HamzaLeith
Long

Two scenario's to ride the next bullish gold impulse

FX:XAUUSD   Gold / U.S. Dollar
Idea is based on median line analysis and basic support/resistance . Information is on the chart. Good luck
Hey Hamza, how you doing mate? Great analysis, very detailed. I believe we are likely to see the bottom of the bigger BROWN channel, since the market has broken and made a daily and weekly close below the previous LL (1142.59). Let's wait and see how this plays out. All the BEST to you :)
Reply
Cheers mate, thank you, it is very possible indeed, hence the 2nd scenario, I am so eager to catch this impulse, you know how strong they could be...but definitely good to watch closely and build a solid case for entry. Good luck mate.
Reply
moneymaking HamzaLeith
Yes, it's definitely exciting, to go long on gold for long term. This could cover up all the losing trades, if anyone had any, and it will give you hefty profit on top of that. I am definitely looking forward to more updates on this from you. Please do keep everyone updated on this. We want to catch this ride with you, LOL :)
+1 Reply
HamzaLeith moneymaking
You can count on it :-)
Reply
Great....Thanks a lot
Reply
HamzaLeith AliShirali
You are welcome, glad you like it.
Reply
Just wanted to say that I will be setting at a Target 1 and Target 2 on this one. My first target will be 1303. The second one is shown on the chart. Cheers
+1 Reply
blackpirate HamzaLeith
Yeah finally i found someone thinks exactly same as me , great forecast Mr. Hamza. I think scenario 2 is more likely. 1500+ by 2016 Q1.
We discussed with some people here about the future pricing. I think , gold is manipulated and overrunned by paper contractors.
So this makes , trading gold extremely unsafe on OTC market. I invested a lot , but only physical buy.
Good Luck.
Reply
HamzaLeith blackpirate
Thank you, let's hope it pays off :-) Good luck to you too mate
Reply
scenario 2 now in play...
Reply
HamzaLeith HamzaLeith
Guys, don't expect a swift reversal, price will drop again. Expect several retests of the channel and the pitchfork before a reversal.
Reply
at the current price...would u recommend to long by monday?
Reply
. Hi Shuks, sorry for the late reply, had no laptop last weekend.
snapshot
Reply
More room to the downside!...most likely 1045 (but 1030 is not unlikely)
snapshot
+2 Reply
moneymaking HamzaLeith
Hey Hamza, how you doing mate? I totally agree with you on that. I think the market will very easily break that pennant and move lower from there. Hope you had a great trading week. Have a GREAT WEEKEND mate :)
Reply
HamzaLeith moneymaking
Hi mate, thanks for the kind words. Have a good weekend. This week has been characterized by "waiting" for the market to reveal its intentions (typical NFP week). Now that we had that, many trends are about to resume and profit from earlier setups will follow hopefully. Have a good weekend.
+1 Reply
moneymaking HamzaLeith
Nice, yeah this week was definitely included lots of waiting time. It was lots of uncertainty in the markets this week, especially due to the NFP. Everyone tried to stay on the conservative side. Let's hope that next week brings more good trading opportunities :)
+1 Reply
great decide now up or down
Reply
HamzaLeith mucahit06
Hi Mucahit, valid question, I have been hesitant, probably because I called the end of the correction too soon. Here is what I think...
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out