Gold - Long Pre US Inflation DataGold has consolidated above support at $1820 and we expect the precious metal to continue it's upward momentum due to fears over rising inflation. Additionally, a much lower than expected payroll number last Friday further fueled Gold prices as we await US inflation data later today for any significant price action.
Gold-trading
GOLD (XAU/USD) – Week 19 – Targeting the trendline.In our previous outlook, we correctly forecasted that Gold will continue to rise.
For this week, we are expecting a corrective price drop towards the “small block” that could be the trigger for further bullish momentum. The price is expected to rise towards the Daily Trendline highlighted on our chart.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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🏛GOLD WILL GO UP FROM SUPPORT LONG🚀
🏛GOLD broke a strong resistance level
As well as dismissed the falling resistance line
And is now retesting the key level to gain strength
For the further move up to the local highs
Wait till the support is reached and buy
LONG↘️
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Gold short trade.Good morning traders in this idea i am waiting for the support to break at 1726 in order to start looking for selling positions in order to go retest the support structure found on the higher timeframes. found at 1720 which will give this trade a possible 60 pips. (six dollar differenced on Xauusd.)
In this idea I am using these as confirmations.
breaks of support, retests, resistance created, candle closure and so on.
Gold resell intraday setup QMLUsing previous sell idea, which got stopped out for a meagre 20 pips, i realized that we have a structural higher high to the left, which is a QM setup. This makes sense that CT45LP gave a signal and yet price spiked higher. I am selling on a basis of QM, together with my CT45LP indicator as confluence. SL is above the QM head high.
3/2 GOLD ANALYSISWhat's poppin trading family,
An updated analysis video on the current state of XAU/USD aka Gold.
Drop your thoughts in the comments below and let me know what y'all think about Gold, and if there is anything you want to see in the next video don't hesitate to let me know, ALL FEEDBACK AND CRITICISM IS APPRECIATED!
As usual, take profits and take it EZ -- I'll catch y'all next week.
- Ray
Trading can be lonely... What do you think...???Although not exactly education - I thought it would be different to ask rather than just post.
As a trader of 21 years, I have gone through various ups and downs. Emotions, stress, pain and success. I thought it would be interesting to ask the question, it doesn't matter if you have traded 40 years, started due to Covid or been learning.
The only competition in trading is with yourself! (and of course your emotions)
With global lockdowns, it's possible trading has been even more singular than usual. So I am asking if you want to share your stories, what you like & dislike about trading. Strategies, mentors, tips you might have learned. Even why and when you started!
Why do you trade? What do you want from trading? are you getting it? what's missing? what's working?
Hope you are all having a good weekend!
Post comments/stories below.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
GOLD (XAU/USD) – Week 7 - November lows Incoming pt. 6In our last week forecast, the Gold price moved in the way we predicted and increased correctively with $55 before the bears started to dominate the market in the end of the week.
For this week we expect the price to get into a deeper sideways move before continuing its way to our $1760 target. We recommend you to be patient and look for your sell setups without over-leveraging your positions.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
XAUUSD (GOLD) - Week 5Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.