We broke the big trend line and had a nice rally heading down, after that we had a retracement to 0.618 of the breakout. am expecting this to be the end of the correction, we shall continue down with the trend.
ON THE DAILY CHART PRICE IS MAKING ITS FINAL PUSH BEFORE A BREAKOUT FROM THE BEAR FLAG PATTERN. PRICE WILL MAKE ONE MORE FINAL DESCENT TO THE MAJOR SUPPORT TREND LINE. WAIT FOR THE BREAKOUT OF THE FIB AT THE 1355.02 LEVEL. STOP LOSS IS 1338 LEVEL. THERE IS NOT PROFIT TARGET ON THIS ONE. JUST FOLLOW THE TREND.
ON THE CHART PRICE RETESTS THE 1308 ((0.618) Fib level. PUT A BUY STOP AT THE 1310 LEVEL AS SOON AS PRICE IS READY TO 'TAKE OFF''. STOP LOSS JUST BELOW THE MAJOR RESISTANCE TREND LINE. LIMIT SHOULD BE THE 1348 LEVEL. STOCHASTIC/RSI IS GOING BELOW THE 20 LEVEL.
WITH ALL THE NEWS EVENTS TOMORROW GOLD IS READY FOR IT'S MASSIVE TRIP ON THE UPSIDE. CORRECTIVE STRUCTURE JUST ABOUT TO END AFTER A DOUBLE BOTTOM. EXPECT MASSIVE PROFITS TO BE TAKEN FROM THE 1316 LEVEL.
PREPARE FOR A BREAKOUT FROM THE TREND LINE. SELL AT 1320 LEVEL WITH A STOP LOSS JUST ABOVE 1322. PROFIT TARGET NO MORE THAN 500 PIPS. STOCHASTIC IS READY TO BEGIN ITS FALL.
This will end up giving good pips, risk-reward ratio is very good, so it's worth it
MAJOR RESISTANCE LEVEL AT LEVELS 1322-1319. BUY BEFORE 1322. STOP LOSS SHOULD BE BELOW 1318 LEVEL. PROFIT TARGET IS NEXT FIB LEVEL AT 1331.
Hello. I am Bear wjen it comes to Gold, but I found interesting situation here and it may repeat itself next week. Sometimes I am doing Average number calculation, what it means is that you take and count together Highs, Lows and closes, and get Average H , L, C. H would be 1348.99 + 1323.88 + 1356.44 + 1389.99 + 1345.77 / 5 = ?? ( Mon - Fri ) The same is going on...
trading ideas 15/8/2016 keep it stupid and simple! watch your money management!
Earlier we were hoping for a short term short knowing that the general trend is bullish. We took 20 pips in the old trade and we have a new trade setup here. We have a minor channel embedded in a major channel, I have already bought at 1317 . I don't think its wise selling even if we do break to the downside but this scenario is quite unlikely. you can either buy...
Hey Guys, As we have predicted previously Gold XAUUSD trapped into our marked resistance & support zones and cudn't break any of it, so its bouncing back within the same region. Now in current scenario we have potential bat pattern formation which will gives us chance to go long and if XAUUSD comes upto 1320's we have trendline and resistance zone retest with...
Overview: The Gold markets rally during the course of the session on Tuesday to the level of $1370. At this point in time, we strongly believe that market is on its bull rally and ready to go higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4...
Note : Gold XAUUSD @ very strong support zone now but trend was bearish. So the faster it takes out resistance @1330's, XAUUSD (gold) will be bullish again. I dont expect 1300 support to break, incase that happens Gold will be @ 1250's soon. Thanks for your support...Happy Trading !
we have a minor and a major channel in daily. if we break the minor channel ( break the red line ) heading upwards, we can buy till we head to the top of the major channel and watch for price action there, we will either break the major channel confirming medium term buy or we test the end of the channel one more time heading down. or we break the minor...
Overview: The Gold markets rally during the course of the session on Monday, but found enough support at the level of $1350 and take correction. At this point, market is continuously sustaining on higher level, it indicate market is ready to higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and market is sustaining...
Gold has a massive surge and uptrend right now, with record high physical gold purchases no wonder every trader wants a piece. Simple trade from me for any investment vehicle - Bet up