Bandarsq

Dec 25, 2016 6:30 AM

Gold After Rate Hikes Long

GoldOANDA

Description

⋅ Dec 25, 2016 6:30 AM

In this idea I have compared Gold's reactions after rate hikes in December 2015 and 2016. They share a similar pattern, symmetrical triangle.

Happy New Year!

Comment

⋅ Dec 25, 2016 9:44 PM

On 4hr time frame, RSI broke out.

Comment

⋅ Dec 27, 2016 3:13 PM

Breakout

Comment

⋅ Dec 29, 2016 3:07 PM

IHS breakout

Trade closed: target reached

⋅ Dec 30, 2016 2:56 AM

I took profit here. Good Luck! :)

Comments

eskgroup

⋅ Dec 30, 2016 4:06 AM

You aren't holding till 83s?

Bandarsq

⋅ Dec 30, 2016 10:55 AM

@eskgroup, I might long later.

ahussein5

⋅ Dec 30, 2016 3:11 AM

Well done, Bandar!
Happy New Year and Happy Trade!

Bandarsq

⋅ Dec 30, 2016 10:54 AM

@ahussein5, Happy New Year!

AlphaDreams

⋅ Dec 29, 2016 3:31 PM

Nice update!! Thanks for sharing.

Bandarsq

⋅ Dec 30, 2016 10:54 AM

@AlphaDreams, Thanks mate.

gaptraderhq

⋅ Dec 27, 2016 5:34 PM

@Bandarsq ... I so hope you are right. I have so many longs in Gold. If this happened it may just save my account!!!

Bandarsq

⋅ Dec 28, 2016 5:11 AM

@gaptraderhq, Looks promising so far.

huaweiming007

⋅ Dec 27, 2016 10:47 AM

Good job, mate!

Bandarsq

⋅ Dec 28, 2016 5:11 AM

@huaweiming007, Thanks.