Today, the imposition of US tariffs 50% against Europe caused gold to rise.
Gold is close to our stop loss, but the stop loss is not activated yet.
We will wait for now, but be sure to respect the stop loss as well.
The last position last week, which was close to the stop loss but was not activated, at the market opening last night, and the decline it had, all the profit limits were activated and it moved more than 300 pips.
Gold is moving ahead according to last week's chart
Now the first target is the dynamic support of $3314 and we need to see what reaction will take place in this area. We should wait for a breakout there and then enter the position. Of course, if this support is broken, the support area of 3252 will be the target, but we can enter a buy position in the area of 3314, provided there is a bullish breakout. For now, we have to wait.
usd jpy
It is oscillating in a very strong support area and a very good breakout has been created, which allows you to enter a long position here.
buy now at 143.0-14310
sl 100 pip
tp up 100-200 pip
We are now at an important support at $3295. If this support holds and we see a breakout, we can enter a long position. If this support breaks, the $3267 area could be an important support to enter a long position. For now, we will wait a little to see the reaction to this area and then decide.
a risky sell............
Sometimes when I take a position, I don't have the opportunity to signal it in advance and it is announced on the channel with a delay. Of course, I usually announce the signals at the same time.
It hit the right area of the bullish trend several times, corrected it, and gave us the opportunity to re-enter and re-exit the position several times. It was a very good area for us to make a good profit and enter and exit the position many times with a good profit.
sell again at 3357
sl 50pip
tp up 100 pip
It looks like we are likely to have a pullback to the broken support area, which is the neckline of the head and shoulders pattern
gold sell at 3362 -3367 ( 2step)
sl 100 pip
tp up 100-200 pip
After completing 5 Elliott waves, we are now witnessing a divergence near the resistance of the middle line of the Andrew's fork and we can enter a sell position.
For the two reasons explained in the previous post, the market became very excited and led to gold's growth, but because this growth was due to news and non-technical reasons, the market behaved rationally again and caused a correction.
The middle line of Andrew's fork that I suggested selling yesterday was a very strong resistance area that I personally added to my selling positions.
Due to the risk of this trade, I did not mention it in the channel, but I made very good trades myself and added it. Sometimes when an emotional move is made with news and illogical, one should wait for the market to behave in a balanced and logical manner soon, and this will be better shown based on experience.
Now the positions are risk-free and they made a profit in about a week of trading because it was a good time and with rational risk taking, a good trade was made
