XAU- The Big Payback
Updated
So NFP, Did not go as the previous posts suggested, Now we have a massive collapse in XAU and a rallying of the $, BUT we have since made a potentially better set up, because now the 4H chart is making this Gartley Harmonic after a markdown from the $1900 levels. This structure can act as an accumulation, We can look to buy XAU upto $1830, and the 1.618 extension as a far target at the price $1910. The important thing to remember with these harmonics, is that everything I am sharing is over 1:3 RR, this means breakeven is somewhere between 25%-33% winrate, When the next set up comes I take it.
Trade active
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$1765 and $1761, Revenge shall be sweet.Note
*Bat not gartley...Note
Take some profit @$1790 and $1830 if we get there.Trade closed: stop reached
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Man gold be out here wilding right now hahaNote
So now we have two good trades, and two crap
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