GOLD ⇒ why we should consider the long position

Dec 17, 2023

hello guys...

as I published before the weekly candle didn't form as a hunting one, so we cannot count on a short position until a downward engulfed happens.

hence, at a 4h time-frame, you can see the last high is engulfed by the price recently, on the other hand, starting of the upward movement begins with the full body candle that I pointed out on the chart!

so we can assume the gray area will be a fascinating area for retracement!

let's check the upper time frame:

at a daily time frame, we can see the price touched (not broken out or engulfed) the importance zones, such as S&D and the start of compression.



at a weekly time-frame you can see the last touched place was the flip area like a last kiss:



overall you can get a long position on the gray area or at the start of the full-body candle and the target is 2065 so far.

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always do your research.

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Dec 20, 2023

Trade closed: target reached

the first target touched

#xauusd #gold

Dec 23, 2023

Trade closed: target reached

the last target touched: