The-Engineer-7

XAUUSD - GOLD analysis by Elliot waves

Long
The-Engineer-7 Aggiornato   
OANDA:XAUUSD   Oro / Dollaro
Gold may go for long direction from prices between shaded area and is targeting 1800.
This is to be cancelled if prices reach 1607.
Trade attivo
Commento:
Gold now 1650 with 150 pips gain, long position will remain as long as price never breaks 1607
Commento:
Gold now is 1680 with 500 pips profit I suggest to secure the positions and close half of them and continue with others to target 1800
Commento:
shifting stop loss to 1659.3 is very important to secure long positions since wave 2 should not be broken
Commento:
as per updated chart below as H1 time frame I think the wave 3 is about to finish, awaiting prices to finish a correction as wave 5 (at shaded area between prices 1692 and 1682) is good opportunity for another long position.
This is to be failed if wave 4 breaks wave 1 at 1674 which it shouldn't be happened on impulsive wave rules
Commento:
Revised wave 5 = wave 4
Trade attivo:
about 2000 pips profit secure positions please
Trade attivo:
achieved 3000 pips
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