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GOLD-BUY

XAUUSD ready for next impulseHi guys, Here we have Gold finishing a falling wedge after trying to break the formation twice, one time to the down-side and another to the up-side. On both situations it ended up falling back inside the pattern. At the time of writing price is at 1855, level that served as support for price several times before. Now testing it as resistance. Now, if buyers doesn't show up i believe we could see another drop to the latest lower point, around 1775 and it would be probably a great place to buy since my overall opinion about gold is that its going up. If buyers do show up and we end up seeing a nice break and re-test we could enter a position aiming 1960 as first target and the last higher high of 2060. What do you think? Leave a comment! Hope you had a great start of the week and thanks for reading this far! Please, dont forget to like as sign of support for my work!
FX:XAUUSDLong
by rodriguesths
Time to Buy GOLD?Although most currency analysts expect a broad dollar decline during 2021, the short-term outlook for the greenback appears to be leaning to the upside, with recent price action suggesting a support base could be forming. Further supporting the idea of an oversold U.S. Dollar is government trading data. According to data released on Friday by the Commodity Futures Trading Commission (CFTC) for the week to January 19, the next speculative short position on the dollar grew to its largest in ten years. This opens the door to a potentially bullish short-covering rally up to the trend line.
OANDA:XAUUSDLong
by Orion-Markets
Gold Bullish Idea | 25 Jan to 29 Jan | XAUUSD LongOANDA:XAUUSD Description: Based on the above analysis, gold is looking bullish on the daily chart. So I'll be looking for long positions. Trade Open Strategy: By daily chart analysis we come to the idea of going long for the next week ahead, So we will be waiting for candlestick signal on 15m chart or 1h chart. Some of the candlestick signals to look for (in 15m or 1h Chart): Single: Hammer or Inverted Hammer Double: Bullish Engulfing Bullish Inside Bar Tweezer Bottoms Triple: Morning Star Three White Soldiers Three Inside Up Message Of the Day: Chart Analysis to filter direction + Candlestick Signal to spot entry point = Power
OANDA:XAUUSDLong
by m_vahhaaj
GOLD TARGET TO REACH 1200 PIPS SETUP QM BUY VHRTFX Forex Rules 1.0 Trade Process First Phase Find supply and demand in daily/h4 draw a line or box Find pattern(quasimodo/HNS/KING/Engulf) in h1/m15 HIGHER BETTER, snr in area snd of (1) The setup sl must below 5% from capital / Ratio 1:2 above (DEPENDS ON TIMEFRAME AND CHANGE LOT SIZE WHEN SL IS BIGGER) Plot everything on the chart and mark the setup Entry and forget (Stop loss and Take Profit is compulsory) Second Phase Almost hit tp set be Do house work or Backtest ss or go productive Third Phase Hit Sl and lost 5% from capital stop trade for the rest of the day Hit tp and reach target also stop trade for the rest of the day Extra Profit withdraw or transfer to account wallet 2.0 Type of Account Money Management 2.1 Account Control Money Management ( CMM ) Risk 1-3% recommended for 2% from capital per day trade Leverage 1:15 or below so we not using over lot size Target 5% to 30% per month and withdraw the amount that exceed 30% profit When current day have lost reach 3% or 2% Stop Trading for the rest of the day 2.2 Account Full Margin ( FM ) Only trade 1 pair Leverage set the highest your broker can give prefer 1:2000 Never use stop loss Preferable using extra profit capital only!!! Gold , Silver , GBPUSD , GBPJPY Setup Quasimodo, Kink King
TVC:GOLDLong
by UnknownUnicorn11356665