XAUUSD waiting at sidelines

22 feb 2023

XAUUSD



Hi Everyone

I am waiting at sideline for a breakout to happen either up breaking 1852 or down breaking 1819.

Uptrend started at 1617 and has paused at 1959. It is riding a correction wave downwards from 02 Feb. The cross up of 1852 (fibonacci 0.236) will tell us a V shaped cup pattern is getting started. Unless 1852 is crossed up don't enter a long position.

if it breaks 1819 downwards then it means short lookout has more edge. Next short target is going to be 1749 (fibonacci 0.618).

1 mar 2023

Nota

still valid

2 mar 2023

Operación activa

2 mar 2023

Nota

FIBO 0.236 at 1842 on retracement wave must be crossed to consider opening long position

3 mar 2023

Nota

Opened LONG position @ 1846 !

9 mar 2023

Nota

StopLoss @ 1827. Long position is closed..

10 mar 2023

Operación cerrada: precio stop alcanzado

Neutral until NFP news upcoming

13 mar 2023

Nota

Entered long position at 1900 (fibo 0.618 of retracement Wave 2)

15 mar 2023

Operación activa

Very obvious short squeeze occured @ 1900 whipsawing sellers.

17 mar 2023

Nota

Crossing up of 1960 will confirm beginning of impulse wave 3 with targets shown on chart

24 mar 2023

Operación activa

Targets are still valid :
2078 (fibo 0.786 of Wave 3)
2152 (fibo 1.0 of Wave 3)
2366 (fibo 1.618 of Wave 3)

24 mar 2023

Operación activa

30 mar 2023

Operación activa

Targets are still valid :
2078 (fibo 0.786 of Wave 3)
2152 (fibo 1.0 of Wave 3)
2366 (fibo 1.618 of Wave 3)