XAU/USD GOLD Trading Idea IW20 (16/05/2017)
It is finally my first Trading Idea post after since in TradingView for more than 2 years :D
Let's start with the highly sought after GOLD 0.28% trade.
I am still watching the price heading towards the resistance level .
As there are strong greens bars in H4 timechart.
Looking to sell at around 124x area
p/s*
Just cautions for sudden more missiles launch from N.Korea !!
Let's start with the highly sought after GOLD 0.28% trade.
I am still watching the price heading towards the resistance level .
As there are strong greens bars in H4 timechart.
Looking to sell at around 124x area
p/s*
Just cautions for sudden more missiles launch from N.Korea !!
Trade active:
It is headed to 124x level now.
Sell can be executed to test the pair.
Cautious for DXA USDollar further weakness !
Sell can be executed to test the pair.
Cautious for DXA USDollar further weakness !
Comment:
If 124x resistance level break, next level would be 1257
Comment:
Moving sell limit to 1261
USD is too WEAK :(
USD is too WEAK :(
Trade active:
A quick sell for retracement at 1261 level.
If a break here, we can easily see GOLD heading toward 128x level.
Good Luck
If a break here, we can easily see GOLD heading toward 128x level.
Good Luck
Comment:
Retracement as analyzed !
TP should be around 1246 area
Happy pips-ing
**Be prepared for continued uptrend for tomorrow news
TP should be around 1246 area
Happy pips-ing
**Be prepared for continued uptrend for tomorrow news
Trade closed: target reached:
TP HIT 1245 area !!!
Enjoy the fruits :)
Enjoy the fruits :)