XAUUSD (Gold) | Long Term | Trading Plan | Bullish

As per my very own analysis of weekly chart, GOLD (XAUUSD) has been moving in a BULLISH flag pattern since it placed its record high of 2075.

I am expecting gold to drop till 1670 to 1690 area as a weekly pattern correction and it will take a huge pull back from that level. The buy setup would be properly completed and GOLD would be fully ready to target 2300 and above around June/July 2021.

Today is 9th Feb 2021 and gold is trading around 1820-1830. I expect it to drop to early 1700s within 2 to 3 weeks and it might give a sharp drop below till 1670 to 1690 area.

Incase the drop till 1670 doesn't happen, there is a good chance that gold can bounce off around 1800 level and then up towards 2300.

My analysis is only based on technicals. I don't really count on fundamentals.. as fundamentals are bound to happen to help market move according to techincals for achieving their already defined pattern :)

Disclaimer: This is just my analysis and maybe wrong. I will not be responsible for any unfavorable outcomes. Always enter your trades with a safe size with respect to managing your risk and equity.

Comment:

I'm expecting GOLD to drop within 2 weeks near 1700 to 1750 level.

Comment:

And the drop has begun.. sit tight ;)

Comment:

Gold has dropped to 1760 :) its going as per plan.. sit tight and enjoy ;)

Be careful at this level.. there is a slight chance that gold might do a correction.. if you have not entered selling yet.. then you can enter at correction again and enjoy the smooth ride!

Trade active:

Gold has dropped and placed a low of 1717... its going exactly as per my plan and analysis! :)

Next Target: Drop till 1670 area.. sit tight and enjoy the ride ;)

Trade active:

Gold has dropped and placed a low of 1680.. going EXACTLY as per my plan.. If you followed my plan then you would've made a lot of money.

I have booked most of my positions of SELL in profit.. and will close the remaining around 1670.

Get ready TRADERS, you need to be vigilant now.. Its buying time soon.. Place your buy limits strategically around 1660 to 1670 with a safe SL of 1630.

Trade active:

CONGRATULATIONS to all those who have followed my idea for Selling gold from 1841 till now (1678). I have closed almost all of my selling trades in gold..

NOW.. its time to BUY gold.. but be careful.. BUY it Strategically for a swing trade.. around 1660 to 1672 area... with a safe SL to protect your equity.

Trade active:

GOLD is going EXACTLY as per my plan! ;)

I entered some BUY positions from 1678 and enjoying lots of profit at 1720 right now! :)

CONGRATULATIONS to all who followed my signal and believed in me. Thank you.

Gold might do a slight correction before going more up.. so don't panic if it dips a little ;)

Trade active:

GOLD went crazy yesterday at release of FOMC Minutes.. It has now reached 1750..

GOING EXACTLY AS PER MY PLAN! Congratulations to all those who have been following my idea since the drop from 1840 to 1680.. and now from 1680 till 1750.. Woah.. thats ALMOST +2300 PIPS in appox. one month! :D

Trade active:

Sit tight and enjoy the ride if you are still LONG and following my idea ;)

Trade active:

Going right as per my plan. Long all the way (long term).

This is a swing trade and all of you who are following it must be still making a lot of money :)