ZarNegar
Long

Entry into the Zone # 6.

FX:XAUUSD   Gold / U.S. Dollar
1859 7 38
In the last two weeks. I did not think that gold             could break the 1155 support.
But it was broken.
And now. The first target is 1120. The second target is 1063.
However there is the possibility of a correction in 1183.
The result:
E.p = 1173
S.l = 1183
P.l = 1063
Position size = 99% risk of capital

Related Ideas

Not tested the 1147 front, feeling no longer test lows.
+1 Reply
Nice setup! I guess u meant short not long
Reply
Yes. You are right.
I mean, is short.
+2 Reply
blackpirate ZarNegar
why did you loose your confident ?
IN GOLD WE TRUST :D

I think 1190$+ will be seen in short period. But like you mentioned i agree ,
it has to break above 1204$ for a powerful move again.

HIGHLY RECOMMENDED FOR ALL TRADERS>>
DO NOT TRADE COMMODITIES LIKE GOLD ON OTC . ALWAYS GO WITH THE PHYSICAL INVESTMENT.
If you still gonna trade it , just keep it minimal (MAXIMUM %0.5-%1.0 of your total balance)
Reply
Ostad great set up. This is the best set up for Gold so far. Keep in mind we might have US Federal Reserve first interest rate increase in many years hopefully by the end of this year. Market conditions are ok for now so far so good. Combining all these with Greece getting another round of bailout which will help the market push higher and higher before we eventually have a crash. Movafagh bashi and good luck. All the best Zarnegar jan. Babak From Canada
Reply
excellent analayse , it hits all th targets
Reply
VERY VERY NICE
Reply
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