goldenBear88
Long

Congrats on great Profits! (Engaging new set of Buys)

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Traders who took my Buy call, Congratulations on great profits! As end of the session approaches, Gold will seemingly print another (2nd in a row) Bullish Daily candle in search for #1,486.70. On a side-note, this marks the biggest three candle Bullish cohesion since May 3, #2019. The Weekly candle closes on a near +2.00% but the Monthly is still on an encouraging +0.36%. I will not need to analyze this more than once to spot that the current Daily Channel Up will allow a symmetrical #1,492.20 extension (the monthly MA20 period) on the Monthly chart by end of the week as my new Target. I will be reviewing my technical outlook day-by-day but we cannot deny that we are on Bullish momentum on Gold (my estimation shows even #1,500.20). However it is important to consider that Selling near Monthly rejection points is technically not advised, especially when Keltner/Williams on both Weekly and Monthly/86.832/ -6.203 and 100/ -3.756) on a clear Oversold condition. This suggests than only if July's Low #1,462.20 is crossed, we can spot with certainty that Selling is a clever idea. As I mentioned, and Technically on the Long term Selling is not favored unless those benchmarks break. Torn DX will add Buying pressure on Gold as I engaged new set of Buys to utilize this Bullish potential to it’s Maximum. Target remained the same.


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nice update, thanks for sharing, buddy.
ultimate xauusd xabcd setup bulls/bears with sl/tp bullish xabcd
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@asgcorp, Nice outlook but personally, I don't think that we will Fall this Low. High Volatility ahead but few Dollars down, nothing serious. Thanks for your input anyways!
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Great breakdown mate! I am glad I followed you I enjoy the profit today.! I am working on something that will enable me to join your premium service.
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goldenBear88 Chiefkonrad
@Chiefkonrad, Thank you! Looking forward to doing business with you. Glad that you had great Profits!
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Great breakdown, and beautiful profits! You are appreciated.
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@FWill, You're very welcome! Always a pleasure receiving kind words from my fellow traders! Hope you had decent profit!
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I admire your analysis, skill and, most of all, conviction in your trade setups. Glad you returned to tradingview after long hiatus.
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@Suresh75, You always show up with gratitude and appreciation! Thank you for that! Hope you also had great profit and ready for new ones! I'm honored that you follow me!
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kevinyml1991 goldenBear88
@goldenBear88, so are we going to expect a high above 1485 by this week?
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