patricklwk95

Long Gold Idea Full Chart

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Price lines are traffic-light styled:
Red - Monthly/Weekly TF Price point
Orange - Daily TF Price point
Green - Hourly TF Price point
__________________________________________________________________________________________________________________________________

Callouts are just comments notating historical events
__________________________________________________________________________________________________________________________________



With the ongoing Ukraine-Russia Crisis, and the world seeming so uncertain and radically changing, I would imagine that the economy would want to be placing their money into safe haven currencies and commodities , such as gold .

I am seeking to Buy gold at 1965.00 levels, and will be seeking to hold it. If it falls below 1945.00 levels, I will accept a $20 loss, and will re-evaluate.

I believe it is an upward trend on gold , based upon the 'highs and lows' movement of price (marked with yellow brush) and will consider the trend to be broken when price breaks below 1878.00, which I believe is the current 'low' in the movement.

For my recording purposes.

Please leave your comments and share your thoughts.


__________________________________________________________________________________________________________________________________

Fear causes impulsivity. Stability comes in waves.
__________________________________________________________________________________________________________________________________
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.