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khansalarehsan
Jun 21, 2018 8:21 PM

A great opportunity to go Long Gold  Long

FX_IDC:XAUUSD1D
GOLD / U.S. DOLLARICE

Description

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Gold Long

Comment

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Friends during the last a few hours we have seen a change in the market sentiment. BoE report signals a possible rate hike in August and since then all USD crosses are going to fade the hawkish FED tone last Wednesday.

I can see Shooting stars and inverted hammers in all charts. Let’s start with EURUSUD



Shooting star on DXY and divergence



Shooting star on equally weighted average and divergence



Clear rejection of on Nikkei futures




Oversold Gold



Equally EURO weighted. See the false breakout of the lows for last a few sessions.



US yields 2 years, 5 years, 10 years and 30 years all pulled back. See 10 years here



All bonds also bounced…

Trade active

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Comment

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Trend AnalysisHarmonic PatternsChart Patterns
Comments
FOREXSAKE
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Nice chart , I am with you on this one. Quick question. How do you get the "equally weighted average" on Tradingview ?

Thank's and keep up the good work.
FOREXSAKE
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Only thing that concerns me is the death cross on the daily chart..
FOREXSAKE
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In fact , I am out of this trade. A bit to risky. Nice short forming on AUD/CAD. Over to that. Good luck and hope it works out.
Mijan
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Thanks for your analysing, I always follow your setup, keep up the good work.
khansalarehsan
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@Mijan, It is my pleasure, Sure, Thanks
UnknownUnicorn2012266
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any updates where gold may go now?
khansalarehsan
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@ntabish12, I am waiting for further confirmation about YEN and NIKKEI. For now nothing mate :)
UnknownUnicorn2012266
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@khansalarehsan, crazy times for gold--i am stuck in long and too late to hedge :D
Oinvest
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@khansalarehsan, still nothing? currently holding this trade . I guess youve been stopped out?
khansalarehsan
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@Oinvest, 1260.69 was the stop mate. See the numbers on the right axis.
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