Bullish

Updated

Price has been trending up for a couple of weeks now, and it is nearing my projected end at 2015-2020 where there's an Order Block

The effect of the war which assisted GOLD in pushing up so fast is wearing off I believe so we should get a rejection at the area drawn, and Price would head towards 1888.

At the moment, GOLD is still making series of higher highs and higher lows on the lower timeframes so I would advise looking out for buying opportunities till the OB/Supply drawn

Risk management is advised
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Note

Price is currently consolidating and throwing weights around on both sides.

I am projecting that Price would go down to 1955-1960 region to retest the Break of Structure created when it was trending up.

To play safe, I would suggest waiting for Price to close below the orange zone at 1972 before selling. If Price closes above the orange zone, this setup is invalid.

Trade Safe.
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120pips already before NY session 😍🤑🤑🤑🤑

Note

240pips 🤑🤑🤑🤑🤑
Take profit and leave 1 or 2 positions running...still looking at 1949 hopefully.

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Trade closed: target reached

240pips hit in less than 4hrs. Price now within buy region, so I am waiting for new setup.

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Note

We saw a sharp rejection from our Final TP yesterday 1955 and GOLD headed back to 1976, right now Price is trapped between the bearish trendline and the flat trendline drawn.

Although I favor Price breaking the bearish trendline and move up to 1983, 1987, 1991 but I would suggest waiting for Price to break either up or down before taking a position.

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Note

TP 1 @ 1983 and TP 2 @ 1987 hit 🤑😍✅✅✅

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Price is back to the trendline, supply zone and OB to do a retest, so i'd advise buying at 1976-1974 towards 1991 this time

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1991 hit as expected, and Price is currently moving downwards to retest 1967

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Price failed to get to 1967 and started heading back up at 1971, and we saw how Price skyrocketed to 2005 as anticipated on Friday.

Our target is still between 2015-2020, so the buy is still valid unless Price can break the channel shown.

I would advise buying at 1989-1993 for that push towards 2015.

Note

1st TP hit @2000 🤑.

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Keep holding...We are 100pips in profit right now

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I am exiting all trades right now at 2001 because GOLD is struggling to make highs.

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It has been a crazy day with GOLD and Price has gotten to the long awaited demand zone/order block.

Buy at 1978-1983
TPs: 1990, 1995, 200, 2008, 2015

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owlswift_fx

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by owlswift_fx

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