sunnyk92

GOLD - 4H chart viewpoint

Long
sunnyk92 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The key resistance at 1815 has finally been breached. I now expect a correction (profit-taking) to occur at the start of the week. This should provide us with an entry on the 1H timeframe ideally to enter a long position to target 1845.

Let's see how this develops.

Trade safe

Sunny Kumar
Comment:
We are receiving a form of correction. Trade still in tact, just require structure to develop.
Comment:
I will inform when trade is invalidated. Unless we receive a daily break of 1789 trade I am still targeting 1845 short/mid term
Comment:
We have received a deeper correction than expected. Now we await further structural development
Comment:
Trade in play. Yes we had a deeper correction to grab orders but we are now active.
Comment:
I am out of this trade.
Comment:
In theory this trade corrected deeper and now we should see 1845 being hit soon
Comment:
1845 did get hit - but not how I anticipated.

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