faylee
Long

1st.set up for Bull

FX_IDC:XAUUSD   GOLD / US DOLLAR
2554 15 70
Entry: 1248-1251
NFP is coming, Gold             fell to an important support, which holds Brexit event.
I'll use 1/3 of the positions to buy here;
The other 2/3 should wait for clear signals came out.
Comment: This is daily chart, almost clone the history, but trading still need to wait for clear signals.
snapshot
Comment: before NFP,1259blocked,pocket some profits, or move S/L to cover the cost .
see the updated Chart below:
both the red line and the blue trend line blocked
once breaked up, go north. The purple area is safty to buy.
snapshot
Trade active: The rest 2/3 Entry is $1255

go go go!
Comment: There's a 2B here. Finally the price back to 1249-1260 consolidation area.
The bear trap always happened in the tail of down trend, within the weak consolidation area.
1H RSI in bullish Div, meantime, silver fell slowly and not as much as gold.
snapshot
Comment: I'm expecting an ABC bounce
snapshot
Trade closed: target reached

Related Ideas

O.o Hi~
Reply
waait for it.. not yet
Reply
are you also convinced that the NFP gonna be bad?
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faylee Annette
I read from ADP, so I think NFP is possible to be 170k or 140-150k
+1 Reply
what ever data come about NFP gold will bounce from 1230. and within one month i will touch again 1300 to 1320 to break 1200 level.
+2 Reply
faylee china didn't make any indicator ? who predict future price ?
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this one is great
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hello,i am Chinese too,I want to get in touch with you.QQ565756236 abcd8220@163.com
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Love your peak to trough cycle analysis in image 1. Creative thinking
+1 Reply
faylee Lanmar
Thank you, give me your comment if you have.
+1 Reply
Very nice! Last night l'm et long 1247, tp1 1265, tp2 1280-85
Reply
wonderful!
Reply
good and detailed analysis .. thank you
Reply
faylee PaoloC
You're welcome~
+1 Reply
thank u
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