Elliott wave pattern working well, correction down below 3400

9 באוק׳

🔔🔔🔔Gold news:

➡️ Gold saw some investors taking profits during Thursday’s Asian session, giving back much of the previous day’s gains after reaching a new all-time high, as the Israel–Hamas peace deal eased demand for traditional safe-haven assets.

➡️ However, the release of the dovish FOMC meeting minutes on Wednesday and the ongoing U.S. government shutdown helped keep gold supported amid a slightly weaker U.S. dollar, while markets awaited a speech from Fed Chair Jerome Powell later in the day.

Personal opinion:

➡️ Gold prices are having a strong correction in the Asian session, and another correction is expected. The Elliot Wave model is working well and could break below the 4000 area.

➡️ Analysis based on support resistance levels and Elliot Wave combined with trend lines to come up with a suitable strategy

Personal Plan:
🔆 Price Zone Setup:

👉 Buy Gold 3990 - 3987
❌ SL: 3982 | ✅TP: 3995 - 4000 - 4005

👉 Sell Gold 4055 - 4058
❌SL: 4063 | ✅TP: 4050 - 4045 - 4040

FM wishes you a successful trading day 💰💰💰

9 באוק׳

עסקה פעילה

personal plan: Hit + 60 pips from Buy 3989.5 (Done TP1)
setup successful

the plan still on track

10 באוק׳

עסקה סגורה: היעד הושג

complete the original plan