Loii
Long

LONG TERM BULLISH CHANNEL

FX:XAUUSD   Gold/U.S. Dollar
1468 32 26
7 months ago
LONG TERM BULLISH CHANNEL
This will make higher lows so a retest of $1235 is possible. it will take a week to get to $1280-1285. so u will get opportunities to long.

Gold             is moving in line with this channel!
next top is $1280-1285 (End of next week)

and then $1300-1305 (Early May)
7 months ago
Comment: Each bar is 4hrs
7 months ago
Comment: Time to go to 1280 will definitely be quicker than 41 bars becos more traders now notice the new trend channel so im expecting it can be as soon as a few days. but next wedn-thurs seems likely. this is only a forcast.
7 months ago
Comment: bought at $1230. my SL is $1226.90 if anyone wanna take it lol
7 months ago
Comment: TP is $1275-1285, or whenever i see a bearish divergence
7 months ago
Comment: i will re enter when we find support
7 months ago
Comment: channel this valid as long as this candle closes within the channel
7 months ago
Comment: long at 1227.
7 months ago
Comment: my new SL is around 1222
7 months ago
Comment: tpis $1238. becos i expect a higher low after 1238,
7 months ago
Comment: Changed TP to 1235
7 months ago
Comment: I decided to hold my long, only 0.5 lot. dxy 4h rsi is back down under 70 at the time of writing
TWO SCENARIOS FOR GOLD. BULLS & BEARS
7 months ago
Comment: TP1 1243
TP2 1270-1280
7 months ago
Comment: I have 1.0 lot long, i might hold until at least 1270, then i will look for a bearish divergence and take profit. i might add 1 lot more at a higher low. looking for a inverse H&S
7 months ago
Comment: holding 3 lots long until 1270+
7 months ago
Comment: ii tp 50% at $1270 and the rest got trailing sl tp hit at 1265 :)
7 months ago
Comment: got the right wave count but wrong tops, i adjusted my tops ;) triple bullish zig zag
Private message me if you're interested in trading Live with me on Gold, Silver & AUDUSD. I give only good risk/reward trades only.
Qasimshahzadgt
7 months ago
hi dear i can do talk in pm
Reply
PP-Guy
7 months ago
Thx Loii for the input and forecast.
Reply
flashsolver
7 months ago
my target is 52 for now
Reply
Loii flashsolver
7 months ago
why not 60, it should at least double top
Reply
flashsolver Loii
7 months ago
for some unknown reason i always set TP a bit earlier than chart in case i was out or things went the other way then i take some profit out and leave the rest to run risk free
Reply
flashsolver
7 months ago
are you adding longs?
Reply
Loii flashsolver
7 months ago
total position is 1 lot, im holding,
Reply
flashsolver Loii
7 months ago
how come?
Reply
Loii flashsolver
7 months ago
bullish channel still valid. this will test 1224, if this break i might consider taking loss and reassess
+1 Reply
flashsolver Loii
7 months ago
i hedged some shorts
Reply
Loii flashsolver
7 months ago
i would not hold if price was high like 1243. but buying at 1230, holding is ok if your position is small. support is 1224 and 1220.
+1 Reply
flashsolver Loii
7 months ago
yeah i have at 1240 but it's not a lot it's 0.10 and margin is fine, if 1215 will do the same before the long break out then it might pop back to it, if not then it wont be a great loss
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newbie2016
7 months ago
it fallen below neckline of head and shoulder pattern... 1229 was neckline..
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Loii newbie2016
7 months ago
im looking for a higher low. i plan to tp at 1237-1238 and then buy again only if it makes higher lows. if not ill wait for a new bottom
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newbie2016 Loii
7 months ago
okay, check this..

snapshot
Reply
Loii newbie2016
7 months ago
it depends on the next few hourly candle for sure. but if this is going lower it will likely retest 1238 first as its over sold on 1h.
Reply
Loii Loii
7 months ago
and if this makes a higher low, i will keep my longs
Reply
newbie2016 Loii
7 months ago
We have very impt. China data in Asian session.. but the thing is if gold couldnt hold upside on bad US data then its a negative signal as it drop below that impt. support of 1229 with neckline of H&S then fall below rising trendline as well.. lets see as for now i see sellers completely on gold.. as it has daily H & S as well..
Reply
Loii newbie2016
7 months ago
we all have seen the opposite happen as well. gold rally on good us news so fundamentals only help with volatility. its all market senitment
+2 Reply
newbie2016 Loii
7 months ago
agree.. but i see now more technicals in gold.. back to back 2 head and shoulders.. and gold falling.. seems fishy for buyers.. I myself opened long first then once i saw price action today i opened shorts from above 1230..
Reply
newbie2016 Loii
7 months ago
for now lets see what Chinese data brings.. as i see jumps of gold to be taken for shorts close to 1230 level..
Reply
Loii newbie2016
7 months ago
im not convinced of bull yet becos no higher lows and we broke the bullish channel. i need a higher low and ill buy big. atm my tp is achievable
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newbie2016 Loii
7 months ago
agree.. bullish channel completely taken down.. next target i see is 1218 before 1208..
Reply
newbie2016
7 months ago
old supports and tl. resistances..

snapshot
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fali4209 newbie2016
7 months ago
You going long newbie?
Reply
newbie2016 fali4209
7 months ago
for now i am short..
Reply
newbie2016 fali4209
7 months ago
watch for 1220 level... it can bounce from there..
Reply
Loii newbie2016
7 months ago
this can go either way. just wait sure ur sl is tight like mine, there is technical case for both bulls and bears.
+2 Reply
newbie2016 Loii
7 months ago
this is my setup now.. but now if gold go towards 1220 then i will cancel my buy idea... cuz it already taken upside before going down..

Gold Sell & Buy
Reply
newbie2016 newbie2016
7 months ago
there is also possibility for move towards 1239 from current prices.. so nothing clear yet..
Reply
ahmedfx
7 months ago
Gold
hexagon view H4
Reply
MulyawanMade
7 months ago
Bad US data but gold can not mode up. What happen?
Reply
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