No false-break upwards here in Gold-It's moving up fast
Updated
https://www.tradingview.com/x/mTFl2vW5/
Gold and Silver had a healthy downwards correction from what I understand.
A few nervous Gold-holders after Donald Trump's re-election.
But there is much more to the story for gold prices to go higher.
I see the intraday charts looking bullish for silver and gold today, as momentum is shifting back to the upside.
Wait and see what the Economic News tells us before rushing to go Long
Economic data just released was probably more in favour of the USD, but I note it was a mixed-bag release and in some ways favouring Gold price. Gold price has shrugged off the data it seems.
Gold and Silver had a healthy downwards correction from what I understand.
A few nervous Gold-holders after Donald Trump's re-election.
But there is much more to the story for gold prices to go higher.
I see the intraday charts looking bullish for silver and gold today, as momentum is shifting back to the upside.
Wait and see what the Economic News tells us before rushing to go Long
Economic data just released was probably more in favour of the USD, but I note it was a mixed-bag release and in some ways favouring Gold price. Gold price has shrugged off the data it seems.
Trade active
Buy Gold at current up to 2688
SL:2677
Note
There is a pullback in price currently on the 15m & 30m timeframes.
Following this retrace, it looks to me to be moving further upwards in price.
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Gold price has slowed and retraced whilst in a double top formation on lower time frames.
I expect the gold price to break above this formation very soon and extend its move higher.
After a recent view of the 4hr and daily, I think the gold price will continue its climb during Friday (tomorrow). Cheers.
Note
Intraday higher risk trade with huge RR potential.
Gold price recently broke 2700 but slipped back to 2699.
Charts are indicative of higher prices.
BUY the psychological round number 2700 or 2699+ is 0kay.
SL: 2694.95
Note
SL 2693.48 is betterNote
Looks like a retracement buy in gold price around 2704.Note
Note
Stochastic's on very low time frame exploded upwards before price. It preceded price. In any case I knew price would go higher after i saw this.
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Top Up BUY ORDER XAUUSD
Buy the next break above price 2695.95
SL: 2681.95
TP:Standby
Note
Stochastics on lower timeframes finally making a sustained cross of 20 level.
This should take price higher from here as everything now seems to be factored in for a higher gold price.
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