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Trading Plan on XAUUSD, What are we waiting for before trading?Today we will take a look at the precious metal and the setup we are planning to take Based on the current scenario, we can see three consecutive structures, each bigger than the previous one. Based on previous scenarios this is a sign we will take of an imminent breakout on the consolidation that started in August 2020. So, what is the final pattern we want to see before setting pending orders? The answer is a double bottom on the minor structure. If that happens, we will develop setups towards the bullish target (check the callout on the chart, please) To better understand this, you can take a look at the pattern template. Our main approach while trading is ALWAYS defining what we will trade in advance. Assuming the double bottom happens, we will set pending orders on the entry-level and stop loss below the double bottom. The risk-reward ratio we have on a setup like this is above 3, which is excellent. Please, remember that successful trading is about not having rigid views, opinions, and preferences on the direction of the price. We think successful trading is about defining what we can define as the best situation in terms of risk-reward ratio and establish what we will trade in advance. If the situation doesn't happen, you don't trade; if the situation occurs and is a stop loss, you absorb a -1% or -2% in your account. If the scenario happens and goes as expected, you take a +3 or +6% in your account. TRADE LIKE A CASINO! Finally, the expected time for a resolution like this in case everything goes as expected is between 30 to 60 days. Thanks for reading, guys! Trade safe.
OANDA:XAUUSDLong
by ThinkingAntsOk
5
Vox Royalty trading higherVox Royalty has traded high again as the precious metals all find firmer footing post the FOMC meeting. In a recent interview, Vox said that they have exposure to 35 million ounces of gold and equivalents in the ground, which means they have the potential to reap revenues out of a pot as big as $63billion 🤯 Last week ended well for Vox Royalty Corp as they broke out of an accumulation range clearing resistance at the C$3.00 price level. Since the fateful date of June 16th which saw the US dollar rise and GDX collapse further, Vox’s stock has risen with dips to C$2.50 being bought up. This rising chart pattern of higher swing highs and higher swing lows bodes well for the company as the volume point of control for 2021 and VWAP are now offering a good base for support. For the longs who bought into the stock in January and March, they are being rewarded for their patience and they can take comfort that speculators who shorted the 2021 highs will now be covering, or risk being stopped out. These actions will likely accelerate, as investors welcome a return towards the initial offering price which could then lead to a test of the year's highs.
V
by TH_Analysis
2
GC One hour time frame long ideaThe GC one hour time frame is below the short term down trend line. It will be a good idea to wait for the market to enter above the short term down trend line before looking for buying ideas. Entry: Counter trend line break bullish in the buy zone. STOP: 1771.3 LIMIT: 1871.6 As long as the market stays in the buy zone. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities.
COMEX:GC1!Long
by JoshuaMartinez
2
GOLD Opti: Shoulder is probably done now preparing to form Head.Little bit revised. Fed's continue blur-dovish stance. Both Fed & ECB along with whales started spreading the inflation fears, so they're getting ready to buy gold and start the paused rally as Covid19 vaccinations have reached recommended levels in the EU and going fast enough in the US as well. they'll want to protect their filthy gains (from the multiplication of 1:1000 and free money received) from Consumer Inflation.
COMEX:GC1!
by Gentlem4n
1
our target 1830 done now gold target is 1850-1860 (next target) in coming days gold can go to green arrow and SMA200 15min (buylimit place with sl=8.00$) then start go up (see fibo 78% on chart) look at daily chart and AC accelator occilator (it instead go down,for 2nd time turn green,this mean + trend started) my workplace www.tradingview.com NEW COT DATA = open order by larg banks and fund money managers on gold futures prnt.sc STRONGLY ADVICE= GOLD,SILVER,OIL IS SUPER TRENDY ,DONT USE INDICATORS GIVE YOU REVERSE SIGNAL LIKE RSI OR BOLINGER BOND ,if you use indicator give you reverse signal,remove it now wish you win
FX:XAUUSDLong
by ramin_trader2006
3
Options flow as early call forecast in Intraday TradingOptions flow gives big edge on market, very often predicting moves before they happen on Futures instruments. By applying custom indicators reading Options flow data, it is possible to receive levels that can play important and leading role in Intraday Trading. When we add to this basic understanding of market mechanics, then we can have significant edge in trading. Still this is not Holy Grail, but though accurate strategy. All potential moves are explained and described on charts. Enjoy!
