๐ MoonKnightbot v2.2.1 โ Aug 4 Gold session recap
Today's P&L: +197.04 USD โ Gold ran from a 4044 low straight up to a 4092 high โ the bot rode the entire move through a series of fully automated AI entries throughout the day, catching every leg of the trend.
No need to guess tops or bottoms in a rally like this โ just let the system run and follow the trend ๐
Discipline + system > emotions. Every single day ๐ฐ
Today's P&L: +811.72 USD ๐ One of the best sessions so far โ Gold (XAUUSD) ran from a 4032 low straight up to a 4118 high, and the bot rode the entire move through a series of fully automated AI entries all day long.
No guessing tops and bottoms, no emotional FOMO โ just letting the system follow the trend, and the results speak for themselves.
+811.72 USD in a single session. Not bad for a day of just letting the bot run ๐ฐ
Following the news release, price swung violently in both directions โ here's the sequence over the past ~8 hours: 4036 โ 4086 (spike) โ 4052 โ 4116.38 (high, nearly matching the prior resistance level at 4116.05) โ 4042.68 (sharp drop, -74 points) โ 4100.32 โ 4064.95 โ 4089.74
This is a heavy whipsaw phase, likely driven by a major news event (Fed/key US economic data) โ the constant two-way volatility means the wave structure isn't reliable enough to count in detail right now, so I'm not going to force a clean wave count in this kind of noisy environment.
๐ Key level to watch: the 4116 zone This is the 3rd time price has come close to this level (4116.05 on 07/27, and now 4116.38 today) โ all three attempts have been rejected, unable to break through. This is a significant resistance zone.
Price is currently recovering from the 4064.95 low back up to 4089-4093, moving toward the 4116 zone once again.
Watch scenarios: - If rejected for a 3rd time in the 4110-4120 zone (clear rejection candle โ long wick, weak close) โ bias turns bearish, targeting 4065 and then 4043. - If price breaks and holds above 4116-4120 with strong volume โ confirms a genuine breakout after 3 failed attempts, opening the way toward 4166 and beyond.
Given this level of post-news volatility, I'm staying on the sidelines for now โ waiting for price to clearly approach the 4116 zone with a confirmation candle, or for volume/candle ranges to normalize.
Personal technical view, not financial advice โ always manage your own risk.
Price broke below the projected 62,979 low as expected, dipping further to 62,669.40 - then reversed hard, blowing straight through the 63,700-64,000 watch zone instead of rejecting there, and rallied to a high of 64,105.57. Currently retesting that zone, last close 64,050.52.
Revised wave count (wave 3 extended further than expected): 1๏ธโฃ 65,643.3 โ 64,328.88 (-1,314) 2๏ธโฃ 64,328.88 โ 65,011.57 (+683) 3๏ธโฃ 65,011.57 โ 62,669.40 (-2,342, extended โ low revised) 4๏ธโฃ 62,669.40 โ current (64,105.57 / 64,050.52), ~61% retrace of wave 3 โ deep, approaching a critical level
โ ๏ธ Key level: 64,328.88 (wave 1 low). This is the line in the sand for the entire bearish count: - If wave 4 stalls below this level โ count stays valid, wave 5๏ธโฃ lower remains on the table. - If price breaks above 64,328.88 โ violates the "wave 4 cannot overlap wave 1" rule โ the bearish structure is invalidated, and a larger reversal scenario needs to be considered.
Price has been chopping sideways in the 63,450-64,105 range for ~14h, right up against the decision zone โ no clear rejection candle yet.
Watch plan: - If rejected below 64,328.88 โ bearish continuation toward 62,669.40 and possibly lower. - If price breaks and holds above 64,328.88 with strong momentum โ bearish scenario is off the table, structure needs to be re-read to the upside.
Personal technical view โ not financial advice, always manage your own risk.
โข Gross Profit: +137.44 โข Gross Loss: -17.44 โข Profit Factor: 7.88 โข Recovery Factor: 13.51 โข 6 trades, avg hold 26 minutes โข Max deposit load: just 0.688% โ very low risk exposure
Fewer trades today but high quality โ you don't need to overtrade to make money. Keeping Profit Factor stable while risk stays tight is what matters most.
Wave count: 1๏ธโฃ Drop from 65,600 โ 63,450 2๏ธโฃ Bounce to 65,056.8 high 3๏ธโฃ Deep drop to 63,021.0 low 4๏ธโฃ Technical bounce in progress, currently trading around 63,470
Main scenario: If price reaches 63,800-64,000 and gets rejected (reversal candle/wick), the setup favors wave 5๏ธโฃ continuing lower, back below 63,000. Alternate scenario: A break above 64,000 with volume would invalidate this count.
โ ๏ธ Personal technical view on M15 only โ not cross-checked against higher timeframes. Not financial advice, manage your risk.
๐ฅ Bot caught the full gold gap-up today. Profit Factor 32.49, Recovery Factor 46.76 โ one of the cleanest weeks so far.
Withdrew 600 to reward myself and lock in capital โ never let gains just sit in the account forever. Knowing when to take profit is discipline, not luck ๐ช