Gold is gradually filling the upper wedge
* Note: No fomo buy at the moment
*Even if DXY falls deeply, Gold can fall with DXY
Historically, gold wants to go up in the long run, it needs to converge many factors.
1. create wedges
2. make 2 or 3 bottoms
3. recovery between fibo zone 0.382 & 0.5
4. we replace the first day of May with one big event, which is the BRICS summit
* If this scenario is correct, we can buy strongly and hold for 1-2 years
Expected buying price range
Buy limit 1880-1890
SL 1870
TP 2180
TP2 2500
TP3 2800
*Currently I am holding gold at the price 1900-1910 already have 500pip profit, I was close 1/3 profit, and wait until 1975 to close another 1/3 and move sl entry.
See more related ideas below 👇 👇 👇
* Note: No fomo buy at the moment
*Even if DXY falls deeply, Gold can fall with DXY
Historically, gold wants to go up in the long run, it needs to converge many factors.
1. create wedges
2. make 2 or 3 bottoms
3. recovery between fibo zone 0.382 & 0.5
4. we replace the first day of May with one big event, which is the BRICS summit
* If this scenario is correct, we can buy strongly and hold for 1-2 years
Expected buying price range
Buy limit 1880-1890
SL 1870
TP 2180
TP2 2500
TP3 2800
*Currently I am holding gold at the price 1900-1910 already have 500pip profit, I was close 1/3 profit, and wait until 1975 to close another 1/3 and move sl entry.
See more related ideas below 👇 👇 👇
Trade closed: stop reached
sell point 1970 2 turns 100 pips total +200pipgo up touch sl entry
Trade active
sell point 1980 down 1975 +50pip .. running, try to hold this sell-off until 1890;Manage capital by moving price 100 pips, then move sl entry
Trade active
NICE!Trade closed: target reached
After more than 1 year, the price has reached the profit target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.