piphunters
Long

GOLD: Another Golden opportunity!

FX:XAUUSD   Gold / U.S. Dollar
1842 20 36
Gold             has broken out of the weekly corrective structure and it looks good to buy the commodity now with the proper strategy and target new highs, if this turns out to be the resumption of the long term uptrend this move will carry the commodity towards 1900 even if as part of a larger degree correction in the coming months!
Comment: IMPORTANT: The setups posted here are not trade calls and are intended for informative purpose only and you should use your own strategy to determine an entry. I am unable to post everything here on Trading View, if you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.

Wish you good trading!
Comment:
GOLD: A possible leading structure for an upside impulse
Comment: possible impulse up coming up
I have an interesting sell zone - 1320-1330$ in case $XAUUSD will break above 1300$
+1 Reply
piphunters themarketzone
should get there, good luck
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If it retraces a bit it'd be nice, but probably won't.
+1 Reply
piphunters IvanLabrie
ya that's the problem with gold breakouts mostly, you may not get a decent pullback before it shoots off leaving cautious traders behind
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IvanLabrie PRO piphunters
Yes, that's true of many trending instruments actually, most people expect the 'trendline breakout retest', so naturally, the market discounts that and keeps trucking, or if it retests, it fails to rally :p
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IvanLabrie PRO IvanLabrie
http://www.stocktwitsu.com/the-investment-advice-of-paul-tudor-jones/
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piphunters IvanLabrie
true that, no risk no reward!
+1 Reply
Hi sir which indecator did you use?
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piphunters Lalahong9999
I don't use any indicators, though sometimes check MACD for divergence, everything I look at is in the chart itself.
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I am really don't know how to estimate. Coz I am a new one
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How to see? Sir could you provide some suggestion please.
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piphunters Lalahong9999
Not to discourage you in any way but if it was that easy as to explain in a small post or teach in a few days there won't be any market if everybody know the direction since nobody will be willing to buy or sell, I suggest you to invest a lot of time in learning and find the style that suits your personality and perfect it.
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My guess is; down trend of gold is not over. At least gold will retest the bottom before heading to any height above 1430 level.
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Tricky one this because I agree that gold is on a bull run upto 2000 + and I also agree this is a breakout after a bull flag, however we haven't seen any significant retracement, got a feeling this might only go up to early 1300's then collapse to 1190 and wipe out my stop loss.....maybe its best to wait for a retracement
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the pullback was done before. no need to back or it doesn't necessary to back to any channel. the 1280 is one of important support.

also check my idea.
XAUUSD Update 20 Apr 2016 Time for rest
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BjornPfaff PooyaSalehipour
This all is pure gambling , let the price come to you an act on it , not just draw stupid lines as they will not work, trust me on this one
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man go and do some search regarding these lines then you will know importance of these lines if you dont know how to draw these lines and how these lines help traders then this is your mistake not the author
+1 Reply
BjornPfaff Wave-Trader
Im just curious nothing more , because every one is drawing lines , but wich one you can thrust the most thats the question. I do respect the work people do sure , the thing is , on what timeframe people use them.
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piphunters BjornPfaff
I don't know about others but as for me there is a strategy behind each entry and trades are not taken each time price goes above or below a line drawn in the chart!
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narrowmoor PRO BjornPfaff
I don't agree. Only because I have had tremendous success using momentum signals. Trust me when I say line drawing makes all the difference finding your resistance and support points.
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