vlad.adrian
Long

GOLD - Correction time

FX:XAUUSD   Gold/U.S. Dollar
546 16 7
a year ago
Gold             has been pretty predictable lately. Every time it went oversold it was time to buy, and every time it moved back to value it was time to sell. Right now we are in oversold condition. Another typical pattern for gold             has been retracing 78.6% of the previous high. That is where I want to take profit because although the current pattern looks like a massive trend reversal, it is too soon to tell if Gold             can actually reverse this downtrend.

Bullish divergences appear everywhere, on every indicator from the weekly to the daily chart . There is also an inverted head and shoulders pattern on the 4H chart which helps with the timing.

I would look for 1160 in the medium term, but who knows, maybe this will be a multi year bottom, however I don't want to bet my money on that.
10 months ago
Trade closed: target reached
Forex-Social
a year ago
Hi Vlad. Glad you're back. I love your analisys...

Best regards.
+1 Reply
vlad.adrian PRO Forex-Social
10 months ago
Thank you for your kind words!
Reply
Forex-Social vlad.adrian
10 months ago
BTW this one was one more winner... kudos!
Reply
vlad.adrian PRO Forex-Social
10 months ago
It was indeed!
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jangseohee
a year ago
Hi Vlad Mentor,
great to see that you are still active on and off, i do share the same view
snapshot

snapshot

upside target is 1130 while SL is 1059
Reply
vlad.adrian PRO jangseohee
a year ago
Thank you for your kind words jangseohee
+1 Reply
jangseohee jangseohee
a year ago
decided to move SL like yours ^_^ 1043
Reply
Xauusd
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vlad.adrian PRO IndonesiaBankTrader
a year ago
thumbs up!
+1 Reply
Same view. Buy dips early next week! Price action on friday was really constructive
+2 Reply
IvanLabrie TOP
10 months ago
That was a great trade, congrats.
Reply
vlad.adrian PRO IvanLabrie
10 months ago
ThaNk you, unfortunately I did not have a real trade on gold...
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IvanLabrie TOP vlad.adrian
10 months ago
Oh no!
Too bad.
(It has happened to me a few times)
Great call anyway.
Reply
vlad.adrian PRO IvanLabrie
10 months ago
Happens all the time, real trading is so much different than paper trading.
+1 Reply
IvanLabrie TOP vlad.adrian
10 months ago
I had multiple longs on the way up, I'm happy I took them, but I did have lower buys where I got stopped. Yes, people who don't have experience expect it to be much easier ;)
Cheers!
Reply
IndonesiaBankTrader
10 months ago
XAUUSD
Reply
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