I will setup my sell entry and setup my tp to my pending buy. This chart is from my previous analysis for gold spot. If you miss it, just look at it and you will know my pending buy entry already there.
This buy setup entry is only before nonfarm payroll. Let see how it go. On the red zone, again, that is not a SL, but its just imaginary SL,which is valid if the price close below the redline. I will strict on my active trade to BE if my entry in profit condition.
Majority have been eager to buy and buy and buy, yet on the daily we can see a hard rejection off 1830.00 This shows us the amount of buy stops accumulating at this level , notice price triggered and dropped = heading toward majority of SL placements ( below 1810.00 ) *We need moves like this to switch the consensus of retail to take the opposite sides of...
I usually use the AUD strength as a directional bias for Gold. I am anticipating price to be in replica on XAUUSD too. I am waiting for a rejection in the golden area of the Fibonacci. When all confluences line up, take short entries and target the -61 extension. Depending on price momentum, I may target the 1750 key area for Take Profit. *Disclaimer* This is not...
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
The chart shows how I've traded gold the last two days. New long trade has just alerted. Entry details are shown on the chart. We are working the 15M time frame on this trade. We're only looking for the green line which is take profit target. Trade history can be seen below this trade idea too for full transparency. As you will see from the chart, two long...
GOLD is creating a flat correction and it seems like it has broke it's down channel. In the lower time timeframe GOLD is going up by creating higher highs and lows. unless this market structure is broken i believe it can go to the base area 1820 where it may react to the downside.
Hi everyone! Our call on gold last week is playing out nicely. For this week, we maintain a bullish bias on Gold, with prices holding above a key weekly and daily support area at 1763.14 - 1768.80, which lines up with the 78.6% and -27.2% retracement. A pullback to test this support zone presents an opportunity to play the bounce. Keeping in mind the views on the...
Good day guys! Another update, I informed you all a day ago that I was still holding this trade. This trade has managed to return some serious profits. With the fed saying it is going to have at least rate hikes by 2023, this is bearish for gold and bullish for stocks. The problem is the fed cannot raise interest rates, because the bottom will drop out. As soon as...
We are witnessing a breakout of the downtrend channel that has been forming for a year now. The setup looks similar to the one that occurred from March 2008 to December 2008
i believe gold will hit 1908 looking BULLISH!!!, waiting for a clear retest and a strong signal to the UPSIDE!
Gold prices are sitting on key support area and 61.8% retracement and could see a further upside here. Relevant Key Levels Resistance: 1787.00 Support: 1728.00 - 1733.00, 1708.00
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
In this idea I am expecting gold to push above the 1788 and carry on up tp retest the 1800 and further buys above this key psychological level in order to go and test the over all resistance found at 1815.we are very bullish on all time frames and we had a large liquidity grab that pushed price up.