LuisMGoncalves

LuisMGoncalves

Just an idea

LuisMGoncalves

Until we break the trendline, we are still on an uptrend.

LuisMGoncalves

Lets see how she reacts when we reach the resistance level!

LuisMGoncalves

Just an idea for Gold. Merry Christmas everyone!

LuisMGoncalves

If you saw my forecast yesterday, you would have seen this great opportunity. I managed to quickly grab 3% out the market which under these conditions, is very good! Congrats to anyone else who took this position

LuisMGoncalves

As per my analysis yesterday, we’ve just had a triple tap of the trendline, it hits 78% on the Fibonacci tool and it left behind a nice wick. For me, this is a high probability trade.

LuisMGoncalves

I believe that we will be finding out whether Gold will go up or down very soon. I personally would like to see Gold go up towards the 1910 level, however I am very prepared to go short if the market decides to go that way. Keep your eyes peeled!

LuisMGoncalves

In times like this, we have to adapt to what the market gives us. If we can get a clean impulse and a pullback to this level, I will be happy to take this trade.

LuisMGoncalves

Gold has tapped into both support and resistance today during the UK session. Right now, we just have to be patient as the market ranges and lets us know which way it wants to go.

LuisMGoncalves

We’ve just seen a nice push to the upside followed by a wick. This could be the beginning of momentum being lost and more sellers jumping in the market. I believe that we could start creating a small ascending channel towards 1910 and then drop in the same manner we did back in November.

LuisMGoncalves

If the market wants to keep pushing Gold throughout the rest of the year then I will get involved in this position and ride the wave up. I’m expecting Gold to range during the Monday and Tuesday session before it decides on where it wants to go.

LuisMGoncalves

It’s also very possible for Gold to break through Resistance 1 during the remainder of this year and tap into that Key Level before dropping.

LuisMGoncalves

Gold doesn’t have to be complicated. I’m forecasting gold to range around Support 1 and Resistance 1 for the rest of December. January is always a big month for trading and we have to be prepared. Big swing trades are coming soon!

LuisMGoncalves

We could go either way, however, I have forecast entry points for whichever way the market wants to go.

LuisMGoncalves

Looking to scale into my trades at each zone

LuisMGoncalves

We had a perfect entry where both trend lines met. We’re now looking to scale into our position!

LuisMGoncalves

Waiting for an impulse in whichever way the market decides to go.

LuisMGoncalves

We could be seeing longs to the 1915 area if we continue this momentum.