Xauusdlongsetup
GOLD : is going to 1960 againHi to all,
Gold complate its consolidation and give us small long signals. I see bullish pinbar+engulfing structure on lower timeframes and i'm join a long trade @Gold. Any candle close at below of the ascending trend that drawn by white line is my stoplevel. (around 1830)
My first target is 1875 & the second target 1960 again.
Good Luck! If you find it useful, please support this idea with LIKE and feel free to ask all your questions as a COMMENT.
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:
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ForexShinobi.
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:
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ForexShinobi
GOLD Long to $1555Hello Traders,
A breakout to the upside was seen in XAUUSD, and thus a trade was taken with as stop loss of $27 at around $1478 just around the previous consolidation low and a take profit of $50 at around $1550 just around the previous swing high. The price had been consolidating $1495 and $1481 and therefore, this breakout can be identified as a start of an upward momentum with the bulls taking over.
Have a lovely day!
Riverfront Capital
XAUUSD Long Setup (Swing Trade)I see that the correction of Gold is almost done. I have decided to go long. My stop is not very wide but I can still move it a little bit. I'm planning to add more once descending residence broken.
Looks like this is going to be a swing trade. I'm going to update this post accordingly
PS. This is not financial advice.
Price action >> Gold = UPFOREXCOM:XAUUSD
*Trend bias = up
* Good support @ 1280
* Bullish engulfing pattern completed and we have the wicks indicative of new lows being rejected
Going long @ market price 1285.53 with
Stop loss below the lows @ 1275.84 and provisionally targeting the 1296-1300 level
Don't bet the farm and always exercise good risk management.
GOLD / Meanwhile in TradingViewDynamic trading has an ability to spot whether the resistance that was strong before is the same now.
What was strong today may not be strong tomorrow!
The trick is to dig it out and read it properly.
That being said 1282 was strong, but it may become weak today.
Because 11/3 becomes 2 - 12/3 becomes 4 - 12/7 becomes 9. Such inverted combination indicates that previous resistance becomes weak.
Therefore today we could have a clear breakout.
On Long-Mid Term acc I am not opening additional positions, long orders and pending orders stay the same as they are.
But sell from 1282 in the previous Idea was closed at 1271.9 because we couldn't break 1272 downwards by 1$.
Normally I would not risk here, but I executed a Long position on Intraday Account 10 minutes before close with an SL 1271.00 because if we break 72 by 1$ target is 67 - 60.
But if based on behavior and inverted combinations we have a breakout above 1282 that again can bring some cash.
Let's see.
XAUUSD Weekly View: Remain bearish testing major resistanceSell below 1250.00. Stop loss at 1310.00. Take profit at 1125.00.
Reason for the trading strategy:
We remain bearish below 1250 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1125 support (swing low support, Fibonacci extension, Fibonacci retracement).
RSI (34) has made a bullish exit and warns off a potential further rise.
Stochastic (21,5,3) is seeing major resistance at 94% where we expect a reaction from.