IvanLabrie
Long

XAU: Gold/Silver index in a strong uptrend

INDEX:XAU   PHLX Gold/Silver Index
3 months ago
The Gold/Silver index is well supported here, against the former long term downtrend resistance, now turned support, plus the recent uptrend mode (most frequent price in the advance).
If we have good follow through to the upside tomorrow, we can expect a sizeable bullish move in precious metals.
For both gold             and silver             instruments, you can enter longs at market or on a break of Thursday's high, with stop loss 1 tick under the low.
Check out the top down view in the comments section.

Cheers,

Ivan.

pd: if interested in access to my trading signals, contact me for a free trial.
3 months ago
Comment:
snapshot
3 months ago
Comment:
snapshot
3 months ago
Comment: Excellent reaction to support after NFP.
2 months ago
Trade closed manually: The reaction to the low volume resistance here makes me think it's wise to close positions and wait for fundamental events to pan out. XAUUSD and XAGUSD show potential for more upside, but we need further proof.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
Tenbears1979
3 months ago
Thanks Ivan. Let's see where the NFPs take us.
+1 Reply
felix997
2 months ago
if you close your position on bond and on gold what is that we dont see
Reply
IvanLabrie TOP felix997
2 months ago
Gold and silver can keep going higher, but they need to hold above the current resistance (1340, 20 roughly).
Cheers,
Ivan.
Reply
IvanLabrie TOP IvanLabrie
2 months ago
Tightening stops is a good idea if still long. 1332 and 19.685 will work if the uptrend continues in xauusd and xagusd.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out