Gold - Controversial Long

GoldOANDA

Description

⋅ Oct 3, 2020 11:19 AM

I am heavily inclined on DXY death and for that reason, I have a bullish outlook on GOLD, although the majority of retail sees sells.

I will be looking to buy XAUUSD on Monday if we stay trading in and around the current price zone. I have marked out my buy target with a potential SL and TP you can use.

COT Data - 54% Long

Comments

Ash_FXtradingMadeSimple

⋅ Oct 3, 2020 11:45 AM

Think we will get the push to the upside, posted a similar analysis 👌🏼

AlkalineFX

⋅ Oct 3, 2020 11:46 AM

@Ash_FXtradingMadeSimple, We got this bro!

Ash_FXtradingMadeSimple

⋅ Oct 3, 2020 11:47 AM

💯🤘🏻

Lizabet

⋅ Oct 7, 2020 3:07 PM

I like the way you design your charts. Is this one still valid?

Abdilahisaleh

⋅ Oct 3, 2020 11:08 PM

i think it gonna go down. look high time frame( weekly) it shows double top which is an indication of changing the direction. be careful.

ProfitDesk

⋅ Oct 4, 2020 4:23 AM

@Abdilahisaleh agree with you, i see it down as well

AlkalineFX

⋅ Oct 4, 2020 1:29 PM

@ProfitDesk @Abdilahisaleh Best of luck people, have a great trading week!

Samhanzy

⋅ Oct 3, 2020 12:53 PM

I really hope it buys, because I've been seeing nothing but uptrend and I'm really confused that it even came down to the 1899 level.

AlkalineFX

⋅ Oct 3, 2020 2:15 PM

@Samhanzy, Needed to grab some liquidity potentially