GOLD HIT THE PIVOT TARGET OF MM1/MS2 FOR BEARS, AND THAT SETS UP A COUNTER TREND TRADE BACK TO THE CENTRAL PIVOT FOR BULLS.

XAUUSD DAILY

PRICE IS HEADING BACK UP AFTER BEARS BOOKED PROFITS AT THE PROFIT TAKING ZONE. STOCHASTICS IS OVERSOLD BUT JUST TURNED INTO THE TRADE ZONE TO HEAD NORTH. RESISTANCE IDENTIFIED BY THE ORANGE BARS. PIVOT POINT THEORY SUGGESTS PRICE IS HEADING BACK TO THE CENTRAL PIVOT. LOOK FOR OPPORTUNITIES TO ENTER ON LOWER TIMEFRAMES.

XAUUSD H4

MARKET IS BEARISH, 21 IS BELOW THE 55. PRICE IS BULLISH AT WPP RESISTANCE. 55 EMA ALSO PLAYING DYNAMIC RESISTANCE WHICH TECHNICALLY PREDICTS A DOUBLE BOTTOM. STOCHASTICS IS OVERBOUGHT. BULLS WILL WAIT FOR PRICE TO RETRACE TO SUPPORT TO BUY THE DIP.

XAUUSD H1

MARKET HAS TURNED BULLISH, 21 IS ABOVE THE 55. PRICE HAS PRINTED A HIGHER HIGH. SUPPORT IS AT DPP/38.2 FIB. A PULL BACK TO SUPPORT WILL OFFER A LONG OPPORTUNITY.

XAUUSD M15

MARKET IS BULLISH, 21 IS ABOVE THE 55. PRICE IS BULLISH. A PULL BACK ON THIS LOWER TIMEFRAME GIVES BULLS AN OPPORTUNITY TO GO LONG AND GET IN THE TRADE QUICKER.

XAUUSD DAILY POST TRADE

POSTED THIS TRADE PLAN AT THE START OF DECEMBER AS A LONG FOR BULLS. THE TRADE WENT ACCORDING TO PLAN AND GIFTED SOME PIPS, AROUND 230 PIPS.

XAUUSD H4 POST TRADE

XAUUSD H1 POST TRADE

XAUUSD M15 POST TRADE

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