XAU to 1900 top
Hello traders & analysts:
the ceiling target is 1900 - 1920* - 1920 is the full retracement back in 2011 the all time high for XAU
We have already surpassed our 0.705 level. If looking at entries, await a pullback by using the Fibonacci level on the daily, 4 hour to align your levels. This will give key areas to buy from.
during the channel or accumulation range - [grey box]. Refer to this as the trading range - notice how the range shows indecisiveness on the daily timeframe very easily giving no clear direction. However within the range it is possible to get a great opportunity to find a 'low' buying price or get a strong 'sell position'.
Now we have an impulsive swing -
fear is causing this due to COVID 19 - first or second wave
stimulus package - free money printing creating an infinite supply of debt
Pairs to watch for correlation
DXY
GBP JPY
USD JPY
Do your own research before entering - Gold moves different to many other pairs.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
the ceiling target is 1900 - 1920* - 1920 is the full retracement back in 2011 the all time high for XAU
We have already surpassed our 0.705 level. If looking at entries, await a pullback by using the Fibonacci level on the daily, 4 hour to align your levels. This will give key areas to buy from.
during the channel or accumulation range - [grey box]. Refer to this as the trading range - notice how the range shows indecisiveness on the daily timeframe very easily giving no clear direction. However within the range it is possible to get a great opportunity to find a 'low' buying price or get a strong 'sell position'.
Now we have an impulsive swing -
fear is causing this due to COVID 19 - first or second wave
stimulus package - free money printing creating an infinite supply of debt
Pairs to watch for correlation
DXY
GBP JPY
USD JPY
Do your own research before entering - Gold moves different to many other pairs.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
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