Daniel Ang

Selling Opportunities in XAU/USD - Thu, Oct 6, 2022. Limit Sell Orders Filled. Targets shifted to $1,697.00 - Fri, Oct 7, 15:28pm. Target Hit +$1,134.34 Fri, Oct 7, 20:47pm

Chart XAUUSD, H1, 2022.10.06 03:05 UTC, Blueberry Markets Pty Ltd, MetaTrader 4, Real

Gold had a robust recovery from $1614.86 on Sept 28 to as high as $1729.46 on Oct 4. Since Wed, Oct 5, price had started pulling back, hitting a low at $1700.53 early this morning at NY close. If so, this pullback may result in a corrective 3-wave pullback to just below $1700 again. If so, this presents a short-term selling opportunity.

TRADE IDEAS

#1 Sell Limit @ $1722.75. Order Filled @ Thu, Oct 6, 11:08am

#2 Sell Limit @ $1724.90. Order Filled @ Thu, Oct 6, 13:38pm

All Stops @ $1734.50

All Targets @ $1696.50. Target moved to $1,697.00 - Fri, Oct 7, 3:28pm. Target Hit Fri, Oct 7, 20:47pm