eskgroup

Gold Update - Buying Dips

FX:XAUUSD   Gold / U.S. Dollar
We strongly believe that TA does not have weight on a non-technical market, we experienced this yesterday as Gold             dropped over $50 and nobody knew why, despite what they say publicly :) However, we can't ignore TA completely, that wouldn't be smart.

Our chart illustrates weekly and monthly fibo targeted support levels. If Gold             breaks weekly 62.8% support level this week (specially if NFP is >150k) price could extend to monthly support at 50% as indicated on the chart. The 1200 level is significant as multiple technical support levels confluence (see our Monthly published charts below).

We note USDJPY             PA to analyze the Gold             market as we strongly believe the correlation is very strong this year.

Disclaimer: Shorts from 1363, 1347 and 1315 being managed with TP1 at 1293 (closed 33%), TP2 at 1254s and finally TP3 at 1212s (subject to market conditions). Long added at 1293 stopped out at $4 loss. Long at 1283 and 1266s being maintained - no SL applied yet. Reduced risk applied to longs.

Please trade at your own risk. Don't take me seriously. :))
excellent !
+1 Reply
no SL applied..love this one~
+1 Reply
eskgroup Cornhub
Riding this donkey like a cowboy! :)
Reply
Cornhub eskgroup
you know I'll comment below~ :)
Reply
eskgroup Cornhub
LOL! Haha...Gc is gonna kick us out of here!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out