Gold 4H chart overview
Updated
continuing the blue scenario from November the 4th, my view and probabilities are on the chart.
Good luck
Good luck
Trade active
Triangle down target is hit, expecting up move to 1280 as long as the price is in the yellow channel.-Longs were opened, SL below @1110, TP@1270, will add longs later,.
-hedging Short pending order below @1170, TP @1130.
Good luck
Note
The price action is in the 1st buy area between @1190 and @1170, and from what it is doing now, I'm seeing the following:*the price inside the yellow channel then:
-before the up move, the price may go further down to the lower @1170's
-there should be an impulse to the upside in which;
-- a break above @1210, with consolidation above it means TP1 @1250 and a break outside the channel then consolidation then buy more targeting TP2@1300.
TP3@1360
--if the spike could not break and stay above the @1210 then the price will fall to the @1130 area.
**The price falls outside the channel and broke the @1165, then wait for any pullbak to the @1170's level and sell to TP1@1130, TP2@1040.
My long orders started to open @1190 and will open more all the way to @1171.
Will hedge only below @1170 after seeing a consolidation there.
Good Luck
Trade active
All long positions are opened, will see how this will developNote
Plan is still long gold above @1170 as long as there is no consolidation below that level
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