Gold Targeting above 1524

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.

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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.

Yorum:

TP1 is 1495-1500
TP2 is 1524-1535

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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.

İşlem kapandı: hedefe ulaştı:

Closing long positions near 1495+. Keeping the lower ones.

İşlem elle kapatılmış:

Closing off all long positions here at 1541.