faylee
Long

Waiting for a retracement to buy

FX_IDC:XAUUSD   GOLD / US DOLLAR
1369 16 48
4 months ago
Gold             looks bull both in short term and longer term.
However, will Gold             price break out 1360 in early next week?
Don't forget next Fri             ." NFP".
1) 1350-1355 will be tested again, if 1360 blocked, short for rally and hold till"NFP".
2) 1329             is an important support, for longer term plan, go long if it holds.

That's the strategy only. Trading depends on the technique signal to match up with the strategy.
4 months ago
Trade active: I've shorted at 1352.8 in yesterday.
TG1:1339
TG2:1330
4 months ago
Trade active: My first short at 1352.8 has reached SL at 1356.
Then i continued to short at 1360.17, TG1 1355.2, if 1355 supported, pocketed some part of profits and go long for hedging for the rest position.
I can't bet on whether BOE will cut interest rates or not, but the majority of the market think it will act, since Gold price has broken out 1360 today.
If BOE won't act, 1360 will be the top in a few days.
3 months ago
Trade active: TG1 has reached!
I've closed the short position from 1363-1366.
Now it's approching TG2 1330, which is my estimated buying entry. But should be careful that the day close and week close look very bearish. If 1330 holded,we can expected a bounce to 1346 in next week.
ETF kept buying 7.13Tons in Fri.
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Bandarsq PRO
4 months ago
Nice chart.
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faylee Bandarsq
4 months ago
Thank you;)
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wenshan
4 months ago
Good shot
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faylee wenshan
4 months ago
Thank you;)
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al.calgary
4 months ago
What SL?
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faylee al.calgary
4 months ago
Now SL moved to 1356
+1 Reply
AdrianM al.calgary
4 months ago
Stop loss
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faylee AdrianM
4 months ago
1356
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AdrianM faylee
4 months ago
I know. for some reason I thought al.calgary asked what SL meant so I explained what it meant.
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alistanbuldan
4 months ago
hi, this trade is still active ? I stopped what do you think about it ? when we in again for long position faylee ?
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faylee alistanbuldan
4 months ago
yeah, i am about to update my plan, already reached SL, But i shorted at $1360.17 TG1 at 1355.2
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chu168
3 months ago
great call
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Victor.Y.F
3 months ago
Thank you Faylee ! It's a strong buy there be careful with A50 PBOC could purchase bunds soon. A tail risk is gonna happen for helping weighted JPY reach it's purchase power and will reach inflation 2% target after that.
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alistanbuldan
3 months ago
H, Fay Lee, do you still wait for xau? What's your opinion about it? Thank you ..
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SungPLM
3 months ago
do you use fundamental analysis to proceed your trade?
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faylee SungPLM
3 months ago
yes, i would integrate fundamental analysis
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