Confirmation or a new LH GOLD! Study "Scenario 1"

6 Ağu 2022

For now, I don't think that gold made a turn. hence, didn't complete a proper low, should it? need a solid bullish turnaround to make a clear judgment.
From "Scenario 1" I for seeing that the wave in pinkish color has been corrected for 50%-61.8% and respected that area a conformation would be breaking 1751 with a strong movement. I have to hold on to my targets of wave 5-C-4 for now.
please check Scenario 2 as well.

11 Ağu 2022

Not

I think we are in a situation in everybody is right and wrong at the same time, typical wave 4 right? Or 1-2? I'm not trading atm might be small trades here and there but where I look into solid structure, that's impossible to answer right now. I still foresee an unexpected fall, wish you all best, and I will keep updating the chart for you.

15 Ağu 2022

İşlem aktif

18 Ağu 2022

Not

TP1 reached

19 Ağu 2022

Not

A bounce is expected around shark pattern area, a confirmation of the RSI trend and PA, heading to 1760-1770 area where my second entry is.

22 Ağu 2022

Not

Closing some profit, awaiting a bounce with confirmation of breaking RSI trend and PA trend, with that shark pattern

23 Ağu 2022

Not

25 Ağu 2022

Not

I'm still on this route, wave 2 seems to be over, and now we are heading to 3 of C of 4.

26 Ağu 2022

İşlem aktif

Both positions are active.

29 Ağu 2022

Not

31 Ağu 2022

Not

31 Ağu 2022

Not

Quick update, though it's working out nicely, I wouldn't trust the uncertainty of a market and what it can do. I see a Gartly forming with 4H divergence, I'm not looking to buy I will wait for the second reaction "Type 2", what I'm looking for is to close my orders and bag out huge gains and be happy ;).

31 Ağu 2022

İşlem kapandı: hedefe ulaştı

All closed happy 1:30 RRR, I will reassessment the structure and see what with this slow movement that has no volume.

2 Eyl 2022

Not

13 Eyl 2022

Not

15 Eyl 2022

Not

20 Eki 2022

Not

see you in 3 months