timwest
Long

XAUUSD Buy Signal using Time at Mode on the daily chart

FX:XAUUSD   Gold/U.S. Dollar
636 4 9
See the chart:
1. Note how the mode has risen = bullish . It was 3-days at the lower price, now it is 4-days at this higher price.
2. Note the range expansion bar coming out of the 4-day mode, that is bull market behavior. It is a good idea to buy on pullbacks to the mid-point of a range-expansion bar and use a stop at the low of the expansion bar.
3. There is upside remaining to the $1258 level using the price action around the 4-day mode and projecting up from the mode.
4. Alternative plan: If stopped out, go short and use a stop at the mid-point of the range expansion bar labeled in black with the black circle around it. 1229 +/-
5. Good fortune to you. Not all trades will be profitable, of course.

Tim 1226.83 last (It was 1224 when I made this chart, frustrating) 2:30AM EST 10/15/2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
thanks timwest
+1 Reply
pumi11
2 years ago
Gold like BItcoin.
+1 Reply
timwest PRO
2 years ago
Gold acting ok here - Looks like this chart is building for an even bigger move now. I'll update it when I can.
+1 Reply
timwest PRO
2 years ago
Time to add to positions.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out