Dear gold bulls,
Happy 2019 to all of you , nevertheless 2019 begin with a huge whammy, a 600 pips flash crash on the audjpy less than 24 hours ago haha
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I expect gold bulls to keep piling the pressure to 1299.50
Entry : long xauusd at 1290
SL: 1278.50
TP: 1299.50
time frame : minor swing trade
the reason I put the stop loss at 1278.5 is to avoid the gold lowest point for this year @ 2nd jan @ 1278.7 and the reason why I put the TP at 1299.5 is to avoid the psychological whole and nice number resistance at 1300
Gold rising channel on the 15,30 mins and 1 hr chart is continuing nicely upwards at 45 degrees angle depending on how u scroll an expand your charts.
fundamentally , gold bulls is being aided by weak USD ISM data and also regressing china PMI data, and apple acknowledging their competitiveness and expected profits will be duller than expected for 1st quarter
additionally, the Elliot wave within the rising channel is clear as crystal as gold has been breaking new highs (1291, 1292) with each rising swing
happy pips scraping for 2019
Happy 2019 to all of you , nevertheless 2019 begin with a huge whammy, a 600 pips flash crash on the audjpy less than 24 hours ago haha
.
I expect gold bulls to keep piling the pressure to 1299.50
Entry : long xauusd at 1290
SL: 1278.50
TP: 1299.50
time frame : minor swing trade
the reason I put the stop loss at 1278.5 is to avoid the gold lowest point for this year @ 2nd jan @ 1278.7 and the reason why I put the TP at 1299.5 is to avoid the psychological whole and nice number resistance at 1300
Gold rising channel on the 15,30 mins and 1 hr chart is continuing nicely upwards at 45 degrees angle depending on how u scroll an expand your charts.
fundamentally , gold bulls is being aided by weak USD ISM data and also regressing china PMI data, and apple acknowledging their competitiveness and expected profits will be duller than expected for 1st quarter
additionally, the Elliot wave within the rising channel is clear as crystal as gold has been breaking new highs (1291, 1292) with each rising swing
happy pips scraping for 2019
Trade closed: stop reached:
a better than expected non farm payrolls charge gold downwards to my stop at 1278.5. :( :(