In comparison, our weekly trading activity may consist of only two or three trades, and even when a trade is set with a target of 80 pips, we often choose to close it once 20 pips are secured. 🏃🏻‍♂️

Trading should be done exclusively on a laptop or desktop computer, not on a mobile phone.

WHY?

Because a phone is accessible within a few seconds, while starting a laptop takes two or three minutes.

When the phone is in your hands, it’s easy to enter trades impulsively and without control.

Stick to this rule: Trading is serious work, not a game or gambling.

We Are Currently Watching A Potential Area To Enter A Sell Order On GOLD.

The Idea Right Now Is To Identify A Potential Entry Point With A Small Stop.

STOP: $3943.00 (50 PIPS)

USE: 1% FROM YOUR ACC

TARGET: $3923

Move STOP To Breakeven (BE).

&

GOOD LUCK

Kindly note, everyone: It’s important to distinguish between analysis and actual trading.

Analysis is based on possible scenarios, not on specific entry or exit points.

For example, in this analysis, gold is expected to surpass the 3819.49 level.

If the price fails to break this level, it does not mean that Elliott Wave Theory is wrong; it simply means that the technical condition has not been met yet.

As for our approach at EWM, we Do Not trade on the 4-hour or 1-hour timeframes.

We primarily trade on the 30-minute timeframe, and sometimes we confirm our decisions on the 15-minute timeframe.

GOLD: BUY

E: 3950.305
S: 3944.500 (58)
T:

50 pips (OUT)

BTCUSD – 4H Chart

The expected correction is short-term, but it could pave the way for another bullish leg later on.

▫️Expected support: 121,800 – 122,000
▫️Current resistance: 126,200

There’s a potential trade setup on GOLD — Be ready within 30 minutes.

If the signal is confirmed on the next 30-minute candle.

We will ENTER the trade immediately.

We Will Let You Know.