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Goldbuy

Gold to Breakout SoonI think we could see a big breakout on Gold soon. It has been consolidating very close to the trendline in the past few weeks. It did have a fake breakout in the early part of January but is now settled back below the trend. From the high in August it has already retraced to 0.5 Fibonacci before rising and now sitting on 0.382 Fib. I think it will breakout and test the 1960 level in the next few weeks. I am looking at this as a very long term trade personally, I have a target of 2325. But for short term trades a target of 1960 from here would be good.
OANDA:XAUUSDLong
by olly48
GOLD POTENTIAL PLAY Gold Gold Gold, such a wonderful market to trade, such a beast to master. Whats up guys, i never show ideas for gold, but i think its about time i start posting more on here so this is the first step I suppose. Lets hop into it; as we can see, gold is in somewhat of a consolidation zone marked in purple, and this is telling us either price is preparing for a shoot upwards, or a shoot downwards. It really depends on the close of the next hourly candle in my opinion. So using price action, we will have 2 scenarios: Price closes bullish and continues upwards (this can be a doji as well, as long as the candle is a bull candle). In this instance, we would move to the smaller timeframes and search for a potential entry for a buy and ride the wave to the green I have marked up for a nice little scalp on the day. Scenario 2: Price closes BEARISH (Engulfs the last bull candle, and stays under the 2 ema's I have marked on my chart). In this instance, we would be searching for short positions and place our stop loss just above the upper level of this little consolidation zone and rice the wave to the lower wick marked by the support line I have on bottom Which ever may be the case, we must be patient in our approach and resist the urge to hop in the market early just because we might thin we know where price will go. Just wait, and trade WITH the market. Not ahead, and not behind; WITH the market. Trade safe, Trade smart, Trade Precise, we got this
OANDA:XAUUSD
by fastboiijd
Gold Getting Prepared to Reach the 1890.95 Level 🚀🚀🚀💡 Trade Idea 📈 Buy Limit XAU/USD @ 1862.41 🎯 Target Profit 1890.95 🛑 Stop Loss 1848.13 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price was in a clear downtrend until it reached the daily support @ 1822.90 by posting a double bottom which might lead to a reversal. A lower correction might be seen to the neckline before the price move upwards to the 1890.95 mark. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
OANDA:XAUUSDLong
by CollegeofPips
6
GOLD: Possible Reverse H&SHello to all, Gold began new year with a hard fall. But this move seems in a an ascending trend yet. The last bottom is our key level for look after gold bearish or bullish. At the same time i see possible a reverse H&S structure on daily chart. If this structure work, next move will be a bullish wave to 2160 levels. Our support levels are 1836 / 1808 for Rev-H&S structure and 1763 for stay in bullish trend. If you find it useful, please support this idea with LIKE and feel free to ask all your questions as a COMMENT.
OANDA:XAUUSDLong
by FXLoungeIN
2
XAU/USD $2000+ Bull TargetVisualize with me, a bearish scenario and gold falling dumping... not possible, at least for me, you can't trade against the market manipulation. Liquidity is the target and price action is a thirsty devil. Price action will shred anything in its way between this liquidity All we need to do as (bulls) is simply buy, most importantly buying at the correct time. When would that be? When price is falling. Depending on your ideology of the market find your own entry to buy at the lowest point possible remember, at the end we think like investors in the forex markets . Christmas for me came early, still holding 50% position from 1834.00 Trade like the devil, flow like the devil.
OANDA:XAUUSDLong
by FlyDownX
1