timwest
Long

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

FX:XAUUSD   Gold / U.S. Dollar
2019 14 42
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
Trade closed: target reached: 1187 reached
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Excellent risk/reward here...Let's see how it goes.
+3 Reply
I saw the day timeframe down trend resistance line.
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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 Fxprotrader
snapshot
+1 Reply
This one looks very good.
+1 Reply
Doesn't seem like we will reach to the target, resistance around 1168-1170 is strong!
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thanks time for nice analysis
+1 Reply
timwest PRO manijeh.kazemi.33
You are welcome!
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Absolutely perfect Tim ;)
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Well done Tim.!
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snapshot


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