A new wave?

2023年10月15日

The bullish momentum of Price last Friday implies we might be seeing the beginning of a new wave after the massive rejection at the demand zone at 1810.

On the 3day chart shown below, we saw that MACD has shown a dip in momentum which validates the divergence of wave 2 and wave 4


The USD news released during the week also had little or no effect on the momentum of Gold coupled with the fact that the Israel-Palestine war is also a factor, I think we might be seeing new highs on GOLD for this year soon.

For the immediate concern, there's a supply zone at 1940-1952, and if GOLD rejects there, we might see some pullbacks to the demand zone shown on the chart.

I would advise looking for buying oppportunities until price reaches supply zone

I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.

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2023年10月16日

註釋

Price started with a gap down and its moving steadily. I am expecting some reactions at 1914 which is the target for the rejection at 1932.


IF Price gets rejected at 1914 level, we might see another bullish move up to 1950 else, we are going down to 1900

2023年10月17日

交易進行

2023年10月17日

註釋

We saw Price reject at 1914 like I anticipated, so I envisage GOLD moving up to 1940

2023年10月18日

註釋

😍 200 whooping pips 💸🤑🤑

2023年10月18日

註釋

Take partials here 🤑 and let the rest run to 1948

2023年10月18日

註釋

All TP hit 1950 confirmed.

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