FX:XAUUSD   Gold Spot / U.S. Dollar
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Gold should drop guys, couldnt publish it on time but 1237 and 1235 are targets sl 1242 + spread
Dec 06
Trade active: Tp 1 hit moving sl to BE 1239.5
Closed half
Dec 06
Comment: Sorry tp 1 was 1236 (horizontal blue line rounded up)
Dec 06
Comment: Sorry tp 1 was 1236 (horizontal blue line rounded up)
Dec 06
Comment: tp 2 hit as well.. still got some running till 1230 if it goes there
Dec 06
Comment: 5-0 for the week
UCAD +100
AUD/USD+ +100
EU +30 ish
Gold + 50 and still running
Oil +150...
over 400 pips for the week guys PLEASE SHARE AND FOLLOW

still holding gold taking more partials if 1235 breaks and closes then tp will be 1230 or 1229 and let a bit more run at BE
Nice idea on XAUUSD and there may be bearish bias as you have you have identified. For our set up, we have identified the key resistance and support levels for the short term. The first resistance that we have identified is at 1239.73 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance), below the resistance that you have identified. Stochastic is approaching its resistance at 97% where a corresponding reversal could occur. If a reversal does occur, we may look at the 1213.26 (50% Fibonacci retracement , horizontal swing low support).

Please have a look at our idea and share with us what you think.


Reply
ycaptain7 ICmarkets
@ICmarkets, hey guys. I don't use any indicators. Iv seen alot of people use fib levels though and they seem pretty accurate. The resistance you identified is where i went short after confirmation ofcourse. OVERALL my bias on gold is bullish though! i wont let that affect my trades though
Reply
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