Continuation of the Bullish Movement on Gold by ThinkingAntsOk
Use this as a guide to develop your setup
Main items we can see on the Daily Chart:
-After the breakout of the Wedge pattern, we saw the beginning of the 5th wave of the impulsive movement
-Our main daily Target is 1640 / There we will close all our open positions on gold
-Currently, we think the price is on a consolidation zone
-The structure we are expecting is something similar to a previous structure rounded by a circle.
-IF the structure we are waiting for, formed as expected, we will also find good opportunities to set new trades toward the main Daily Target
-Remember never risk more than 1-2% of your trading capital per trade.
Main items we can see on the Daily Chart:
-After the breakout of the Wedge pattern, we saw the beginning of the 5th wave of the impulsive movement
-Our main daily Target is 1640 / There we will close all our open positions on gold
-Currently, we think the price is on a consolidation zone
-The structure we are expecting is something similar to a previous structure rounded by a circle.
-IF the structure we are waiting for, formed as expected, we will also find good opportunities to set new trades toward the main Daily Target
-Remember never risk more than 1-2% of your trading capital per trade.