GOLD, DONT BE FOOLED A 2000 PIP MOVE TO THE UPSIDE IS IN PLAY

Good day risk takers, Gold has plummeted from a multi year high of 1550 in September 2019 to currently (12 November 2019) trade around 1450.00 so in just a span of 10 weeks we saw a 1000 pip move in a textbook style downtrend of lower lows on the daily and 4 Hour time frame. Zooming out on to the daily chart we can see an uptrend which began in 2015 in a channel which has been respected by the yellow metal amid all the economic transgressions that have been happening over the years. We are now at a point whereby the price is at the mid line of the channel in what seems also to be a bullish candle. Now the interesting thing is that as long as we hold above the 1410 price mark were we find the 200 EMA we are still bullish, however one can probe trade early longs at current market price or wait for a final exhaustion candle to around 1440 earliest and enter to hold in an ultra swing to 1625.

Happy hunting and as always practice good risk management

Trade closed: target reached:

It is done the only thing to do now is wait to see what unfolds in the macro economic world. Personally i got around 1\4 of those pips in this move but i know why and am willing to do better. experts call it the psychological gap which is the difference between what you see and what u actually get. happy hunting guys