FX:XAUUSD   Gold Spot / U.S. Dollar
2232 29
Possible new quickie for spare cash.
Buy at the current price or wait for 1262 for target 1277.


Comment: Note about stop loss on this quickie. On the chart, it is 1259.
The thing is that if 1262 is broken downwards then target is 1257.6
That being said, if you see 1262 being broken, you can either stop the trade and buy again at 1257, or you can adjust the Stop lower than 1257.
Personally, I am not taking this trade because I already have a position opened at 1263 and all my positions Aim first 1285 - and 1307.
Anywhere above 1262, we have really nice potential to go up and reach 77 now.
Comment: 1262 so far did a great job. If you execute trade there, GL.
Comment: Some of you reading this, could you help me to figure out is there some Trump speech later today? I heard about it from an unknown source, so far I don't see it being registered in economic calendars, maybe some of you know something about " today's Trump speech " ?
Thank you.
Comment: Trump Paris Climate Deal, Found it. All good :)
Let's hope for the best.
Comment: Not as quick as previous two quickie ideas, but we can try to hold it for next day.
77 is the last roadblock to first initial target 1285. Not that far away.
Trade closed: stop reached: Hello, guys. Have to mark this as STOP reached.
However, if you followed the update and moved SL below 1257 you're still ok.
Low is 1258.9 and target were 1257.81 with 1$ rule we can count it as reached.
77 is still on cards.
My 1263.xx position is living as well, but remember about NFP today and be careful.
Idea closed.
Good Luck.
Comment: Just wanted to say thanks to a lot of you who sent me Private messages letting me know you moved SL below 57 and now fingers crossed.
That just shows your faith in analysis and is highly appreciated.
And sorry to those who were stopped out on initial SL pointed out on the chart.
If you hold the trade just move SL to be and relax after that stressful NFP moment.
77 is near and we are near our first initial target 1285 as well.
Thank you once again.
it means gold go up .....?
@deepen, We can not know, it depends on how investors react to the Deal and what underwater stones that we don't know about exists. With news events, we can never know.
I am aiming 1285 and hopefully, it arrives sooner or later.
Take care.
deepen TheZabisyu
@MetalCruisers, Gold managed to squeeze in a positive close for the month. I say squeeze for two reasons. The monthly momentum just managed a small crossover to the buy side, right on the margin, and the candlestick chart shows a doji star, when prices open and close at the same level from open to close. Means a non event. A trend therefore requires a follow up move above the highs at 1295. The long lower shadow to the doji however shows support at lower levels near 1213 . In March too we witnessed a lower shadow to 1194
@deepen, Very interesting. Thank you for your insight and pointing out to what you see. I think we should be good then :)
deepen TheZabisyu
@MetalCruisers, thanks just my view bro
deepen TheZabisyu
@MetalCruisers, hope so u enjoy this train
@deepen, cheers.
+1 Reply
yes there is ... at 4 hour and 40 minutes later trump will speak
TheZabisyu sadeghm9
@sadeghm9, Thank you!
sadeghm9 TheZabisyu
@MetalCruisers, no problem
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