mrvopni

Gold/USD Buying Opportunity Possible in 2019-2020

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Buy for a Bounce Trade Around where arrow is.. its not perfect but give or take around here, preferably call it $990-$1045 would be perfect and that's only if it gets there in 2019-2020, it it goes there later and breaks the 200 month ma and the trend line then my trade suggestion is no longer valid... so patience on this one boys and girls...., I'm only wanting to play long side so this is where i feel comfortable putting on a position. the 200 month moving aver is the and the extended trend line in purple is there too. And once more thing is you get close to the high back in 2008 at around $1040 before dropping to call it $700. Then moving up and crossing the $1040 decisively and the coming back a couple months later and bouncing perfectly off $1040 before moving to the all time highs.

Comments

Happy Trading, I'd Love Feedback On This
+1 Reply
PLEASE NOTE THAT EVERY TIME I UPLOAD A CHART THE BLUE ARROW IS SIGHTLY OFF WHERE I ACTUALLY PUT IT. SO JUST NOT I'M SAYING AROUND THE 200 MONTH MA AND THE PURPLE TREND LINE
+1 Reply
I'd Like to mention that the arrow once you load the chart doesn't actually point to where it was on this chart when I made it. So please read my notes. I think that in the long run you could buy this at 990 to 1045 $$ USD
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