Technician
Short

Gold: Possible Reactive Bounce!

FX:XAUUSD   Gold / U.S. Dollar
3067 15 26
I am looking for a short-term setback here as the price was rejected noticeably of the 50-days SMA and near the 50 percent retracement level. Stochastic enters overbought region.

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Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
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Technician
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Reached beyond first target, will wait for new signals for now..
-1 Reply
Yahia.Awes Technician
The eurusd pair is trading above the 1.1 now, so I think it is going to open a bit higher than 1210 monday...
Reply
a potential HS
snapshot
+1 Reply
Technician TOP jangseohee
No valid one in my view mate
-1 Reply
jangseohee Technician
ok
+1 Reply
Yahia.Awes jangseohee
Remember that one when I saw it they said I'm crazy :D
Reply
I was buy gold 3pip @1213, but i dont what i do, wati or sell? Please help me
Reply
just thought the signal on silver looks better - pin bar at 61.8% fib + resistance zone.
snapshot
Reply
Yep noticed silver as well..
-1 Reply
IvanLabrie PRO Technician
Gold has a straight, no base rally...Silver has more signs of accumulation in the background.
+1 Reply
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