GOLD XAUUSD > Analysis > 14 February 2022
Helloo traders!
Hopefully following last weeks successful trades, we all had a rested weekend.
Whilst I hold a bullish bias, it's not recommended to buy the top ;).
As most probably are aware the news in Russia caused the price to rise on Friday and will continue to help drive the price of gold.
Although I would like to see a continuation, I believe today we will have a little cool off with people trying to get lower prices and expect that maybe on either Tuesday evening or Wednesday we see prices begin to rise again with news on Russia.
If we break below 1849, I will be waiting for buy opportunities around 1843. However for me this is a little critical.. if levels break below here I would expect to see 1828 before we go higher which holds another buy opportunity.
Buy opportunities
order 1 @ 1843 (small lot size - be aware that if price breaks below we can go to 1828 before we go up)
TP 1 1852
TP 2 1862 - Watch level here, we need a clean break here to avoid a double top.
TP 3 1875
SL 1820
Order 2 @ 1828
TP 1 1843
TP 2 1852
TP 3 1862
TP 4 1875
SL 1815
If you have any questions please don't hesitate to ask. And if you like my analysis please shoot a like and a comment to show your support.
Hopefully following last weeks successful trades, we all had a rested weekend.
Whilst I hold a bullish bias, it's not recommended to buy the top ;).
As most probably are aware the news in Russia caused the price to rise on Friday and will continue to help drive the price of gold.
Although I would like to see a continuation, I believe today we will have a little cool off with people trying to get lower prices and expect that maybe on either Tuesday evening or Wednesday we see prices begin to rise again with news on Russia.
If we break below 1849, I will be waiting for buy opportunities around 1843. However for me this is a little critical.. if levels break below here I would expect to see 1828 before we go higher which holds another buy opportunity.
Buy opportunities
order 1 @ 1843 (small lot size - be aware that if price breaks below we can go to 1828 before we go up)
TP 1 1852
TP 2 1862 - Watch level here, we need a clean break here to avoid a double top.
TP 3 1875
SL 1820
Order 2 @ 1828
TP 1 1843
TP 2 1852
TP 3 1862
TP 4 1875
SL 1815
If you have any questions please don't hesitate to ask. And if you like my analysis please shoot a like and a comment to show your support.
Order cancelled:
Slow day. Although market moved in predicted direction, unfortunately entry was not hit so I will close this idea.
I personally did some small lot trades and will look for some shorts around 1865-70.
I'll post a new idea tomorrow.
I personally did some small lot trades and will look for some shorts around 1865-70.
I'll post a new idea tomorrow.