Technician
Long

Gold: Monster doji Hints Renewed Demand

FX:XAUUSD   Gold/U.S. Dollar
954 25 8
Update: first target hit, moved stop loss at break-even,
Update: Closed first half at first target=$20(200 points), second half at 1240(120 points)
Profit(points)=320


Major rejection at the neckline for the double bottom pattern, I am willing to buy weakness. Potential targets at 1248.00 followed by the 50-days SMA and 1265.00.
If you dont want to miss any trade and see all the trades live, fully transparent. Join my FREE channel here https://telegram.me/technician_forex_trades
Trade is active now, hopefully will play-out well
Reply
aether PRO
3 years ago
In what way does a short and sudden price drop of 2.5% in a minute hint renewed demand?
Reply
Technician TOP aether
3 years ago
It's not the drop aethar, it's the rebound
Reply
aether PRO
3 years ago
I see...
Reply
NF414 PRO
3 years ago
well, good luck with that one.
Reply
Technician TOP NF414
3 years ago
thx, tough one
Reply
Update: Reached 99% of first target, so i moved stop loss to breakeven, and trading is still active
Reply
Trade* is still active
Reply
krystianfx Technician
3 years ago
I'm waiting with short at 1270:)
Reply
Technician TOP krystianfx
3 years ago
Hopefully we will get there :)
Reply
Update: first target hit, moved stop loss at break-even,
Reply
BlockReward
3 years ago
Nice work, this was spot on, let's see what happens now!
Reply
Still active ... zzzzz. this is getting on my nerves
Reply
Major pin bars, i decided to close the other half at 1240
snapshot
Reply
Finally,
Closed first half at first target=$20(200 points), second half at 1240(120 points)
Profit(points)=320
Reply
I never considered the monster Doji as a significant candle. usually long legged doji's are incorrect orders that are filled. I believe this is the case here on this chart.
Reply
WallStScalper PRO QuantitativeExhaustion
2 years ago
I see it the same way JR
Reply
QuantitativeExhaustion PRO WallStScalper
2 years ago
I'm getting closer to pulling the trigger on Silver SLV... need to see last drop before the big pop. Looks like Feb 1st will be the trigger date
Reply
Technician TOP QuantitativeExhaustion
2 years ago
sorry for the late reply, what r u waiting for? taking 19.90 major resistance ?
Reply
alex.a WallStScalper
2 years ago
me, too but somehow Technician got out with profits. Very lucky dude ~
Reply
Technician TOP alex.a
2 years ago
If at your place I would say thanks instead. But anyway I am really grateful for being so lucky.
Reply
Technician TOP alex.a
2 years ago
Stop Bugging ppl u and ur gang
Reply
Technician TOP QuantitativeExhaustion
2 years ago
Could you please define what are incorrect orders?
Reply
Feeling furious about this one, now second target is hit :|
Reply
blackdog
2 years ago
Good one Technitian...I must have been sleeping.....standing up that is.... :-)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out