Technician
Long

Gold: Bullish Rebound!

FX:XAUUSD   Gold Spot / U.S. Dollar
1542 21 21
Update: Price retraced again to test 1280.00 level, had a new opportunity to long

1)Multiple crossover above and below the moving averages indicates a bias-less market, sideways bias is favored for me,
2)Testing a major horizontal support area ,
3)being rejected strongly
4)potential bullish divergence on Momentum

I will long anywhere near 1280 targeting 1300 and 1330, with a stop just below today's intraday low

Good Luck, join me at :
https://twitter.com/thefxchannel
thefxchannel.com
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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;)
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Update: Price retraced again to test 1280.00 level, had a new opportunity to long
Reply
Technician Jamil Ahmed
well, everything is possible, but no way can know!
Reply
Jamil Ahmed Technician
see this
+1 Reply
Technician Jamil Ahmed
It could happen, but happening in the past doesn't mean it will happen again! I suggest keeping your eye on confirmation signals such as candlestick patterns
Reply
Jamil Ahmed Technician
my pattren complete :)
+2 Reply
Technician Jamil Ahmed
Great Call, good luck
Reply
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