๐จ Alert! For XAU/USD traders
First of all, have a quick look at the results of my latest gold trade (before and after)
My analysis:
๐ฏ 1. Take-Profit Target: $1970 ๐ฏ
๐ฏ 1. Take-Profit Target: $1905 (fair value gap, full market efficiency zone, before leg up)
๐ Market analysis and candlestick patterns ๐ฏ๏ธ show no signs of a bullish sentiment on higher timeframes. ๐ After sharp price surges, retracements often occur as positions are closed for liquidity or profit-taking purposes.
๐ฎ My prediction? Gold is poised to become incredibly bullish! Why? ๐ช Gold acts as a hedge against inflation, but there's a limit. When inflation soars to extreme levels, investment becomes challenging, as we witnessed during the COVID era and its aftermath. ๐ฆ ๐ Adding to this challenge, interest rates have risen to unprecedented heights (+40Y high levels). ๐๐
๐ With a robust risk management system and precise parameters, you don't just enter the markets at the 'optimal' time, but you also prepare for potential reversals. ๐โ I don't enter a trade unless my parameters are respected. Since I adopted my system, I only enter when the market whispers, "Your system aligns with our intentions." ๐๐ผ This approach keeps me consistently profitable in the long run and minimizes losses in ways beyond imagination. ๐ฐ๐
I wait for price to retrace, grab some liquidity and continue it's trajectory to the fair value gap. But I need to have a second confirmation at the 0.78% FIB level.
Always Trade wisely and seize the right opportunities! ๐๐๐ผ
Disclaimer: The information provided here is for educational and informational purposes only
My analysis:
๐ฏ 1. Take-Profit Target: $1970 ๐ฏ
๐ฏ 1. Take-Profit Target: $1905 (fair value gap, full market efficiency zone, before leg up)
๐ Market analysis and candlestick patterns ๐ฏ๏ธ show no signs of a bullish sentiment on higher timeframes. ๐ After sharp price surges, retracements often occur as positions are closed for liquidity or profit-taking purposes.
๐ฎ My prediction? Gold is poised to become incredibly bullish! Why? ๐ช Gold acts as a hedge against inflation, but there's a limit. When inflation soars to extreme levels, investment becomes challenging, as we witnessed during the COVID era and its aftermath. ๐ฆ ๐ Adding to this challenge, interest rates have risen to unprecedented heights (+40Y high levels). ๐๐
๐ With a robust risk management system and precise parameters, you don't just enter the markets at the 'optimal' time, but you also prepare for potential reversals. ๐โ I don't enter a trade unless my parameters are respected. Since I adopted my system, I only enter when the market whispers, "Your system aligns with our intentions." ๐๐ผ This approach keeps me consistently profitable in the long run and minimizes losses in ways beyond imagination. ๐ฐ๐
I wait for price to retrace, grab some liquidity and continue it's trajectory to the fair value gap. But I need to have a second confirmation at the 0.78% FIB level.
Always Trade wisely and seize the right opportunities! ๐๐๐ผ
Disclaimer: The information provided here is for educational and informational purposes only
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