Loii
Long

$1360-1400 GOLD! MY LONG TERM FORECAST!

FX:XAUUSD   Gold/U.S. Dollar
1668 19 32
5 months ago
MY LONG TERM BULLISH GOLD             FORECAST!

- The Red wedge line is a wedge from $1900 top to 1790 top (two previous top).
- $1360 is a strong resistance will probably hold at first test.
- I expect the next bear to be deep. up to $100 correction or 61% retracement.
- There is a small possibility that $1320-1325 is the top as well. We have to take this into account!

FOLLOW me & LIKE my idea for more cool trade ideas ;)
5 months ago
Comment: too soon to call 1315 the top yet but its possible. lets see if we can break 1315
5 months ago
Comment: i am no longer bullish, i am neutral. until i analysis the daily chart tomorrow
5 months ago
Comment: what you need for a bearish formation is either a double top or lower high. to confirm bear.

for bull we need to break 1315
5 months ago
Comment: if we can go back above 1300 my bias will be bullish again
5 months ago
Comment: I AM BEARISH NOW till $1243 or lower. i will update this chart tomorrow.
5 months ago
Comment: here is my new chart
2 SCENARIO FOR GOLD BEARS!
5 months ago
Comment: my 1360-1400 target is STILL VALID but we need a retracement of 50-78% first! my 1360-1400 targets are long term. i dont plan to short big. so this is not a change in plan at all. i just fitted a retracement along the way.
5 months ago
Comment: i am a slave to the charts/technicals and not my emotions. if i trade based on my emotions, it will be bull all the way LOL.
5 months ago
Comment: I DO NOT RECOMMEND TO SHORT! best strategy is to buy on strong support, hard to tell where the bottom is atm. but 50-61-78% retracement is possible.
Private message me if you're interested in trading Live with me on Gold, Silver & AUDUSD. I give only good risk/reward trades only.
pongbao
5 months ago
Your chart seems to support the 'No Brexit' case. :D
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robus pongbao
5 months ago
his chart supports Yes Brexit and profit taking. lol
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Loii pongbao
5 months ago
YES this is likely invalid if briexit doesn't happen.
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pongbao Loii
5 months ago
Oh right thanks!
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Mrsaini
5 months ago
HI LOII, CAN WE ENTER LONG NOW....?
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robus Mrsaini
5 months ago
Around 1308 is better. We have found Support near 1304-1306.
+1 Reply
Loii robus
5 months ago
what robus said, u can long scalp at support levels with $3 SL. do this for your own risk.
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ssegnkrd
5 months ago
hie Loii..

Excellent.!

I think 1320 is the top, now its very difficult to brake this. the short trend is begin

short @1301 Target 1266 Sl 1309
+1 Reply
isaac312 PRO ssegnkrd
5 months ago
Naahu till the news come out, there is never top
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isaac312 PRO ssegnkrd
5 months ago
damm you were right! How could you tell??
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EmalbansFx
5 months ago
Let's respect the 200MA on the weekly chart please, I have short positions and I just unblocked my hedged positions. Loli, if you have a hand in the push up please, give up. thanks.
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Loii EmalbansFx
5 months ago
its not a top until we have another failed break of 1315, too soon to tell.
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EmalbansFx
5 months ago
okay, am following you, but I must reblock my shorts again,
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Annette
5 months ago
Sharp correctiondoesn't mean no high in long term ;) I think that gold gonna fall in the next days not for a considerable reason ex brexit but because has been manipulated for more than a week ;) after everthing gonna restart better than before ;) crises and bubbles around the corner... every month gonna be a good one for a bullish position.... profit from gold soldes waiting for the big shot ;)
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Comment removed.
Loii SupraBoy
5 months ago
I trade purely based on technicals. Markets can change within hours.
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Mitasse
5 months ago
Like your idea, however if you go long term i do not think it is appropriate to change you stance after 2 hours? Thank you for sharing your thoughts and posting to the community though and please continue sharing your ideas.
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Loii Mitasse
5 months ago
Why not? R u paying me to post these charts? It's my money. I do what's best for my money. Market conditions can change in an instance. Must adapt.
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ombakh
5 months ago
Thanks for sharing....1248 support maybe?
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Loii ombakh
5 months ago
can be as high as 1263
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