We took profit on our sell order and now going long for a quick 100 pip bounce off the bottom of the channel. Stop Loss 20 pips and Target 100 pips. Risk reward is 1:5
The movement loses force down that speaks about correction approach. Point technical indicators including MACD to it. At the level of about 1795 support from where most likely correction will begin is located. I consider the minimum purpose of correction level 1870-1875 that corresponds 0.382 according to Fibonacci.
Information provided is only educational and...
According to Gann analysis , Gold is for buy on daily chart.
Targeting 2027 as TP1 , 2097 as TP2 , but notice that it can reverse up to level of 1888 .
too big SL but excelent buy levels .
Going LONG ON GOLD AGAIN.
At present market price.
Stoploss at 1817.69.
Same profit targets. $1857.02 being the first take profit.
Use proper risk management.
Yes, I had to change the first purpose on correction as yesterday we saw falling continuation. However, nobody cancelled correction. I expect price movement to the upper bound of the extending triangle for the purpose of about 1880.
Information provided is only educational and should not be used to take action in the market.
In general gold is still bearish but we need little pullback from 1811 to max 1854 and we can sell again.
so today I am buying gold till 1854.
Reason Gold is oversold and RSI &MACD gives some buy signals
FOLLOW ME AND LIKE THE IDEA
GOLD is going down so hard. Back to back High Impact News as well, I believe that we are just one step closer on hitting 1820 which will bring down the pair up to 1700 area. It could still be a sign of pullback since we know that this pair is just very hard to understand (Gold traders can relate)
For now, you can probably short and position on longs when it goes...
As I specified in the previous idea, in price of gold correction began. The purpose of this correction I expect 1920-1925. MACD and other indicators point to a temporary turn. Thus the price having reached the trend line of the beginning correction.
Information provided is only educational and should not be used to take action in the market.
My detailed trading plan for Gold
with entry/stop/targets.
Price action & multiple time frame analysis.
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After reaching a major rising trend line on a daily,
Gold leaves a lot of bullish clues.
Any breakout white trendline more bullish
The price broke and closed above a resistance line of a falling wedge pattern on 4h.
It looks like the market is preparing for a strong bullish move.
I will expect a bullish continuation to 1887 / 1906 levels.
❤️If you have any...
After testing strong support at 1830-1832, Gold initiated its recovery to 1850 zone which has turned into resistance already.
I'm looking closely at DEX but seems like it is still not leaving its bullish momentum and aiming even higher with every candle and it can be a major cause of putting more pressure on gold to move even lower than 1830.
Personally, I'm...
Gold at critical level. This will determine the future of Gold in the next 6 months. If it goes down below 1820, it is time to sell Gold. However I am still bullish on Gold long term, so it is your choice. NFA
Hey traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 1850 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
My old objectives 1830 are achieved as I spoke in the ideas further earlier there has to be a correction on level 1920. Point to it to a tekhnicheskipa indicators and also the price reached a trend line.
Information provided is only educational and should not be used to take action in the market.
- XAUUSD GOOD H1 TRADE BULLISH IDEA
Hey guys hope all of you doing well lets open the trade with proper lot size or Risk Management
A big fall down as we seen for last days on gold
we expected a buy trade as our analysis we are showing to you that a Strong Support Zone or Stop-loss zone at 1835.00
Use Targets at 1870.00 - 1879.00 - 1891.00 - 1909.00 -...
Detailed video analysis on Gold.
Directional bias and trading plan explained.
Key levels & price action.
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