SageFXTrading

Gold - Area of Interest

FX_IDC:XAUUSD   Gold / U.S. Dollar
750 19 11
I will be keeping a close eye on the price action for Gold             on Wed (depending where you are). Trump speaks tomorrow and that could have an impact on it.

My position on it remains uncertain, it still shows a down trend since July, but is also now retesting key resistance. I will wait and watch and remain neutral. Good luck everyone!
Trade active: Gold corrected a bit this morning. I felt that it hadn't reach Key Resistance yet. I got in long at the mentioned stats:

Long @ 1180
S/L @ B/E
Trade closed manually: Gold's move was strong and quick, there was a huge pin bar for a while and now there is a bit of retrace. Lots of volatility this morning.

Closed 1/2 @ 1187.38 (+806 pips)
Closed 2nd 1/2 @ 1183.61 (+429)
good one dear. :agree:
+1 Reply
@tipua411, Much appreciated! :)
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I've posted a new follow up analysis of Gold to keep it clear and separate from this one, follow the link above for the update. Cheers everyone.
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i wish it goes short its at the key after a long wave to up side . needs to pull back
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@radbeh60, And it has indeed! :)
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Thank you very much for your analysis. Makes sense.
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MARGEO MARGEO
@MARGEO, If you can keep up updated on the AH-HA epifany! :)
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@MARGEO, Thank you for your kind words :) I will definitely keep this updated and bells will ring the coming of the AH-HA epiphany :P
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MARGEO SageFXTrading
@SageFXTrading, Many thanks mate. I have followed you and awaiting. I have a small short position open but I will hold out for the moment. My stop loss is at 1260 at the moment.Lets see what Trumps speech will bring!
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@MARGEO, Looks like your short worked out!
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