The previous 5-wave pattern still valid even after the price huge jump to 1702 due to the Saudi Arabia oil impact.
In the day time, Gold dropped to 1657 formed new A and thenback to 1685 and then remain in the congestion area, between 1660 - 1685.
It looks like forming a triangle to me and now in the way of small (c).
For trading ideas, I would do these for scalping:
buy at 1660 -1665, tp at 1685.
short around 1682-1685, tp 1665.
stop loss for 3-5 usd or till the breakout for the trendline.
and open another short around 1685 (as the assuming end of B of the big correction wave) and tp 1641.
In the day time, Gold dropped to 1657 formed new A and thenback to 1685 and then remain in the congestion area, between 1660 - 1685.
It looks like forming a triangle to me and now in the way of small (c).
For trading ideas, I would do these for scalping:
buy at 1660 -1665, tp at 1685.
short around 1682-1685, tp 1665.
stop loss for 3-5 usd or till the breakout for the trendline.
and open another short around 1685 (as the assuming end of B of the big correction wave) and tp 1641.
Dagangan aktif
Trade open: 1685Dagangan ditutup: sasaran tercapai
Plan to close at 1667. profit 18 USDDagangan aktif
Buy opened at 1664. current price: 1671I will see what I will get in the end.
Dagangan ditutup: sasaran tercapai
I closed my 1664 buy at 1674 cuz I need to go sleep now and won't keep the position open during the night. I put a sell limit on 1683 1684 1685 with 5 USD SL. I will see what I may get tmr.
Good luck for everyone
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.