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WalterWhitesMoney

Time to buy gold for a long ride to $1309

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
WalterWhitesMoney Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD xauusdlong UGLD GLD GDX GDXJ JNUG USDJPY us10yr
16
2
xauusd xauusdlong ugld gld gdx gdxj jnug usdjpy us10yr
Great buying opportunity has arrived, lets buy some gold in this area for 1309 area. USDJPY has become over extended and has entered into a great short opportunity and US 10YR Yields has also become over extended. Green pips to all
Comment:
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We are seeing some pretty good consolidation in this area, nothing has confirmed yet so continue to monitor the downside with a SL.
Comment:
making great progress, nearing our first tgt 124X
snapshot
Comment:
UJ has now broken down past support, XAUUSD also broke out of the range 1216-1226 and gives us a clearer indication that we continue towards 1240.
snapshot
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snapshot

MACD is now about to cross which confirms buy signal for me, 1240 1st tgt
Comment:
snapshot

MACD crossed now (see red arrow), there may be some bumps but overall we are now in bullish trend again 1st tgt 1240
Comment:
I am currently all cash now, I closed my longs at 1233.XX yesterday after the close, price action made me believe that we were going to pullback so I decided to take profits and await new entry, but the health care news surfaced and gold got some more legs. Awaiting pullback from 1240 to find new entry.
Comment:
closed position on trailing stop 111.00 awaiting new entry
Trade closed manually:
hit 2nd tgt, the technicals are looking like we may see gold rollover here so I am all cash and looking to go bear.
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