A couple of idea for Gold on the HOUR timeframe.
Buy and sell zones indicated by green and red boxes. TP’s by green and red lines.
Use appropriate stop loss and risk management.
Happy Trading :)
Following my last long term set up, I bring you my analysis on BTCUSD. Price is already heading in our suspected direction. I am waiting for price to reach the upward trend line before entering a long position.
I have found the flag pattern you can see here to be one of the most reliable patterns I have used. Therefore, I expect USDMXN Bulls to stay in control for the remainder of the first quarter.
1.55 R/R Ratio.
Potential Gain - 1440+ pipsj
Potential Loss - 930+ pips
Happy Trading :)
Another simple analysis of XAUUSD suggests bulls are in control of this market.
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Price has broken structure and retested as support, which may be followed by continuation to the 1572 zone. Possible TP2 of 1578.
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Check out my previous analyses on Gold
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Happy Trading :)
Our analysis shows price has broken above the trendline and pulled back to RETEST. Furthermore, we may see price continue bullish to around 1.71596. Possible TP2 of around 1.72.
As per all of my trades, I ALWAYS wait for the RETEST before entering. Both GBP and NZD are strong as of the time of posting, so I will keep my eye on this and provide updates ASAP.
Daily and 4H analysis on XAUUSD suggests bulls are still in control of the market. Once price breaks and retests the 1512 zone, we may see price continue up to our daily resistance zone 1549. Potential 350+ pip trade with a R/R of 3.
