Long gold @ 1288
gold have reached the lowest point of 1286.3 in last 5 hours and is on a 5 mins uptrend.
a quickie long @ at tp of 1292 which is a 61.8 retracement levels of previous high @ 1294
the risk reward ratio is also slightly better than 1.2
stop loss: 15.4
Dear all previous metals bulls,
Lets all make a guess, is gold reaching 1300 first or silver hitting 16 ? my odds are on gold of cuz, nevertheless , for those who wanna slowplay previous metals, you can try bulling silver as an alternative to gold.
As both metals has a very high correlation...
Dear gold bulls,
Happy 2019 to all of you , nevertheless 2019 begin with a huge whammy, a 600 pips flash crash on the audjpy less than 24 hours ago haha
I expect gold bulls to keep piling the pressure to 1299.50
Entry : long xauusd at 1290
time frame : minor swing trade
the reason I put the stop loss at 1278.5 is to avoid the...
long gold at 1275,
SL @ 1270
TP @ 1278
time frame : scalp , day trade
Looking at the longer timeframe, gold has been supported by an upwards rising channel since end of nov . this can be easily detected by the looking at the 4 hour timeframe
zooming closer to shorter timeframe such as 5 min or 15 min. you will see a very clear rising slope with a clear ABCD...