faylee
Long

1st.set up for Bull

FX_IDC:XAUUSD   Gold / U.S. Dollar
2558 15 71
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

thank u
Reply
good and detailed analysis .. thank you
Reply
faylee PaoloC
You're welcome~
+1 Reply
Very nice! Last night l'm et long 1247, tp1 1265, tp2 1280-85
Reply
wonderful!
Reply
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
hello,i am Chinese too,I want to get in touch with you.QQ565756236 abcd8220@163.com
Reply
this one is great
Reply
faylee china didn't make any indicator ? who predict future price ?
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out