Tradesmanship
Long

Different perspective on gold.

FX:XAUUSD   Gold/U.S. Dollar
7 months ago
Earlier we were hoping for a short term short knowing that the general trend is bullish .
We took 20 pips in the old trade and we have a new trade setup here.

We have a minor channel embedded in a major channel, I have already bought at 1317 .
I don't think its wise selling even if we do break to the downside but this scenario is quite unlikely.
you can either buy at this point if your a aggressive trader or wait for it to break out the minor channel before making a move.
7 months ago
Comment: going as planned, placing SL at BE
7 months ago
Comment: if you missed the train, you can long after the breakout of this line

snapshot
7 months ago
Comment: retesting minor channel top of minor channel. going good so far.
7 months ago
Comment: 114 pips so far
7 months ago
Comment:
snapshot


we are still retesting the channel, we will go up if this breaks
7 months ago
Comment: we are back in the channel again, long till upper channel
7 months ago
Trade active
6 months ago
Trade closed manually: 160 pips

Related Ideas

newbie2016
7 months ago
nice..
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Tradesmanship PRO newbie2016
7 months ago
thanks, I hope your on the pip train too ! , cheers ;)
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newbie2016 Tradesmanship
7 months ago
yeah same train... :=)
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Tradesmanship PRO newbie2016
7 months ago
awesome ;D
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newbie2016 Tradesmanship
7 months ago
there are very good chances that gold can shoot 1348 and high on friday
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Tradesmanship PRO newbie2016
7 months ago
snapshot


yes, technically I see it going even higher then that because we have a bullish flag on the daily. I will keep my gold positions open till tomorrow and reopen again on Monday ;)
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newbie2016 Tradesmanship
7 months ago
Here is my detailed chart.. I will post on my chart too.. i have buy from 1344 too and now 1318

snapshot
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Tradesmanship PRO newbie2016
7 months ago
we have the same view almost ;) once it breaks your neckline I think we will witness a nice big bullish candle.
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newbie2016 Tradesmanship
7 months ago
infact it has bullish setups on lower time frames as well... so today 1337 will not act hard resistance but we have 1st resistance at 1339.50 and we will get some resistance from there to once more dip towards 1337 then towards 1348.25 next resistance.. and stiff one for today...
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