EverythingForex

Quick Take: Post-FOMC Gold Analysis

FX:XAUUSD   Gold/U.S. Dollar
1012 6 25
4 months ago
In a previous post a few days ago, I gave the suggestion to go LONG based on my wave count and that Gold             had reached a critical zone where a confluence of factors came together to provide strong support.

Well, I went LONG at that point but also got stopped out when I moved my SL to B/E before the FOMC as there was much doubt as to how Gold would react. But now that the FOMC is over, Gold has now followed my projections and is headed higher in an ending wave (5). After this wave (5) is done, we should see a MASSIVE opportunity to SELL. But first things first.....wait for a pullback to get LONG....

Does this kind of analysis help you with your trading? Want more in-depth analysis of markets like this? Just subscribe to my website and you will get in-depth analysis, commentary, intraday updates, access to private chat rooms, REAL-TIME trade recommendations and trade updates and more!

Faceb00k: http://goo.gl/Mb81w7
Website: www.efxselect.com to subscribe
Join my Skype chat room! It's FREE (requires registration): Skype link: https://goo.gl/2fwvsa
Documented Trade Log here: http://bit.ly/29AeqnC

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

THINK before you comment! It takes MUCH work and time to create these posts! So before you decide to criticize me for what I post, or how I choose to post, remember that I don't just throw a chart up with a few lines on it with a few arrows showing 2 possible directions and that's it. I can do those in 5 mins. My charts take MUCH effort and I put much detail into creating them for your benefit. I hope it helps but I also hope it's appreciated!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
4 months ago
Comment: Gold update wave count.....
snapshot
BIG NEWS! Want a FULL WEEK of FREE ACCESS to my member's charts & analysis? If you want it, PM me! Also, for all who PM me, you will be entered to win a FREE MONTH'S Subscription! PM me for details!
forged
4 months ago
Yep, I'm doing exactly what you'll do...
Reply
yogi.kash
4 months ago
hi ...i needed on view on this...i have taken a short position at 1337.66,which to the fib retracement levels is at .236 currently...what do u suggest from here ???i am lookin at levels of 1332 1328 to book profits...
Reply
EverythingForex PRO yogi.kash
4 months ago
why SHORT? This is an uptrend in development. Why go against it? If you are trying to scalp trade, sorry, I can't help you because that is not my style. I am only looking to buy here. Good luck.
Reply
yogi.kash EverythingForex
4 months ago
hi ...the market did do a major retracement from the 145 levels back into the .382 fib levels but unfortunately it hit my stop loss..so i was thrown out of the trade ...as per your chart showin buying on 2nd TL levels , shud i enter into a long position ? also what would be the BoJ impact on this pair ? thanks in advance
Reply
OrelMely
4 months ago
nice... i am happy for see your idea.....we are in the same....blessings
Reply
Marvin
4 months ago
I'm curious as to why you're not buying now.
+1 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