EUREX:FDAX1!
by skyline-trader
1
Options flow gives ideas for Intraday Trading - daily projectionOptions flow gives big edge on market, very often predicting moves before they happen on Futures instruments. By applying custom indicators reading Options flow data, it is possible to receive levels that can play important and leading role in Intraday Trading. When we add to this basic understanding of market mechanics, then we can have significant edge in trading. Still this is not Holy Grail, but though accurate strategy. All potential moves are explained and described on charts. Enjoy!
CME_MINI:NQ1!
by skyline-trader
Technical analysis update: XAUUSD (25th August 2021)Gold took some step back after its breakout above 1800 USD. It currently trades around 1792 USD. We think upper bound of downward moving channel should be closely observed in the following days as it currently acts as immediate support for gold. Plunge below this level could lead to short term weakness. Although, we expect 1750 USD (previous support/resistance) to hold in case of further selling pressure. Stochastic is bullish. RSI continues to change back and forth from neutral to bullish on daily timeframe. MACD has bullish direction and we expect it to perform crossover above 0 points. We expect this to be very bullish for gold. In the big picture we remain bullish on gold with medium term price target of 1850 USD and long term price target of 1875 USD. Though, our price target for next 12 months is much higher at 2100 USD. Prior developements from 10th August 2021: Here we noted that price of gold was attractive for long entry. We also announced that we believe gold is near end of its struggle to move higher. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
6
MARGIN DEBT - An ST PeakThe Peak for Intermediate Margin Debt peaked in July. After 15 months of elevation... It has declined 4.48% as Fear and Uncertainty have taken ahold... this appeared in the most recent release in Consumer Confidence, which Collapsed. Although the Gross Notional is nowhere near the highs as a percentage of Total Assets Value, as we have repeatedly indicated, the Trend is clear. It serves as further Confirmation of the Distribution Patterns we have Indicated for 47 Days. Technical Metrics clearly illustrate this among Larger Daily Divergences present within the Equity Complex. While BR/VG continue to accumulate an Outsized VX Position, the "Investor, HODL, MEME, Retail Trader, Speculator and well oiled Degenerate Gambler" Class continue to twaddle with even fewer outright purchases.... Instead, levering up with Options as Margin Debt continues to head South. The perfect setup is nearing completion. The exits are too narrow to prevent 95% of the above Casino participants from being harmed. We attempt to promote Sanity with respect to Trading and although a great many find it offensive and "Abusive" - it is not. To bad choices there are extreme consequences. It is your Capital, your choice, your decision. HK seeks opportunity, nothing more... clinging to Coat Tails of those in Control. Following Obeying Profiting To Win, there must be a Loss. We are taking a large SELL Position, the largest since August of 2020. A minimum of an 11% decline is the Lower Target.
FRED:BOGZ1FL663067003QShort
by HK_L61
GOLD FUTURES Holding on SupportThe GC daily time frame found support at a known level of U-turn around price point 1675.00. The market is showing signs of pushing bullish and creating a new bullish trend. It will be a good idea to wait for the market to break the short term down trend line and enter back into the buy zone before looking for buy trades. As of now, the one hour time frame is showing a downtrend. If I had to give a price to where we could say the buyers took back control. It would be above 1825.. But that is only because the markets had a large bearish push and there is no bull structure off the one hour time frame. In the coming days, we are expecting a bullish trend to form on the one hour time frame and we should be able to provide an update on when the buyers could take control.
COMEX:GC1!Long
by JoshuaMartinez
4