Gold is building for a measured move to $1187 on XAUUSD.
Gold "range expanded" out of the recent "mode" at 1135-1130, which triggered the first buy signal of a 10-day long potential rally to 1187. We are in DAY 3 here.
The pullback today provides another entry to the mid-point of the "range expansion day" highlighted in "bright blue". The target on this position is highlighted already.
The stop on the bigger trade to 1187 is a stop at 1129, from an entry at 1147.
Buy more on another range expansion rally (yes, buy on strength, up $14 on the day) and use a stop 'down on the day".
Target 1187 on that additional purchase also.
Best,
Tim
11:43PM EST October 7, 2015
Gold "range expanded" out of the recent "mode" at 1135-1130, which triggered the first buy signal of a 10-day long potential rally to 1187. We are in DAY 3 here.
The pullback today provides another entry to the mid-point of the "range expansion day" highlighted in "bright blue". The target on this position is highlighted already.
The stop on the bigger trade to 1187 is a stop at 1129, from an entry at 1147.
Buy more on another range expansion rally (yes, buy on strength, up $14 on the day) and use a stop 'down on the day".
Target 1187 on that additional purchase also.
Best,
Tim
11:43PM EST October 7, 2015
Trade closed: target reached
1187 reached
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.