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Goldsetup

GOLD H4 LONG - BULLISH PINBAR CONFIRMATIONHey traders, Yesterday I posted a trade idea for Gold, but we did not get a confirmation signal. WE GOT CONFIRMATION! We got a bullish pinbar on the H4 off the blue trend line. Price is still in the ascending triangle pattern. Risk to reward is 2. Targets are 1504, then S/R at 1515. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi.
OANDA:XAUUSDLong
by FXShinobi
GOLD LONG OPPORTUNITY - CAUGHT OUT BY A STOP LOSS HUNTHey traders, I was in a long gold position today, unfortunately price spiked down to my stop loss. I linked my previous analysis and trade idea. Now I'm waiting for Gold to come back down to 1495 at the minor S/R before entering long. Gold is still in an ascending triangle pattern and for that reason i am bullish. Price today was unable to close below the bottom line of the ascending triangle pattern. Risk to reward of 1.6 Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
OANDA:XAUUSDLong
by FXShinobi
GOLD H4 ANALYSIS - ASCENDING TRIANGLE PATTERN BULLISH?Hey traders, as the day comes to a close, I am looking at this setup for Gold on the H4 charts. I have drawn from what I see an ascending triangle pattern. Price has come down to test the ascending line, with 2 long wicks forming on the H4. This represents demand from buyers who are either taking profit or entering into long positions. The risk to reward of this trade is 3. There is a minor S/R at 1495, so if price can break that, then I am really bullish until the major S/R. On the MACD we can also see that although bearish, the momentum for the bears seems to be decreasing. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
OANDA:XAUUSDLong
by FXShinobi
GOLD BULLS ARE ONFinally Gold has started to move in that bullish move that we have been expecting for a while , support lies at 1182 and target zone is at 1250. The overall pattern is looking to be double zigzag.The wave count in Euro and US Dollar index DXY is also supporting this, US Dollar is about to finish last leg of bearish correction , hence GBP, CAD , EUR , AUS and Gold shall be traded as a bullish move. Hope this helps . PLEASE LIKE , SHARE AND FOLLOW. THANKS ELLIOTTWAVEGREEN
FX:XAUUSDLong
by elliottwavegreen
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