GOLD LONG TO $2,550
Updated
Although I'm already short on Gold from $2,526 I have warned on my previous sell analysis that we might see early sellers get shaken out the market through volatile price action. We might see 1 more ATH on Gold towards the $2,540 - $2,550 price zone before the CORRECTION starts.
This is a highly probable scenario considering we're now at the start of a new month, so we can expect;
⭕️Liquidity Grab On Monthly Candle.
⭕️3 Sub-Waves (W,X,Y) To Complete Wave 5.
⭕️Shakeout Of Early Sellers & Late Buyers.
I will ONLY take a buy position if Gold first reaches Wave I, breaking structure to the upside, followed by a retest towards Wave II. If this does not happen I will not be looking to buy.
This is a highly probable scenario considering we're now at the start of a new month, so we can expect;
⭕️Liquidity Grab On Monthly Candle.
⭕️3 Sub-Waves (W,X,Y) To Complete Wave 5.
⭕️Shakeout Of Early Sellers & Late Buyers.
I will ONLY take a buy position if Gold first reaches Wave I, breaking structure to the upside, followed by a retest towards Wave II. If this does not happen I will not be looking to buy.
Trade active
Gold prices have flown up close to 300 PIPS since I posted this analysis yesterday! Buy's are moving very nicely. Trade active
£20,000 in profit closed out on our buy position, within the Gold Fund for our investors!
Everyone here that took the trade, I would recommend now securing your profits😍
TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
t.me/XTBCAPITAL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.