This week, I was bullish on gold
๐ป Minus - 1 RR
My strategy is to quickly accept losses when they are small ๐ค
But I hold on to profitable trades for as long as possible.
Do you agree?
โค๏ธ - Yes
After an upward impulse the market always corrects
But here's what makes the ABC correction so ruthless and so brilliant at the same time:
๐ Wave C is designed to hunt the stops placed at Wave A.
Not by accident.
That's the structure.
That's the game ๐
And if you don't see it coming, you're the one getting shaken out.
Thatโs just how it works โค๏ธ
After an upward impulse the market always corrects
But here's what makes the ABC correction so ruthless and so brilliant at the same time:
๐ Wave C is designed to hunt the stops placed at Wave A.
Not by accident.
That's the structure.
That's the game ๐
And if you don't see it coming, you're the one getting shaken out.
Thatโs just how it works โค๏ธ
Friends, Iโve prepared a Wave Analysis of Gold on the 1H chart for you.
My goal is to bring some order to the market chaos using the Wave Principle โค๏ธ
XAU/USD โ Wave 2 correction in progress.
Gold completed Wave 1 from the recent lows and is now unfolding a clean A-B-C correction as Wave 2. Wave A bottomed near the 50% retracement, Wave B retraced into the previous structure, and Wave C is now pushing toward the 61.8% Fibonacci level โ the classic target for a Wave 2 pullback.