Fundamental: Gold is inversely correlated to USD. Weakness in USD data negatively impacting USD Dovish Statement from Fed Yellen Technical: Only buy if Gold stays in the upwards channel Look for BULLISH PIN BAR price action to trigger entry
It is so great when you don't have to write a description! thank you, TV.
" You know... " I am monitoring this on an intraday basis for a possible blocker levels. Be careful at the lower level, and if we get a breakout the trade can continue very well. If the break downwards happens, I will look for a place to add. Good Luck! TV video ideas feature is awesome.
Hi traders, Due to personal health problems, I'll keep this short. I still wanted to update you with some forex analysis for the support you all shown me. DAILY CHART = LONGER TERM TRADE XAUUSD LONG: ENTRY : 1288.75 SL : 1280.41 TP : 1323.75 Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
First of all thanks to TV for letting me be one of the beta testers for new Video idea Feature. Works Like a charm, and is considered to be a really great thing for TV authors, as they can describe more in-depth ideas they publish. I have opened a Sell position ( 5% ) and may consider adding more because eventually, this has more chance to drop than climb to...
Seems that this could be a small corrective move before more down. I have made an additional Sell entry. But break above 1284 is not bearish. Other than that watch the down move. Closest Target could be 1267 - Extended Target 1260 - 1257
Hi. It is worth to risk a sell below 1296 and aim 1270. Good Luck.
Hi traders! Here we have yet again... our dear friend.. GOLD! (XAUUSD) Since it ascension to 1900$/oz, gold has been retracing itself to no end. It broke it so important support of 1550$/oz and began it bearish trend. You can clearly see the MACD showing the death of the bulls. It even stayed flat the bottom for a long period of time. Somewhere, somehow.. in...
Tom Demark count gave a green 2 on the daily chart. This is a clear buy signal. We will have 7 more days of uptrend which can bring the price to 1348 or higher. Trading idea: Long at: 1293 Take profit: 1348 Stop loss: 1255
Tricky and Hard trading lately as I try to understand what will happen with that 1254. Normal buy opportunities fail quickly indicating that something is missing. Last sell opportunity didn't go as expected but later on in private trading room ( for Russians only ) we manage to sell at 1282 again once 1284 was broken back by 2 dollars. So at least now gaining back...
Plan 1 - Yellow arrow: Entry 1282 SL 1276 TP 1295 Plan 2 - Blue arrow: Entry 1271 SL 1265 TP 1295 Trade with care ;)
Sell was okay, Buy was okay, but this is not looking that easy! Although we broke 1282 - 1284, we have the first move up in the new month ( November ). Structure tells something too. I saw that clear rejection at 1287 from a monthly level + Structure, and I don't like it. Here is the deal! I closed buys and opened sell at 1283.59 I am willing to give away a...
What I personally want to see is a daily close above 1282. If I would get such close I would personally buy more. We have a multi-week range rover and it is very boring. The sell in the last idea was for hedging purposes because I cannot know what could happen, so if it would drop from 1272 I wouldn't be 34% down at lower levels and I would have a lot more cushion...
Gold price can jump from this level we can wait enter position when channel retest again....Check my other chart
I started to understand why Gold did not follow EU completely because it would need to break something that it apparently didn't want to break. So Like stated in the last post, I made an Entry in Gold at 1278.2 and EU at 1.16350. I don't know why I trade EU this time as well, maybe because why not as they both go like twins. Target's remain 1322 1355 so in EU...
So my last post regarding where we would catch support (roughly around $1,300) was incorrect. My main thought process behind us catching support at that level was because I believed $1,300 was a very psychological number. However, it appears that this is not true anymore as we've been over and back $1,300 so often the past 18 months that traders have become numb...