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Xauusd4h

XAUUSD possible longSo this trade is based on a monthly timeframe, and the fact the institutional trades are still holding huge amounts of long positions on Gold. We can see that price has already bounced off from these levels before (monthly support), and retail trades are already lined up with lots of short positions from here. Therefore this should be a great entry area to go long and make a new high, or at least make a run to the 2000 dollar price area. Risk:Reward is quite okay, I'll go with a 1 to 3, but with a 1 to 1 has a much higher chance to stay in it for the long run. Have a great day everyone!
OANDA:XAUUSDLong
by tomsabobiz
Gold its not in a bullish flag!Gold changed trend since it topped in August, every weekly candle upside we have makes a lower top than previous ones, this is perfect example of change of a trend, meanwhile every upside move is rejected with bigger downside DXY also still making a lower high since 2018, we will have a last upside move from dxy before it truly dies, target 110-120 , which will make gold fall to 1200 usd lower Also retail traders keep buying every dip on gold, just a matter of time before a bigger drop now Sell every spike up with low lots, hold till target 1200, you wont regret :)
FX:XAUUSDShort
by fernandoc17
1