GOLD-BUY
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
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
GOLD Zones watch for trade GOLD is rangebound for now watch zones for trades. chances are high that the market reacts to them always watch these zones (even market breaks them or restest or reversal will happen also add confluence for trade). for now, keep watching these zones. AND HAPPY NEW YEAR 2021 :)
Gold Buy Idea After Trend Line BreakoutH4 - Price has broken above the downtrend line.
Currently, it looks like a pullback is happening.
Bullish hidden divergence.
Expecting further continuation higher until the strong support zone holds.
XAUUSD - Don't Miss This OppertunityShort Term/ Mid Term Trade - Gold has respected the 1801 support zone last week, which eventually broke on Friday afternoon.
I would like to see Gold retrace to 1801.90, before following the downward trend. As i've mentioned already, Gold respected the Support Zone on multiple occasions throughout last week.
However, we have seen a lot of volatility recently in Gold as investors are taking their money out of Gold and investing elsewhere. Gold has been used as a 'safe haven' for Investors, whist COVID has caused uncertainty in Stocks and Shares. Although, the vaccine has now put confidence in Investors to start taking their money and re-investing in stocks. This is why we're seeing large sell-offs.
I will be trading XAUUSD cautiously in the coming weeks, as I still believe we will see a further spike, favoring the Bears.
Remember to LIKE, COMMENT and FOLLOW for more trade ideas!
@newgenforex on all social media platforms :-)
XAUUSD / H&S IdeaThis looks like a inverse head and shoulder pattern, we could see more upside to 1907 (our target) which was measured from the distance between the shoulders or ' channel ' before the price broke down to form the head.
Two possible entries:
1. 1885
2. 1896
Set your own stoplosses. Use your own risk management. However, I'd like you to kindly note:
You can enter a little later on the top position, making sure it is a clear break before you enter to give you a little more confidence. You don't need to ' RUSH ' into your positions.
Be safe.
I will make a comment later on in this idea