FullTimeTrader
Long

XAUUSD-an opportunity to join the rally

FX_IDC:XAUUSD   GOLD / US 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.
The vertical bit might be just 1-2,i-ii still!
Can be a crazy rally...I'll keep an eye on it.
Reply
I'm actually short mate, 100 ma retest at previous broken support structure:
snapshot
Reply
IvanLabrie PRO moneymaking
Yes, even if it's 1-2,i-ii like I propose, we still need a 3 day correction first.
Reply
IvanLabrie PRO IvanLabrie
(Pair trade would be good, short gold, long silver to close the spread)
Reply
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 PRO 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
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out