Gold buy Setup

23 feb 2023

XAUUSD had been on a bullish trajectory for a while on the weekly timescale. It is currently now in a retracement. Using Elliot's wave correction as a template, we can anticipate the nature of the pullbacks, and where we might profit.
My current target is discount at 1920 about 930pips.
If we break the recent low, I would be looking for a 1h demand zone retest.

*As always, trade cautiously.

23 feb 2023

Nota

hmmm

23 feb 2023

Trade attivo

23 feb 2023

Trade attivo

I would be anticipating something like this on the 4H:

23 feb 2023

Trade attivo

I don't like the way this is looking. I have set my SL to BE. Price ought have broken the high already. So there is a possibility for a break of the low before we see bullish momentum.

23 feb 2023

Trade chiuso manualmente

I am out. The moment price broke that low, the pattern changed. Would look for a better entry or watch price reaction at the 1.618.

23 feb 2023

Nota

23 feb 2023

Nota

23 feb 2023

Trade attivo

There might be another opportunity for entry.

23 feb 2023

Nota

I am closing this trade.

25 feb 2023

Nota

my expectations for this new week:

27 feb 2023

Nota

28 feb 2023

Nota

28 feb 2023

Nota

4h is looking bullish. I would be looking for buy setups now.

28 feb 2023

Nota

14 mar 2023

Trade attivo

We are almost at TP! what a ride!

15 mar 2023

Trade attivo

I took 90% profit of the trade at 1912. If there is a clear opportunity to buy to TP, I would add another position.

15 mar 2023

Trade chiuso: obiettivo raggiunto

Sweet!!! 😍😍