PLAN GOLD THIS WEEK : 21.8 - 25.8.2023
Gold has returned to the Demand zone around 1885. Currently reacting quite strongly to the trend reversal this week.
This week trading we will be more careful with its every move.
Phase A and B are now clearly formed according to Wyckoff's basic cumulative trading range theory. We wait for a Spring point so that we can enter the line, the possibility will be quite nice in the area : 1880 (this area generates 1 ibl - been in for a long time).
Summarize :
- We wait for 1 beat - Spring comes around 1880 + 1 test spring beat.
- Risk Entry : 1880 - 1882 / Stoploss : 1877
- Confirm Entry : wait for Spring and return to Test.
- Target : 1924
Happy new week trading friends!
This week trading we will be more careful with its every move.
Phase A and B are now clearly formed according to Wyckoff's basic cumulative trading range theory. We wait for a Spring point so that we can enter the line, the possibility will be quite nice in the area : 1880 (this area generates 1 ibl - been in for a long time).
Summarize :
- We wait for 1 beat - Spring comes around 1880 + 1 test spring beat.
- Risk Entry : 1880 - 1882 / Stoploss : 1877
- Confirm Entry : wait for Spring and return to Test.
- Target : 1924
Happy new week trading friends!
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✔️ CHANNEL ( Vietnamese ) : t.me/traderandfreedom
✔️ Youtube - youtube.com/@traderandfreedom
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