Buygold
XAUUSD BUY ENTRYHello Traders! Hope yo made mone from the drop of Gold. Hit the Like Button for support and follow to stay connected.
This is a Buy trade for Gold. Gold is at the key area if it failed to break below it will move up to 2037. we will Buy the Gold at the breakout of previous resistance.
Previous analysis
XAUUSD, Buy limit A potential Buy, Buy Limit and Wait Buy limit for a potential Buy on Gold , The price is heading to an important zone , so waiting for any reversal pattern and confirmation than go long .
PLEASE, if you like my signals and want more like and follow , Have good trades mates.
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It is no surprise that people are buying goldCrispin Odey, one of Europe's most prominent hedge fund managers, has said governments might ban private ownership of gold if inflation runs out of control after the Covid-19 crisis.
Odey wrote:
“It is no surprise that people are buying gold.
But the authorities may attempt at some point to de-monetise gold,
making it illegal to own as a private individual.
They will only do this if they feel the need to create a stable unit of account for world trade.”
Technically gold 1764. We expect a new hold in the levels 1730-1770, followed by a new breakthrough and reaching the next resistance of 1800.
A breakthrough at these levels allows for an increase by 1839.
We will monitor the development and inform you!
Are you buying gold?
Gold is the best TO SHORTHere is the medium term/short term nut not long term but something term forecast for gold. Look for demand at the green dotted lines. My eyes really couldnt stop looking at the yolo target at 2.618- so I market it. Lets get at her boys. And ladies lets get at him!
******This is not Financial Advice******
Focus buy on GOLD!Focus on buying GOLD, waiting for a break above for confirmation.
Reason:
1. Double bottom indicates changing the trend to an uptrend, combine with bigger time frame its still an uptrend.
2. XAUUSD just finish an ascending triangle which strengthens the buyers.
3. The price did not break the third orange trendline below and keep continue bullish.
If you Agree, hit the like button to share with others how to set up a trade. FX:XAUUSD
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget
Psychology:
1. Not all setup is valid, its fact, the market always changing its direction, the important is we have reason and we have analysed it.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!