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ProjectSyndicate
Sep 6, 2020 9:05 AM

XAUUSD H4: XABCD BULLS: TP 1950/2000 USD(SL/TP)(NEW) Short

Gold/U.S. DollarFXCM

Description

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XAUUSD H4: XABCD BULLS: TP 1950/2000 USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect short-term
losses before reversal (BULLS).


::: XAUUSD 4hour/candle chart review
::: Speculative XABCD setup BULLS
::: buying low near point D 1850/1855 USD
::: is the best technical setup now
::: Bulls will target 1950/2000 USD soon
::: confirmation requires so let's wait for it
::: TP based on measured move is 2000 USD
::: recommended strategy: market BUY/HOLD
::: SL below recent low 1925/1930
::: TP1 1950 USD TP2 2000 USD
::: BUY/HOLD - swing trade setup
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS/UPTREND/PRZ
::: Outlook: BULLISH
Comments
PolarHusk
great idea mate!
wurucututu
Well, that's some nice charting skills. Thanks for sharing!
Do you think a scenario like this is too unlikely?
FXCM
thanks for sharing! this is what I see on Gold:
InkyGrip
Amazing Chart! thanks for sharing it! 🤟🏻
bappykhalidhasan0
good idea
ProjectSyndicate
@bappykhalidhasan0, thank you!
KlejdiCuni
I love this setup. Keep it up and thanks for sharing.
ProjectSyndicate
@KlejdiCuni, appreciate it!
SunnyHillCapital
Great idea!
Check out our analysis, let us knwo what you think!
ProjectSyndicate
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