for almost two weeks we have been on a bearish trend with gold with the low from last Friday at 1195. ever since then we have been making higher lows as well as lower highs but it looks to be setting up for a bullish reversal and break out which will occur today. this doesn't mean it can't go bearish which it could still continue but I'm looking for a break above...
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Guys.... As with every $20 rise in price, gold bugs start to throw our the 50k figure... simply not going to happen. Also to add clarity, gold is not a hedge against inflation, rather a hedge against governments. The last idea I posted (see attached), showed this run to the 1250 area before continuing the decline, now it's important to understand that February...
Follow up: Baby bull is not gone, it is accumulating. Recalculations show upside sentiment. It usually comes unexpected. Since central banks and big players follow me on Tradingview, we drive this up together. They follow smart ones. We are long from white zone ( on chart ) Red zone represent a bullish problem zone - intraday, but since gold should met 1247...
Similar post: We have the same going on again. Pip difference between dollar resistance and gold support is widening. That means bullish accumulation on gold. Let it gain momentum for now. P.S this trade will be done without SL and I let it run me in draw down if it wants to.
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Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Two potential Short Entry. It depends on PA at key level. My favourite always in the top sell zone. If this pair unable to breakout the top zone, it will be good bearish move. Cut your open position if price re-act against this setup. But I believe this setup normally 80% success rate. We will see.. T.A.Y.O.R @scandicfx
I hold a point:Good charts does not more words to explain! Good luck!
Our previous analysis was long gold but as mentioned earlier we were waiting for a short movement and we will be holding this trade and open more positions for the next few trading days including next week targeting down to 1180 areas and below
Personal setup on XAUUSD I have been long since the break of the median line in the daily channel around 1205 area. I will be holding for now targeting the 1250 levels if we see a break I will open another position targeting at least 1280. Stop loss is already in profit so will let this trade playout over the week. I would not advice any new entries right now....
Received a lot of messages from followers that liked the tactics and fast recovery from bad situation with proper analysis and plan making on time. This Idea: But remember that there are millions of situations. This time it was easier because of current market conditions. Next time it may not be that easy because there can be more difficult market conditions...
Although I am in sell position: There is a long signal generated based on BL4 transitions that gould should reach 1236.2 ( is target ) And breakout higher than that to generate new transition signal. If gold reach 1236.2 and don't break it by 1$ then that would look bearish to me. If gold reach 1236.2 and breakout higher then gold should keep moving up. We can...