Loii
Long

7 POINT WEDGE LINE SUPPORT BULLISH SCENARIO

FX:XAUUSD   Gold/U.S. Dollar
1805 24 41
8 months ago
Found something amazing today!
7 POINT WEDGE LINE SUPPORT BULLISH SCENARIO.


Private message me if you're interested in trading live with me on Gold             , Silver             & AUDUSD             . I give only good risk/reward trades only.
8 months ago
Comment: Crazy to think we only broken this line once!
8 months ago
Comment: This is still valid as long as this daily candle closes above 1254
8 months ago
Comment: was up almost 40k floating profit at $1358 but the $20 drop was too fast. could only close at 20k aud profit. better than nothing
8 months ago
Comment: taking another holiday in 2 weeks haha ;)
Private message me if you're interested in trading Live with me on Gold, Silver & AUDUSD. I give only good risk/reward trades only.
austinchan PRO
8 months ago
So.. are you bull or bear? :P your #1 and #2 scenarios in your previous idea were bear but this new one is bull!
Reply
Loii austinchan
8 months ago
if u read the comments on that chart i said i am no longer bias to bears. i said neutral. also this graph is just a supportive chart for gold bulls. i only have 0.6 lots long on gold. i will short bigger lots if the trend is bearish. i would keep this position long term becos i have alot of capital.
+1 Reply
austinchan PRO Loii
8 months ago
this prediction was on point, congrats on 20k profit
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Loii austinchan
8 months ago
ty
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hleivacr
8 months ago
Hello' i'm newbie here. So this is a bull?
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Marvin
8 months ago
Nice spot. It is only for the last 6 days though, including 2day, but it's still worthy of a chance to go long.
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Nightstar
8 months ago
The Miners rallied at the end of the day, that could very well support your 'bullish bias'. Or we could be in for an unpleasant surprise.. either way, Commodities are in a bullish market and once all the hype and anxiety from the Brexit dies down; it will be business as usual for Gold.. meaning up we go!
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Ronnee
8 months ago
Hi Loii, now we have reached this point in time, I do like your idea...1 the USD...2 Yellen speech ie int rate decrease, maybe..3 Bremain odds are..will create more infighting over migrants etc..... This market seems to have lost its emphasis to go lower at this point..another cycle up could be real now..cheers..good to read your thoughts and charting expertise.. Things change rapidly and you need to try and stay on top eh...Ron NZ .. Just might hedge or stay out until........
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Ronnee
8 months ago
More I think about it the more I like this..remain vote as always been odds on to win this, so much of that would be priced in the market..I'm don't think the sellers will have the power to break this line..as you say not been done often...the drop for remain may have happened..if the vote does go exit gold will skyrocket no question..but remain is Statius quo, so downward pressure is probably not great....the dollar is weak..us economy is wreaking ie no rate inc, in fact decrease likely now...just my thoughts,but they fit your chart..........
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Ronnee
8 months ago
Oops spelling...us economy is weakening .......cheers
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gLloW PRO
8 months ago
Nice. That looks like a H&S continuation pattern. I think it will be breaking up above that channel.
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isaac312 PRO
8 months ago
lol dig more fundamentals ;)
I hv short 6 lot from the above lol and scalping at sell off
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Marvin
8 months ago
Why 1254?
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nexuz
8 months ago
Dont u think we will retest 1350 in Euro Session?
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Loii nexuz
8 months ago
most likely
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Loii Loii
8 months ago
for a double top lower high. there is a smaller chance we can go higher but i dont know
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isaac312 PRO Loii
8 months ago
lOII!!! HOW WAS YOUR TRADING???
i WAS DYING OUT AND LONG 5 LOT LONG LOL AND SKY ROCKTED
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Ronnee
8 months ago
Thanx Loii , went ew on this long at 67!! and short at 50..haha have deleted that out of play...1267...1335..very pleased...thanx for your help which confirmed my thinking...once NY get on this it may hit 1400 or something? Depends on final result of course..may be there's a surprise to come at the last minute..need to get over 75% counted I would think before being 100% certain,,,it could drop $100 if result swings back!, cheers Ron NZ
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Loii Ronnee
8 months ago
BRIEXIT is confirmed
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Ronnee
8 months ago
Well, could be another 100 in store, and even more over the next weeks....this is Hugh...this could start a meltdown of Europe as we kno it....global economies ...wow this big...very bullish for gold I would think..cheers
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Loii Ronnee
8 months ago
not soon. i expect some bear maybe in a weeks time
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Richmand808 PRO Loii
8 months ago
bear gold? Why?
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Loii Richmand808
8 months ago
i said later not now
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Ronnee
8 months ago
Yes, I was a bit surprise NY didn't push it higher , big players probably using overseas brokers, anyway, yea ...i can only see a int rate decrease now after Yellen spoke, not a increase..if more countries want to defect from the union...an any other bad global news appears it should push gold..., meantime could certainly retrace to lower levels...cheers...keep up the good work..Ron NZ
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