Gold trading today, XAUUSD analysis and estimating targetDid you analysis XAUUSD today?
Here's a Wyckoff scenario for Gold.
We have a distribution schematic in 1h time frame.
What is the potential gold price target?
This is estimate target of Wyckoff distribution for taking profit of short orders above.
So we have safe target at 1817.5 (for above positions).
We're using P&F chart & measure movements.
Today, we'd like to see a pullback to LPSY for new short entries.
Let's see price action there.
We measure movements to take profit and find new timing zones for next orders.
Hope this post could help you make better XAUUSD analysis.
Do you want to see more posts about Gold trading?
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* This is Pre-plan and an education post
Our Gold's analysis based on Wyckoff method, Gann trading and price action.
That means my view can change, depending on how the price will arrive at the level and what will be happening on the M5 in my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.
* DISCLAIMER
We are the only one person who is responsible for our health, relationships, success, and money in our lives. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. The author of the analysis does not accept liability for any loss or damage.
* Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
