Get started

Indexes

GOLD Within Ascending Triangle! What to do??? hey traders, though many traders started buying gold this Friday we should remember that technically the market is still trading within the ascending triangle formation. Chances are still high that the solid resistance of the triangle will be respected and consolidation will continue. So if you are looking for a true signal, better to wait for a confirmed breakout and only then act accordingly. Pay close attention to the 1518-1520 range and remember that currently, it is a resort for sellers. good luck and please, support the idea with like!
OANDA:XAUUSDShort
by VasilyTrader
14
GOLD: Important Warning!!! this is my weekly update for gold . currently, I don't have any active position. However, based on the question that I received this morning I see that many traders missed yesterday's selling rally and still want to jump in. Analyzing structure on the left, we can easily notice that gold has reached a key support level . +we see a formation of a dodji candle and multiple rejections. For this reason, I think it is late to sell the market, I think the price will retrace from the identified support. *If you want more ideas on gold , please, support the idea with like and leave a comment, thanks :)
OANDA:XAUUSDLong
by VasilyTrader
5
S&P 500: Market High Short hey traders, though I have already shorted S&P from lower structure levels, we see that bulls still keep pushing the market to higher levels. On Friday the market has closed approaching all-time market's high. There is a very very high chance to see a retracement from this level, for this reason, be focused on a rising parallel channel. Bearish breakout of it will be a perfect confirmation for you to open short trade. Target level will be 2960. Stop will be above the highest point of the channel. *if the market sets new higher high within the channel, setup will be invalid.
FX:SPX500Short
by VasilyTrader
5
GOLD: Complete Indecision hey traders, although I have an active selling position on gold , many traders hesitate to enter right now and don't know what to do. Indeed for quite a long time gold is very very passive. Those who are looking for a confirmation signal, pay attention to a symmetrical triangle that the market is now following. Breakout of it will be a good trigger and you can base your trading plan on that. symmetrical triangle can be broken to both sides, however, my suggestion is to trade only in case of bearish breakout, because a profit potential for bullish breakout is quite limited.
OANDA:XAUUSDShort
by VasilyTrader
4