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Gold to reach $1930Gold - Intraday - We look to Buy a break
Buying pressure from 1895 resulted in prices rejecting the dip.
We are trading at oversold extremes.
This is positive for sentiment and the uptrend has potential to return.
The hourly chart technicals suggests further upside before the downtrend returns.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break, which will confirm the bullish sentiment.
Our profit targets will be 1927 and 1992
Resistance: 1927 / 1992 / 2075
Support: 1849 / 1763 / 1689
Big Decisions ComingThe $USD is quickly and quietly being replaced as the world reserve currency. China is one of the first countries to implement a nationwide digital currency. This power to bypass the exclusive SWIFT club in FX trade could topple the $USD from the thrown as the most liquid asset available. The key to a currency's success is its measure of liquidity. The markets will soon be volatile and saturated with fear, considering the upcoming election. Silver, gold, stocks, commodities and the entire digital asset space will be a safe haven. No we will not see the stock market crash until it is a bubble. Look at the S&P, does that look like a parabolic bubble to you? Federal Debt, USD, Cash will be the biggest liability. Inflation cannot be measured by the DXY because the pegged basket of currencies is also inflating at an alarming rate. Inflation is measured by minimum wage, the stock prices, gold, and Bitcoin. These products are not increasing in price, the value of the dollar that they are denominated in is decreasing!
Thanks for reading.
GOLD - Fib-quantum-analysis I will take advantage of the fact that I feel a little better, to play guessing the future, lol.
This is my main view of gold.
To predict this, I use all existing patterns, and my quantum knowledge of waves (and fibonacci/quantum-patterns).
This is entertaining, we will see something exciting, ROFL.
GOLD RUNNING + 500 PIPS / 3% GAIN OFF 15M STRAT The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
XAUUSD Longer Term Outlook. Bull Market, FOMC...The bigger picture is bull, breaking PA on 1 minute graphs means nothing in the light of mega returns... Keep stacking, and if you're bored short to hedge and finance your next buy. FOMC coming in wednesday will have a nice effect on the market. Most importantly keep that SL in profit and run on some negative risk;) Enjoy!
XAUUSD BULLSymmetrical Triangle pattern to $1978 before going back to all time highs.
Inevitable squeeze out of the triangle for gold to move to a higher high.
XAUUSD bullish intentionsSup metal heads
Gold is shaping up for a nice little move to the all important 1960
We shall see what happens for the next couple of sessions!
Cheers :D
How to trade Gold in this consolidation Phase!!! Buy OpportunityLast week the volatility was low. we could see any big moves but still price action remains valid. so the outlook of next week is still to upside untill further break of structure that will invalidate the trade. make sure you use proper risk management. At lease 3% to 5% to avoid getting liquidated and Maintaining your composure in the game!!
thank you And Please Follow me!! for more updates
Gold 2015 and 1981 resistance take sell entry at 1978 with sl at 2015 tp 1800
2015 is import resistance that will confirm bullish rally upto 3k or trend reversal.
we can take entry inside this blue channel if gold break 2015 and continues it primary trend.
XAUUSD inside 30 after inside day breakdownXAUUSD had an inside day breakdown today,
here we got this inside 30 after 0.618 and 30m supply retesting,
I'll be willing to take this breakdown short.
Let's see how it goes yo!
Gold: How to trade double top
Double top or Fake channel breakout
This move was combination of both fake channel breakout on 15 min chart and double top on H4 chart or trend continuation on long term parallel channel.
Always consider all pattern and use Elliott wave analysis to know beginning and end of any chart pattern
GOLD LONGS STILL THE PLAYHERE IS MY VIEWPOINT ON GOLD, I MANAGED TO SNAG AN ENTRY AT ENTRY POINT OF LONG POSITION DRAWN UP HERE, MY VIEW IS GOLD WILL REMAIN BULLISH FOR MEDIUM-LONG TERM THIS YEAR .
Gold: Longterm Breakdown for 2020Taking a step back in this season of illiquidity over the Christmas break to the new year holiday we can look at something interesting at the weekly timeframe for gold. Every 500 of this chart represents a key level that we need to pay attention to its been back tested and proven and you're more welcome to do so by using the make it mine feature in the bottom right corner of the screen.
Drawing a weekly fit here we can see exactly what I'm trying to assess with my bias right here. I have labeled the chart a BNC and you can see with proper Fibonacci operations how well the structure has presentex. With a stronger goal that we can assume a week a dollar this is a perfect call agreement between two strategies on two different community bases.
