Hi, Last week gold has been traded in a tight range between 1250 and 1262 and it closes at 1251.3 (FXCM's feed is the only one which has a closed at 50). In a range, buy the bottom and sell the top. So I will looking to add more long position above 1250$ on Gold with a SL at 1244. Already long at 1246$ (see related ideas below), i will target 1271/72 for early...
All in the chart and related ideas below. TP1 1252 TP2 1240 Below i'll follow this idea
Hi, This is my first post with a trading plan for an intraday setup. Gold, since few days, is ranging between 62 and 50. So i build this setup from this postulate. In range, sell top of range, buy the bottom. So, i'm expecting a test of 1250 again to complete a bullish shark. Buy to target 1256, the middle of the range (resistance), where gold could complete a...
Hi, Already long at 1251$. If .618 retracement fails (1250), there's a likely gartley bullish on 1246$ Target 1270$.
HI, Last FOMC release with a "no change" about interest rate has surprised nobody. Market had already priced in and expected news don't change the trend. That's said, DXY is still in a wide range between about 93 and 100 since February 2015 with a monthly support at 94.7. As long as we are in this range, a good option is to buy the low and sell the high of this...
Just a thought for silver. All is in the chart ;)
Hi, The weekly 31 SMA was a great support during the last bull rally of gold. This SMA has turned bearish in 2013 and since early 2016, it became bullish. Imo, this SMA could be tested in the next couple of hours. This SMA stands at 1275$ for this week. Gold should be under pressure until NFP (September, 2) and 1275$ is "only" 30$ from its current...
Short since 1370$, i'm waiting that gold tests the 1270$ area, level where gold standed before brexit. There's a nice 121 bullish setup and a confluence with 0.618 extension of the last bullish wave (BC on the chart)
Hi, After a bullish setup for this week if 1310$ holds (see related ideas below), this one has a bearish tone with a likely AB=CD pattern on 1280$ area. Short open at 1316$ SL 1325$
Hi, There is nice confluence of trendlines / channel /Previous structure / fibo retracement and Harmonic pattern for Silver on 17.7 / 17.9$ area. Expecting a spike on this level before end of week.
If price hold 1310/1315$. Likely Butterfly at 1363$. Buy above the previous broken channel.
Only rising and falling cloned channels with interest price when crossing. No harmonic, no indicators, only channels.
Patterns projection for Silver - Daily TimeFrame Gartley bearish : Short Order at 20.5 SL 21.2$ Target Bat Bullish at 16.4$
Hi, After a bad week for my own trading (3 looses / 1 stopped at BE / 1 winning trade) on XAUUSD, i'm still convinced that gold could reach 1355/60$ again before starting its new bearish trend. If i'm wrong, i'll looking for a pullback on the previous channel on 1265/75$ area, representing a drop of $ 100 from the July high (zoom out to see the channel) Good luck...
See Chart for likely patterns. Bullish gartley in progress targeting a bearish shark at 1348$. Retracement to 50% for 5-0 bullish and previous S/R level at 1330/31$ Last leg Up to 1363/67$ for Short. I will "play" the first step of this setup (gartley) as long as gold don't close below 1315$.