I am waiting the price to break support at 1092. And how it go further more. About 1080 (first support before jump/retrace) or about 1070 (second support). I'll see how price give its action.
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StephanusCahya
11 months ago
Look at the action of the price at 1090-- I think, it will become new resistance for this correction to 1070-- with now support in level 1080--.

I hope in next support, the price will be bounce high to major trend (5th Wave that I mean to next Resistance 1200)
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StephanusCahya
11 months ago
I dont see a "good" respect at the area resistance that i told you yesterday (1090-).
I see a broken head n shoulder (small TF) n how price jump at support level 1080-.
I suggest to concern at 1085-, this will be new support if price do not break this level and big money will bring gold to up again.
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StephanusCahya StephanusCahya
11 months ago
wait.. be careful at that level 1085-, WHY? because this is the 4th wave and now, the price in the 5th wave (small TF) an also I see the resistance is not broke perfectly. If it break, GOLD will be go down further until 1070-
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StephanusCahya
10 months ago
okay, gold have visited at 1070!! touch down LoL.

Will it go further through the last resistance??? hmmm.. please wait, I see gold has resistance at 1085-1090 before it go through. And I see that gold need more time to break it. Let's see how price give its action in that area.

anyways, if it doesn't break, price will retest 1070- as last support and it more slippery to 1065-. Wee see together how price respect to that support.
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