The XAUUSD chart below clearly shows a bounce higher from the grey demand zone bullish order block. After a clear bounce higher I posted the chart below on social media @AidanFX on May 28 2025 to buy on the retrace/correction lower. Price tapped the purple demand zone bullish order block where I entered the BUY trade and expecting gold to push higher towards the April 22 2025 high and hit the 5R Target at 3504.05.
XAUUSD 4 Hour Chart May 28 2025
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
At Elliottwave-Forecast we cover 78 instruments (Forex, Commodities, Indices, Cryptos, Stocks and ETFs) in 4 different time frames and we offer 5 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos and we have a 24 Hour Chat Room. Our clients are always in the loop for the next market move.
Try Elliottwave-Forecast for 14 days !!! Just click here –> 14 day trial
Back
