XAU.USD

Potential long position. My brokers sentiment is 78% long :o a bit worrying however I do have confirmation. Based off speculation Im actually early on this trade & will be monitoring this trade closely.
Based on technicals the trend may go against me, one of the most popular models is playing at this moment. Especially on gold since price tends to trend more and not fluctuate like the forex market. Anyways good luck !

Thanks.

TrendsAce

Trade active

Comment:

s3.amazonaws.com/tra...shots/q/qSJlo1gE.png

This is the model, also an ascending wedge pattern formation.

Thanks.

TrendsAce

Comment:

Coming across several articles, US economy is sharply decreasing as of 2019. However global growth is not affected. In terms of interest rates, they may have to cut these rates in order to encourage borrowing. The Feds interest rate decision will possibly remain unchanged for the rest of the year, which can also lead to uncertainty for the economy, with trade talks continuing, safe havens may be in play for this moment.

Thanks.

Comment:

In terms of technicalities, it is hard to confirm where the trend may go, however holding such a strong area gives more fuel for bulls to regain territory. The model is still in play but the trend seems to be reversing forming a potential cup formation, its quite interesting. We may see what they call it "a devil bull rush".

On the fundamental side of things, we have a whopping interest rate decision next week which I am unconformable with, so much volatility its surreal.

Just wanted to add to the sceptics out there, I have moved my stops in a calculated manner, they will be moved to 1.1434.00.

Good luck !

TrendsAcee :)

Comment:

The bull rush has begun !

:0

There's some ways to look at this..

-Long the potential bull run
-Dont wait for the pullback

This is the time where price may fluctuate at its highest rate !

TrendsAcee

Comment:

Hello world !

Just to update I will be taking targets at the 1495. area due to some further speculation on how I should have managed this position.

To be fairly honest, the target points and stop losses where highly inaccurate and in efficient for money managing and trade execution. Further study shows I have misplaced this entry also ! So in the meantime I am taking precautions wisely !

Thank you !

FX12333 Aka TrendsAcee

Comment:

Hey analysts,

It has been a very slow month for gold, determined by the outlook on this we shall possibly see a 'bull rush' once again, however the downside of things show slow momentum on 1480 more than 3 times ! Bulls.. take this as consideration you are subject to risk !!!

Furthermore, I have changed my tps once again to 1502 region !! Where I am playing less than a 1:1 risk reward ! Be advised movements on gold are going to come through on a large scale so be prepared..

goodluck !

TrendsACEE ;)

Trade closed: target reached:

After an amazing hold we HAVE finally hit tp coming out with a whopping 340 pips !!!
This trade was very psychological, I also wanted to add through my further research on this that I entered eagerly early, however I am happy with the results :)

Congratulations to those who longed & have a great new year !
Check out my twitter ;)

TRENDSACEEE :)