XAUUSD: Nice base for a rally
Updated
I'm taking a small long position here and looking to add to it tomorrow.
The potential upside is quite good, with a target around the 1110.56 mark.
I'll update with my 2nd entry tomorrow.
Good luck if taking this trade.
Cheers,
Ivan Labrie.
The potential upside is quite good, with a target around the 1110.56 mark.
I'll update with my 2nd entry tomorrow.
Good luck if taking this trade.
Cheers,
Ivan Labrie.
Note
6 point move so far, looks good.Note
Slow day with neutral US GDP reads, but overall, we're headed up. If today closes above 1071.46 I will add to longs.Note
Uptrend confirmed, and interesting bullish news tonight.Note
Stop held, expecting a push up today.
Note
Stopped, watching for more developments.Note
Today was a nice move but didn't confirm an uptrend yet. I'll watch the next daily bar, might our entry cue.Note
Note
Gold, being the western world's enemy's asset, doesn't rally...Price action has been totally lackluster. Check Platinum out, it has a very strong uptrend. I gave my group a signal to go long at 866. It's also a nice one to trade as a pair with gold or silver.Note
Turned up to be a shakeout...I missed the long but I won't miss the short (nor the short term uptrend continuation trades)See updated idea:
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