Gold is gradually filling the upper wedge
Note: No fomo buy at the moment
Even if DXY falls deeply, Gold can fall with DXY
Historically, gold wants to go up in the long run, it needs to converge many factors.
1. create wedges
2. make 2 or 3 bottoms
3. recovery between fibo zone 0.382 & 0.5
4. we replace the first day of May with one big event, which is the BRICS summit
If this scenario is correct, we can buy strongly and hold for 1-2 years
Expected buying price range
Buy limit 1880-1890
SL 1870
TP 2180
TP2 2500
TP3 2800
Currently I am holding gold at the price 1900-1910 already have 500pip profit, I was close 1/3 profit, and wait until 1975 to close another 1/3 and move sl entry.
See more related ideas below 👇 👇 👇
Note: No fomo buy at the moment
Even if DXY falls deeply, Gold can fall with DXY
Historically, gold wants to go up in the long run, it needs to converge many factors.
1. create wedges
2. make 2 or 3 bottoms
3. recovery between fibo zone 0.382 & 0.5
4. we replace the first day of May with one big event, which is the BRICS summit
If this scenario is correct, we can buy strongly and hold for 1-2 years
Expected buying price range
Buy limit 1880-1890
SL 1870
TP 2180
TP2 2500
TP3 2800
Currently I am holding gold at the price 1900-1910 already have 500pip profit, I was close 1/3 profit, and wait until 1975 to close another 1/3 and move sl entry.
See more related ideas below 👇 👇 👇
交易结束：到达止损:
sell point 1970 2 turns 100 pips total +200pip
go up touch sl entry
go up touch sl entry
交易开始:
sell point 1980 down 1975 +50pip .. running, try to hold this sell-off until 1890;
Manage capital by moving price 100 pips, then move sl entry
Manage capital by moving price 100 pips, then move sl entry
交易开始:
NICE!
