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Gold Targeting above 1524
Gold Spot / U.S. Dollar
Gold Targeting above 1524
By OwenMohd
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Updated
Dec 18, 2019
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Dec 18, 2019
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.
Dec 18, 2019
Comment
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.
Dec 23, 2019
Comment
TP1 is 1495-1500
TP2 is 1524-1535
Dec 27, 2019
Comment
Dec 30, 2019
Comment
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.
Dec 31, 2019
Trade closed: target reached
Closing long positions near 1495+. Keeping the lower ones.
Jan 3, 2020
Trade closed manually
Closing off all long positions here at 1541.
Chart Patterns
Trend Analysis
Wave Analysis
OwenMohd
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