XAUUSD @ daily @ Recovering into FED & ECB dates while 1st Q. ?Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
Goldtradeidea
long XAUUSD @ 15 min @ trading capability for this 52nd week `16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
Long Gold for RSI and BBands signalLong gold at current price (1218) with a stoploss below 1200, which is Triangle base and mid-term support ( Gold has bounced back twice at this level. Also there are two price & RSI divergences as shown on the chat by blue and red line. Also lower low made yesterday is within Bollinger Band's lower band while the earlier low was outside it. It signals a turn back.
Short GoldRed line is the Support on the daily time frame .
Waiting for gold to either pullback to 1250 and continue downwards.
Black dotted line is the support area on the 4 hour time frame .
I have my Short order 5 pips below the Black dotted line
Stop lose placed 5 pips above 1250 .
Gold - Weekly stochastic extremely oversoldWhen in doubt take a look at the bigger picture!
So far gold has retraced a bit more than 38.2% of the rally from $1,045 to $1,375. This is the minimum condition for a healthy pullback. If it can hold around the current level ($1,250-$1,270) it is showing some real strength and hidden bullish divergence.
Looking at the slow stochastic it is extremely oversold and would need another two weak weeks before being able to embed. The much higher probability is a bounce in the next two weeks...
XAUUSD BUY TRADEPRICE SHOULD TEST AGAIN THE 1309.47 FIB LEVEL.
PLACE A BUY ORDER AT 1309.47.
STOP LOSS AT 1296.04
