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

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moneymaking
a year ago
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 :)
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HamzaLeith
a year ago
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.
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moneymaking HamzaLeith
a year ago
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
a year ago
You can count on it :-)
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AliShirali
a year ago
Great....Thanks a lot
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HamzaLeith AliShirali
a year ago
You are welcome, glad you like it.
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HamzaLeith
a year ago
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
a year ago
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.
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HamzaLeith blackpirate
a year ago
Thank you, let's hope it pays off :-) Good luck to you too mate
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HamzaLeith
a year ago
scenario 2 now in play...
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HamzaLeith HamzaLeith
a year ago
Guys, don't expect a swift reversal, price will drop again. Expect several retests of the channel and the pitchfork before a reversal.
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Shukz
a year ago
at the current price...would u recommend to long by monday?
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HamzaLeith Shukz
a year ago
. Hi Shuks, sorry for the late reply, had no laptop last weekend.
snapshot
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HamzaLeith
a year ago
More room to the downside!...most likely 1045 (but 1030 is not unlikely)
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moneymaking HamzaLeith
a year ago
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 :)
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HamzaLeith moneymaking
a year ago
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
a year ago
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
HamzaLeith
a year ago
snapshot
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mucahit06
a year ago
great decide now up or down
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HamzaLeith mucahit06
a year ago
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
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