Wedge Breakout Will Determine Direction

Gold broke a range it held a few days, but needs to fill a wedge to determine its true direction. If bullish, I'm going to ride her as far as the daily level area to 1910.90. If it breaks for the bear, I'm going to swing it all the way down to the monthly area around 1769.11. This is the time of year where gold prepares for a swing trade. So I'm anxious to see where we'll go this week.

BULL TPs:
• 1877.19
• 1899.79
• 1910.90

BEAR TPs:
• 1843.04
• 1829.20
• 1819.96
• 1801.80
• Stretch TPs:
• 1779.78
• 1769.11

Transakcja zamknięta: osiągnięto wyznaczony cel:

All BEAR TPS were HIT on February 4th during the London session.
Price even made it to the 1st stretch TP for the BEAR trades.
This was a very enjoyable trade.
I will resume posting more gold trades soon.