Gold Buy Opportunity

FX:XAUUSD   Gold Spot / U.S. Dollar
The price broke the downtrend line and move to SMA100. The daily chart gives a bullish signal from MACD histogram. We should be ready to see further upward movement at least in short term. If we look at the current time frame, DMI shows that the bears are not so strong. MACD also confirms the upward movement. Pending orders for buy can be placed at 1325.70 with stop orders below the local swing low at 1312.00 level. The main profit target should be at the resistance level .
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Not really ;) Check this one
same idea. i agree :p
note in TF4 it is the flag line and R1 is already break. that means the price is immediately headed for R2.
ardiansyah ardiansyah
@ardiansyah, soryy. i mean S1 -----> S2.
Hello Dlavrov

You had a long USDJPY idea and a Long XAUUSD idea but this two are inversely related pairs.

One is bound to fail, no?
+4 Reply
lelaniilee wjredwin
@wjredwin, I agree USDJPY is more like a bearish continuation for now
MACD on the chart is in 1 H TF. Daily MACD did not yet give bullish signal. POG is in consolidation mode. Could you please give us some direction if ball game between 1340 and 1310 will continue and if finally POG will break 1360? Thanks in advance. P.S. We will appreciate if you supply analysis about silver.
wow lot of trading ideas of you today. And it's not even the end of the month;)
DLavrov TheDudeForex
@TheDudeForex, the markets are good for possible trading opportunities. Why not to write about it )
@DLavrov, nice to hear the markets are good:) thank you very much for your ideas!
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