IF YOU TOOK THE PREVIOUS IDEA ON GOLD MARKET EXECUTION OR PENDING ORDERS PROFIT TARGETS ARE HIT BY NOW SO WHERE TO FROM HERE WITH GOLD IT CONTINUE TO THE UPSIDE RESPECTING THE BULLISH CHANNEL TECHNICALLY THIS IS STILL HIGHLY LIKELY AND FUNDAMENTALLY AS WELL GOLD IS STILL VERY BULLISH IN MANY ASPECTS MY MA 7 & 14 ARE NOT SHOWING SIGNS OF ANY REVERSAL ON THE CFD MY CCI MAY INDICATE THAT ITS IN THE OVERBOUGHT TERRITORY ON A SHORT - TERM SIGNAL MEANING IT MIGHT RETRACE BEFORE RISING TO SUPPORT LEVEL 1798.26
WHICH COULD BE TOO AMBITIOUS BUT HIGHLY POSSIBLE
XAUUSD LONG IDEA
TARGET FIB LEVEL 1(1763.29)
TP 2 - 1798.26 LEVEL
TIGHT STOP/ RISK MANAGEMENT
PERIOD - SWING
WHICH COULD BE TOO AMBITIOUS BUT HIGHLY POSSIBLE
XAUUSD LONG IDEA
TARGET FIB LEVEL 1(1763.29)
TP 2 - 1798.26 LEVEL
TIGHT STOP/ RISK MANAGEMENT
PERIOD - SWING
Comment:
Trade active:
CCI GAVE AN OVERSOLD SIGNAL WHICH I THOUGHT COULD BE A RETRACEMENT BEFORE CONTINUATION TO THE UPSIDE THE SENTIMENT IS STILL THE SAME GOLD WILL HOPEFULLY RISE TILL 1798 SUPPORT LEVEL
Trade active
Trade closed: stop reached
