GOLD dump fractal TP 2555 USD TP/SL
🔸Hello guys , today let's review 2hour price chart for gold. Today
we got a breakdown of key s/r level at 2630 usd this in turn
exposes further downside in GOLD market.
🔸DUMP fractal in progress, speculative 5 wave impulse sequence
wave 1 completed at 2630 USD, wave 2 at 2665 usd currently
wave 3 in progress target for wave 3 is 2580 USD. Wave 4 bounce
completes at 2625 usd and finally the wave 5 selling completes
at/near 2555 USD.
🔸Based on the above I recommend to focus on short selling bounces
in wave 4 once wave3 completes / is confirmed at 2585 usd.
🔸Recommended strategy BEARS: wait for wave 3 to be confirmed
by a print at 2585 usd, short sell into bounce near 2625 USD TP
2555 USD. Bulls should wait for the 5 wave impulse to complete
at 2555 USD and enter BUY/HOLD trade SL at 2525 TP1 2575 TP2 2625.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
we got a breakdown of key s/r level at 2630 usd this in turn
exposes further downside in GOLD market.
🔸DUMP fractal in progress, speculative 5 wave impulse sequence
wave 1 completed at 2630 USD, wave 2 at 2665 usd currently
wave 3 in progress target for wave 3 is 2580 USD. Wave 4 bounce
completes at 2625 usd and finally the wave 5 selling completes
at/near 2555 USD.
🔸Based on the above I recommend to focus on short selling bounces
in wave 4 once wave3 completes / is confirmed at 2585 usd.
🔸Recommended strategy BEARS: wait for wave 3 to be confirmed
by a print at 2585 usd, short sell into bounce near 2625 USD TP
2555 USD. Bulls should wait for the 5 wave impulse to complete
at 2555 USD and enter BUY/HOLD trade SL at 2525 TP1 2575 TP2 2625.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comentarios
previous setup also valid
GOLD H4 RE-ACCUMULATION FINAL TP 3 000 USD
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usdchf h2 best level to short it tp +150 pips swing trade setup
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Rags to Riches in 10 trades: Anyone can try start with 100 USD
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