Gold - A shifted move in play and up to 4K

23 sept.

🔱 Here’s a shifted move in play 🔱

What exactly is a shifted move?

You see the parallel lines next to the white fork?
Those are the shifted lines.

Now, if you observe how price behaved at the white fork, you’ll notice it was a bit sloppy at the L-MLH, and again at the Centerline after reaching it.

But when we add the dotted parallel lines to the chart and measure the distance from the overshoot at the L-MLH, we find a beautiful support at the Shifted Centerline.

The usual target would be the U-MLH.
So, could the target also be shifted?
And what does that tell us?

Well, if you’re long on Gold, you might want to take some profit at the Shifted U-MLH and let the rest ride up toward 4K—if there’s enough gas in the goose.

For me, a re-entry long would be a pullback to the Centerline—either the original or the shifted one—with a small stop just below some structure.

Let me know what you think ho far Gold will go in the comments.

😊 Thanks for boosting, thanks for following 🙏

1 oct.

Note

Done and gone §8-)
...now short?

Let's wait and observe.

1 oct.

Trade fermée: cible de profit atteinte