GOLD - BIG SWINGS CAUGHT! ✅
Well.. Gold has been incredibly kind to us! We managed to catch the top perfectly in May, giving us a massive 2500pip profit.
The move down (wave A) was a complex ABC correction, which ended in October. Once we completed the bearish wave, we managed to forecast ahead and plan for the bullish move (wave B). We are still holding our initial entries and looking for further opportunities.
Wave B is split into 3 subwaves. We completed subwave A and we are currently in subwave B (which has 3 more minor waves). We expect minor wave C to start very soon.
Trade Idea:
- Watch for minor wave C
- Look for break of trendline on lower timeframe or BOS
- Target: 1960 (500pips), 1930 (800pips)
Once minor wave C is completed, this would complete our wave B and we can go ahead and look for the final push higher, wave C.
Goodluck and as always, trade safe!
See below for our previous setups:
May 2023:
October 2023:
November 2023:
See our higher timeframe analysis from exactly a year ago which is still in play:
The move down (wave A) was a complex ABC correction, which ended in October. Once we completed the bearish wave, we managed to forecast ahead and plan for the bullish move (wave B). We are still holding our initial entries and looking for further opportunities.
Wave B is split into 3 subwaves. We completed subwave A and we are currently in subwave B (which has 3 more minor waves). We expect minor wave C to start very soon.
Trade Idea:
- Watch for minor wave C
- Look for break of trendline on lower timeframe or BOS
- Target: 1960 (500pips), 1930 (800pips)
Once minor wave C is completed, this would complete our wave B and we can go ahead and look for the final push higher, wave C.
Goodluck and as always, trade safe!
See below for our previous setups:
May 2023:
October 2023:
November 2023:
See our higher timeframe analysis from exactly a year ago which is still in play:
Want more chart ups like this? Click the links below:
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