GOLD Pre\Post Analysis | Closing w\ $648.00 USD Profit TodayI do believe gold is going to continue to buy. As much as I know traders are interested in selling at the high, I don't think it is that probable to take that trade and the more you think of every trade in terms of probability, it saves you from taking some really shit trades, honestly.
Would you take a bet that you are either A. unsure you can win or B. know you will lose? Of course not, so why is it you take trades like that?
Take smarter trades.
Goldlongs
GOLD is Bullish.....Doesn't matter what you think at the end of the day, gold is still very much a bullish market and it will likely stay like that for sometime.
Yes It will probably come down a bit, but based on how the momentum is increasing I actually see, gold speeding up in terms of buys, but who knows right?
Have a good weekend guys, see you on monday
XAUUSD Gold buy trade breakdownYesterdays buy that we were testing the method of ended up being a success. This is good, but it's only one case out of many more to come.
The overall theory of the trade was price breaking out of a range where there was strong support, tapping into a level that we had tapped before with anticipation that price would move back to the top of the range where our full Take Profit was.
We had a second buy limit set at a secondary level, so that should price have retraced far enough we could get a secondary position to exit both on the retest of the initial break of support which turned resistance.
XAUUSD Gold 1 hour breakdownWe are back into the range we were stuck in last thursday, based on this I would be cautious on taking any trades untill we get a rejection at the support or a close below the support so that price can continue down.
until we see price make a decisive move, I'd be wary of taking trades in this range as it can get messy.
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XAUUSD Gold buy ideaGold sells didn't materialise due to close of previous close of the candles, once we saw price didn't close below that level the orders were closed and we are no longer interested. I received a few messages asking what we can look for when it comes to buys, this is what I see.
Obviusly on a daily timeframe we are bullish, but we are also at ATHs or approaching them, so best to be cautious.
JNUG Gold Leveraged ETF in Cup and HandleAs shown on the chart. price action has formed a cup with the expectation
of a handle formation which would be a downward retracement of 50% of
the cup's height ( or about a 0.5 fib level retracement ) then expecting a
reversal to a target of 2X the cup's height from its base and the same as
a cup height above the cup's upper edge.
From an anticipated bounce off support to the first target is 20% with
additional targets at $ 41.74 and $44 for smaller portions of the greater
position. Multiple sources are projecting a gold and silver uptrend in anticipation
of an equities market downturn and further federal actions to fight inflation
and "bear" down on the equities market. G old bugs pay attention !
GOLD - Smiley Face for Bulls ?Gold seems to form a "smiley face pattern" (inverted head & shoulders pattern) on the chart. This is a classic bullish reversal pattern.
Though sentiments do not support bullishness due to fundamental news but we think gold price is mostly priced in for any monetary changes ahead.
There are two levels of support that gold needs to hold: 1740-1760 and 1680-1700.
Daily candle might form an inside day pattern. RSI seems to break small downtrend.
It is good to long gold at 1st support level: 1740/1760 with tight stop-loss. We can targets 1820/1840 on the upside.
A futher target at 1920 only resistance at 1835 is taken out. Under 1675 then this assumption is invalid.
XAUUSD Long/Buy ideaGood Morning, to keep it short and sweet, we are looking for buys on the break of the previous candle high.
I am taking a buy here in this scenario due to London open, HOWEVER, London Open is always a volatile and sometimes nonsensical time in terms of how the market will react. We need to play this carefully so don't risk too much.
IT IS A FRIDAY! TAKE IT EASY ON THE TRADES!
If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
Gold Longs / Charts flipped Calling longs ahead of NFP tomorrow. Pretty controversial for the retail industry, but my mind works different... And I have a diff edge in this market. Don't trust me? Im I a crazy as* mf ? Maybe ... But if you want to win im urging you to go long... IF you want to get wacked keep selling your trend based on your shitty mainstream information. Anyways good Luck. Hold into the prev year highs if you want but you need some strong balls to do that, im doing it... as my profile says im a investor not a retail day trader. Lets make the bag babyyyy
- Free Gold Signal - Retest of Broken Wedge/ DTL We can use a retest of the break of a longer-term daily train line for gold to take longs up to 1535 as our first target.
1500 as held as a very good institutional level and I feel like this is a good opportunity to take advantage of long entries after a clear for our retest of the broken trend line at 1500 concluding to multiple confluences worth us taking risks this early into the game this week.
Stop Losses should be at least 120 pips.
We would love you're feedback on golds.