FullTimeTrader
Long

XAUUSD-an opportunity to join the rally

FX_IDC:XAUUSD   Gold / U.S. Dollar
995 13 10
Here we can see an ideal pullback to join this rally.
Looking at W1 chart we see price is doing a pullback to a long term level of S/R
snapshot


Right now is bouncing from the short term trendline resistance that i expect to be broken soon.

SL would be below the horizontal support shown on chart.

My current EW count also suggest we are at wave 4:
snapshot

Regards.
All the BEST from me :)
Reply
FullTimeTrader moneymaking
Hello, i see price is finding a strong resistance at the trendline and your 100 ma. Bulls/bears fight with this crazy market anyone can win! best regards.
+1 Reply
IvanLabrie PRO FullTimeTrader
For sure!
It's a bit unclear, with such volatility, tight stop and large tp will pay off.
Good luck!
Reply
moneymaking FullTimeTrader
Absolutely, it will be good fight nonetheless. Thank you :)
Reply
IvanLabrie PRO moneymaking
What's your take on GBPNZD and GBPAUD guys?
Reply
FullTimeTrader IvanLabrie
Non-tradeable for a long time, like after the CHF crisis.......
Reply
moneymaking FullTimeTrader
Ya, totally agree, market needs time to adjust that huge spike. on sideline for now :)
Reply
IvanLabrie PRO FullTimeTrader
Gotcha, indeed, looks gamblish right now.
Reply
Rocketman FullTimeTrader
I am still long MUX (a gold miner and long gold. I think it will pull up after tonight or by tomorrow night from what I see. Even a fall to 1132.70 is fine. Then, it should pull right back up. Also, a few days ago GDX (gold miners etf) gapped up when it hit its support line. it is testing it again today. The same thing will happen, and DUST will fall back down.
Reply
I'm actually short mate, 100 ma retest at previous broken support structure:
snapshot
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out