cecedidit

Gold 4H Buy Idea 5/6/23

Long
cecedidit Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold has created a 4H sell FVG that price could buy back up to OR break thru. So I will enter a buy into the FVG + for those who know The STRAT see that a failed 2d was created followed by a 2u, which is a double confirmation that price should at least go to the 50% of the FVG.
Trade closed: target reached:
The 50% area of the 4H FVG was hit, but I got out of the trade early to secure profits and to not be greedy. I was getting distracted with other responsibilities and didn't want the trade to go negative while I was not paying attention. Overall, can't be mad. Profits secured and TP was actually hit as I thought it would do. Price may continue bullish if it can break the 1H consolidation that it is currently in and go bullish. Will look for another entry.
Trade closed: target reached:
If you continued to follow this idea there was another entry to buy at the bottom of the FVG and buy back up to previous week's high

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