Bandarsq

Jun 28, 2018 2:33 PM

Gold Long Setup Long

Gold/U.S. DollarFXCM

Description

⋅ Jun 28, 2018 2:33 PM

XAUUSD has just landed on two major levels, the uptrend and Fibo level.

I expect Gold to reverse here and targets the upper trend of the triangle.

Cheers!

Comment

⋅ Jun 28, 2018 2:54 PM

A breakout of this downtrend will start the up move.

Comment

⋅ Jun 29, 2018 4:58 PM

Good to go. Cheers!

Comment

⋅ Jul 14, 2018 10:46 AM

It seems Gold just made wave 5 of C. I expect a bounce here.

Comment

⋅ Jul 14, 2018 1:28 PM

By using Arithmetic Scale, Gold still shows respect to the uptrend.

Comments

GcNaif

⋅ Jun 28, 2018 4:20 PM

nice chart. now lets wait for confirmation

Bandarsq

⋅ Jun 28, 2018 4:21 PM

@GcNaif, Thanks boss. A breakout of the downtrend should help.

Saeglopur

⋅ Jun 28, 2018 6:03 PM

Yeap, might be, 1241 is important for two reasons - trendline and 0.5 Fibonacci retracement. I've tried to describe it and selected few other supports because it's more possible that we would move to uptrend but at slower pace:

Bandarsq

⋅ Jun 28, 2018 10:11 PM

@Saeglopur, Nice idea. Thanks for sharing. I would like to see how USD will behave next week.

Saeglopur

⋅ Jun 28, 2018 10:30 PM

@Bandarsq, We had massive correlation with EURUSD. Since today it stopped and gold is moving down while EURUSD stayed above 1.15 and I guess it is a definitive support. If not - hell is opened for EURUSD :D

bhowe

⋅ Jun 28, 2018 5:16 PM

Everyones waiting. Break of that trend line will start the buying. Thanks for sharing

Bandarsq

⋅ Jun 28, 2018 10:10 PM

@bhowe, You are welcome. Next week is key for this setup.

Hassanfx_Expert

⋅ Jun 28, 2018 2:36 PM

sir Sl plz

Bandarsq

⋅ Jun 28, 2018 2:55 PM

@Hassan.saeed881994, Tough question since it's all about your own strategy.

rere04

⋅ Jun 28, 2018 4:55 PM

@Bandarsq, i think he ment "trade 4 me".