timwest
Long

Gold XAUUSD Bullish Signals triggered, 1187 tgt, more buys ahead

FX:XAUUSD   Gold/U.S. Dollar
2016 14 42
a year ago
Gold             is building for a measured move to $1187 on XAUUSD             .

Gold             "range expanded" out of the recent "mode" at 1135-1130, which triggered the first buy signal of a 10-day long potential rally to 1187. We are in DAY 3 here.

The pullback today provides another entry to the mid-point of the "range expansion day" highlighted in "bright blue". The target on this position is highlighted already.

The stop on the bigger trade to 1187 is a stop at 1129, from an entry at 1147.

Buy more on another range expansion rally (yes, buy on strength, up $14 on the day) and use a stop 'down on the day".

Target 1187 on that additional purchase also.

Best,

Tim

11:43PM EST October 7, 2015
a year ago
Trade closed: target reached: 1187 reached
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IvanLabrie
a year ago
Excellent risk/reward here...Let's see how it goes.
+3 Reply
Jack4Rain
a year ago
I saw the day timeframe down trend resistance line.
Reply
Justiceisfalse
a year ago
Concur - with a bit of a different perspective
snapshot
+2 Reply
Brilliant analysis here..! Gold is bullish in the coming weeks.. https://www.tradingview.com/chart/XAUUSD/BHz6Jv7J-Gold-Wave-3-in-Wave-3-Combined-With-Breakout/#tc241697
+1 Reply
Fxprotrader PRO Fxprotrader
a year ago
snapshot
+1 Reply
IvanLabrie
a year ago
This one looks very good.
+1 Reply
ksingh15
a year ago
Doesn't seem like we will reach to the target, resistance around 1168-1170 is strong!
Reply
thanks time for nice analysis
+1 Reply
timwest PRO manijeh.kazemi.33
a year ago
You are welcome!
Reply
IvanLabrie
a year ago
Absolutely perfect Tim ;)
Reply
Well done Tim.!
Reply
IvanLabrie
a year ago
snapshot


Looks like a big hurdle above...might be a monthly time at mode failure!
Reply
jangseohee
a year ago
marvelous!! Great call!
Reply
tdance PRO
a year ago
To the dollar, man. Well done.
Reply
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