GOLD See the exact chart below and notice the patterns.
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: XAUUSD Time frame: 1D What Has Happened So Far: Over the last few weeks we have been posting about gold and the range it is currently in. There has been no real direction in the price of gold over the last...
Long silver and the target is previous supply structure.
XAUUSD has formed a bullish engulfing candle on the daily time frame. A bullish confirmation candle has closed further confirming this setup. RSI divergence and a trend-line break has occurred on the H4 time frame. Price failed to close below the middle bollinger band on the weekly time frame. I will post H4 and weekly point of views in the comments below. SL...
Entry at any significant pullback. Take Profit: 1550 Stop Loss: 1250
Zebralligator Indicates another long position on Gold! Luckily we were able to get in a little early at 1274.00 Recent Trades: We broke through a major resistance. We then retested that resistance. The breakout was big, Then we had overbought conditions. Now we are long again!
XAUUSD has formed a significant bearish engulfing on the weekly time frame after bouncing off a strong support level. A very strong Bollinger Band outbreak confirms this long term short setup. SL set above previous highs. TP set slightly above the first thinner resistance level. Price may continue all the way down to the support level.
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: XAUUSD Time frame: 1D The one saving grace right now is that gold is starting to bounce a small amount on Friday. This is revesing in the "wider" range we identified last week. What do we need to happen now?...
GOLD daily chart Regularity with wedges and we have already seen a similar situation, as now. And this is the good opportunity to reach the Great Supply Zone.
All visible indicators show me that XAUUSD will continue moving down for next few weeks maybe months but afterwords will reverse. XAUUSD is inversely correlated to DXY that means DXY is moving up while XAUUSD is moving south:
ENTRY: 1272.91// SL: 1262.78// TP: 1302.23 BUT I WOULD RECOMMEND TO CONTROL YOUR LOTS SIZE AND DELETE YOUR SL. RISK MANAGEMENT IS EVERYTHING
Entry: 1264 Stop Loss: 1250
Wait For The Bounce To Enter For A Long Position