piphunters
Long

GOLD: A golden buy setup

FX:XAUUSD   Gold/U.S. Dollar
3450 43 77
11 months ago
Gold             has broken the long term corrective structure to the upside, buying after consolidation above the trend line looks like a very golden idea.
11 months ago
Comment:
snapshot
11 months ago
Comment: we may have begun the corrective move down
11 months ago
Comment:
GOLD:  Don
11 months ago
Comment: ready for a break out!
11 months ago
Comment:
snapshot
11 months ago
Comment: possible buy opportunities around
11 months ago
Comment:
snapshot
11 months ago
Comment: another breakout anticipated
10 months ago
Comment:
snapshot
10 months ago
Comment: right now any dips are buying opportunities
8 months ago
Comment:
GOLD: Another Golden opportunity!
8 months ago
Comment: buy the breakout!
8 months ago
Comment:
GOLD: A possible leading structure for an upside impulse
8 months ago
Comment: possible impulse coming up!
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Peter_238
11 months ago
will done pip..dont want miss this..
+1 Reply
piphunters Peter_238
11 months ago
great, probably in a couple of days it will be ripe for an entry
+1 Reply
AlexxChan
11 months ago
nice! Will be on a lookout for this
+1 Reply
piphunters AlexxChan
11 months ago
yes as peter said don't miss it!
Reply
IvanLabrie
11 months ago
I don't think this is a wedge, everyone thinks it is lately.
I feel the trendline is too obvious still.
+1 Reply
InsiderB IvanLabrie
11 months ago
@Ivan, You mean trendline didn't broke, yet ?
Reply
IvanLabrie InsiderB
11 months ago
No, I mean that the trendline might not work this time, or it might be a fakeout before more drops.
For now the daily and weekly have a pretty strong uptrend though.
I won't short again since we broke monthly resistance.
It's an interesting situation, very extreme rally, should be interesting to see how it resolves.
That being said, it's half the speed/rate of change compared to the faster counter trend rally since the top, so I don't think it's a reversal.
+4 Reply
piphunters IvanLabrie
11 months ago
waiting to see the developments from here
+2 Reply
InsiderB IvanLabrie
11 months ago
Agreed !
+1 Reply
GoodLuckbabe IvanLabrie
11 months ago
yes Ivan brother you are quite right on it its a very extreme rally.
Reply
rajenderam40
11 months ago
Agreed !......... Why don't you using moving average indicator? Sir....
+1 Reply
piphunters rajenderam40
11 months ago
sorry I don't use moving averages to do analysis
+1 Reply
Loii
11 months ago
Golden Cross over ;) 50ma > 200ma
+1 Reply
piphunters Loii
11 months ago
is it?
Reply
Loii piphunters
11 months ago
soon. probably next week.
Reply
piphunters Loii
11 months ago
okay
Reply
GeneraldisastersInc
11 months ago
I have a question....
Which is the real trendline?! Has it really broken out, or is it just like the other ones?

To me, this is most likely going to pull back again.

snapshot
+1 Reply
ZawOo PRO GeneraldisastersInc
11 months ago
theres no such thing as "real" trendline.
+1 Reply
Lanmar PRO ZawOo
11 months ago
"Real" basically means the most objective as possible - something every trader should see based on price reaching symmetrical levels consistently. I'm with General here.
+1 Reply
GeneraldisastersInc Lanmar
11 months ago
Its all imaginary lines we draw on a paper. Just this one might mean something to the astute trader.
Reply
Lanmar PRO GeneraldisastersInc
11 months ago
Blue
+1 Reply
piphunters GeneraldisastersInc
11 months ago
I didn't know there were 'fake' trend lines either! use them for guidance purpose only and not depend solely on trend lines for taking trades, there should be underlying analysis which makes you take the trade or not!
Reply
Csys GeneraldisastersInc
11 months ago
Although I have to agree with ZawOo in that there is no real TL, the right TL should be the one which goes against what you think.
Reply
olly_price
11 months ago
Always interesting to see an opposing opinion. I posted this just a minute ago, let me know what you think and maybe tag it in this to see what other people think.
Year-end gold prediction: $970-$1030
Reply
piphunters olly_price
11 months ago
okay, let's wait and see how it develops!
+1 Reply
GoodLuckbabe
11 months ago
snapshot
this is very very possible setup brother as this falling wedge always break to up side but i am slightly looking on it from different point of view i think we are still in descending channel and price can fall back again but little cautious on it as MACD showing very strong divergence but i am waiting for the price action on channel trend line and response from MACD thanks for sharing
+1 Reply
piphunters GoodLuckbabe
11 months ago
thanks and good luck
Reply
Kevin_Lomax PRO
11 months ago
Great chart I agree
Reply
piphunters Kevin_Lomax
11 months ago
thanks
Reply
charlybuy
11 months ago
snapshot
Reply
jhakas
11 months ago
intraday gold setup

Gold Buy Setup
+1 Reply
piphunters jhakas
11 months ago
good luck
+1 Reply
jhakas piphunters
11 months ago
thanks!
+1 Reply
piphunters jhakas
11 months ago
you are welcome
Reply
Timing is key
11 months ago
Nice observation, pullbacks can create nice entries. I usually work with parallels however I wanted to see where the current move sits with a fork and your chart workup......One thing looks pretty clear...the current move is at extreme based on my fork, I personally like it to close outside the fork and then close back in the upper parallel, However the fact that it pulled down pretty hard on the wide range weekly bar makes it pretty obvious that we should get some sought of pullback to equilibrium ( the median line ) around the 1180-1190 level....If it gets to that level we can then re-evaluated if it's just a correction before a larger impulsive move or a true change in direction. interesting to see.
snapshot
+1 Reply
piphunters Timing is key
11 months ago
nice, thanks
Reply
GoodLuckbabe
11 months ago
that was very sharp did not look back to give chance those who missed the boat it was looking very sharp on 1 min chart
Reply
piphunters GoodLuckbabe
11 months ago
yes it didn't, but now it's retracing back, will good to buy
Reply
Peter_238
10 months ago
thanks pip :)
Reply
piphunters Peter_238
10 months ago
my pleasure
Reply
trendlegends
8 months ago
<
Boss will be mad

Look like movement
+1 Reply
piphunters trendlegends
8 months ago
possible!
Reply
pete_hef
8 months ago
STOPPPP--.. How Many Charts do you post within one minute :-) :-)
Reply
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