Gold buy Setup

23 Şub 2023

XAUUSD had been on a bullish trajectory for a while on the weekly timescale. It is currently now in a retracement. Using Elliot's wave correction as a template, we can anticipate the nature of the pullbacks, and where we might profit.
My current target is discount at 1920 about 930pips.
If we break the recent low, I would be looking for a 1h demand zone retest.

*As always, trade cautiously.

23 Şub 2023

Not

hmmm

23 Şub 2023

İşlem aktif

23 Şub 2023

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I would be anticipating something like this on the 4H:

23 Şub 2023

İşlem aktif

I don't like the way this is looking. I have set my SL to BE. Price ought have broken the high already. So there is a possibility for a break of the low before we see bullish momentum.

23 Şub 2023

İşlem elle kapatılmış

I am out. The moment price broke that low, the pattern changed. Would look for a better entry or watch price reaction at the 1.618.

23 Şub 2023

Not

23 Şub 2023

Not

23 Şub 2023

İşlem aktif

There might be another opportunity for entry.

23 Şub 2023

Not

I am closing this trade.

25 Şub 2023

Not

my expectations for this new week:

27 Şub 2023

Not

28 Şub 2023

Not

28 Şub 2023

Not

4h is looking bullish. I would be looking for buy setups now.

28 Şub 2023

Not

14 Mar 2023

İşlem aktif

We are almost at TP! what a ride!

15 Mar 2023

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I took 90% profit of the trade at 1912. If there is a clear opportunity to buy to TP, I would add another position.

15 Mar 2023

İşlem kapandı: hedefe ulaştı

Sweet!!! 😍😍