I'm opening a half of my trade position on this breakout @ 1840 and I will be placing a Buy limit order @ 1829.00 for the other half with a stoploss below 1803.00 and a takeprofit1 @ 1880.00 an TP2 @ 1933. the price action has broken out of an upper trendline and fractal resistance.
In this update we review the price action in Gold and identify the next high probability trading opportunity
Still waiting for an area to catch some upside on gold, but as I mentioned right now even though we look so strong there is no risk reward that is great enough to give a position yet.
Just a couple areas that ill be looking for buys from, so I want to see price break this minor resistance and push to 1800 before looking at entering long term buys. If price can make a break and retest similar to EURUSD it would confirm a nice entry area for those buy trades.
In this update we review the current price action in Gold and identify the next high probability trading opportunity
GOLD is now back at resistance area and looking like its going to make another push down so I will be waiting for the move down and looking for buy trades from around 1848 or second deeper pullback 1820
I haven't covered gold in a while but cant help but notice the possible upside potential from this metal (long term). There is a lot happening around the world and gold has always been there as the safe haven for big investors... over the past year price hasn't done much apart from move sideways and consolidate but does this mean something big is building? I hope...
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
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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
She's going down guys. We can see that DXY has hit the 0.5 level of the fib retracement and bounced off ( or In the process of doing so) and we can see that Gold has come to retest the support of my upward channel that it broke down from last week and that's all I need as far as confirmation to short the gold. But when DXY reaches the top of it's downward channel...