Long

Updated

Coming into a buy zone for gold 1hr and daily. Vix down

https://www.tradingview.com/x/UR9JIkfA/
More to follow, the VIX has settled and the gold price has just cooled off a little coming soon into a buy on the 1hr and daily charts. Should take the earlier high of 2630ish.

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if you wanna play it carefully buy the break above 2631.06. Or buy now with a stop loss at your discretion.

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1st resistance 2631.80

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2646 would be 0.55% above current price and a bigger resistance, good TP 2646. Or sell half or sell at your discretion.

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I'd say still okay to buy this on a slight pullback. TP about 2646 or offload at least some.
2hr chart lazybears volume bars BUY is blue and green. See the increase in volume on last blue bar.

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Green bar it was even better

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waitout on buying double tops on 2hr and 4hr to get past

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The market structure for Gold is currently bullish from the 5minute timeframe all the way intraday charts right up to the Daily. So just a bit of consolidation after the big run we had but im quietly confident price should break to the upside soon.

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good time i think to top up. heading up i think.

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So, we already had a reversion in price, a big pullback, this is a chance to buy at the Fib levels if it pulls back a bit more.

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2632 to 2631 would be the buy area.

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2648 was going to be the TP. Last NY session Boxing day my entry price at around 2625 rally'd strongly to 2640 and then2630 corrected in a big pullback and price moving freely but slowly upwards.

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CHILLTRAX is the station.

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Gold price is starting to find some Long momentum.
Hope to take the profit sill up around 2648. Might not get there but then again the price action might be explosive today.

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Chart on the left of screen is 1hr and blue 50ema and white 200ema almost connecing here. That is avery bullish sign hint hint.

Trade closed manually

Gold rallyd to 2638 boxing day and big resistance at that level. Then further down the gold price was overcome by shorters

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