Gold-trend
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 24 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
GOLD 1D (Uptrend)the direction of gold now is upward, now will try to reach 1959 then retract to 1940 then again will continue their upward till the target on the chart respectively -
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General direction is upward
Above 1942 to reach 1959 and 1970 & 1988 then 2000
SO now will try to get 1959 then will retract till 1940 then again will take upward
GOLD 4H (will look to up)the situation between Russia and Ukraine still now is not good so depend on that i think again will try to get upward,
will reach about 1914
then will try to get upward
by the condition shouldn't break 1910 to down
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by the way if break under 1910 and can stable under it will be downtrend zone
Gold Position LONGMy style of trade management is as follow : i divide my volume based on my margin to 3 but they are not equal. i assign a factor to my position indicating the score it has had based on my strategy and then i do the division. its a bit complicated but it works. when i enter a trade if it doesnt go my way on onset i cancel it without hesitation and lose a small amount of my margin.
when it goes my way at first station i make my positions risk-fre by closing one of the three and the rest is evident.
about the positions i have to say my stop-loss when i do trading is different from what i show here.
[XAUUSD Short] 20 July, 2021 - Roger V Trading Ideas20/07/2021
XAUUSD
Entry Resistance level idea:
In between: 1905 - 1909
TP Support level ideas:
TP1: 1875
Ideally, stop at TP2
TP2: 1824
Looking for more opportunities, and further risk - continues to TP3
TP3 (Ideal): 1778
The critical Support level at 1684 - if break potentially further to 1583 Support
Critical Spot: 1684
Everything stops near here
TP4: 1583
Final SL for all Short positions:
1922 Resistance Level
Comment:
Gold XAUUSD Roger V Trading Idea analysed on 20 July 2021.
The main resistance level will be in the range of 1905 to 1909 to test out its all-time consolidation high in 2021.
If the momentum reaches near the expected resistance of 1905 to 1909 and did not show any signal of weakening in the combination of H1 and H4. This trading idea will immediately be ceased and do not continue.
To clarify the wording above, the word "near" taking the price above 1905 to 1909, 1902, and 1912 can be considered as "near" depending on the market situation with the momentum at the time.
If the market was positive to follow the trading idea trend as analysed. Roger V will consider placing a short position as planned when the H1 and H4 signal occurs for a short position and having the final SL to SL once it goes above or near 1922 as mentioned. Hence, 1922 can be in the range between 1918- 1925. This will depend on the market situation at the time to determine if SL or possible of fake breakout.
The first target TP will be aiming at the price near the 1875 support level, followed by 1824 (TP2).
If the market were to perform further with its bearish trend. A price further down to 1778 can be considered.
At that time, gold will be in a one-sided direction for a few months already. A lot of trading groups will all be chasing a bearish trend on gold. However, please do keep in mind if it continues to fall at the time, 1684 will be a critical support level of a breakout for a further fall for gold.
If gold were to get supported at the support level of 1684 and did not break. The bearish trend may change.
If gold were not to get supported at the support level of 1684 and did breakout. A further fall of gold may go to a possibly near the price of 1583.
If the market were to actually happen to this critical scenario, at the time any price that goes below 1650, Roger V will stop any trades, and not have any positions anymore for gold until the next long-term analyse scheduled in the group.
Time frame: The analyse on gold for this may possibly continue until June 2022. However, this may depend on the situation and will update further in the group if any variations.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.