Possible trades that could've been placed on a ranging market for Gold Yesterday. A ranging market is definetely harder to trade than a trending one, however gold has its secrets :) This is just for educational purposes. What do you guys think?
Insights for daytrading/scalping on gold. Where would you have placed a trade and why?
If those levels get broken, the next target could possibly be the 88.20 mark (lowest dxy price during Trump's presidency). On the upside it could go back to 94.00
Gold has finally recovered from last week's drop. Currently sitting at resistance, might consolidate but remember that it's election night tonight. The next levels moving up could be: 1912, 1920 and 1930.
The previous set up hit SL, let's see if this goes my way
I don't do swings these days but it's always good to place it for educational purposes. I'm actually quite late with the trade hence the bad 1:2 ratio :( Could've also placed the trade before it plummeted down after that false break of trendline Will take a while to hit as UJ moves slow Let me know what you think
let's go tp1: 30 pips tp2: 50 pips tp3: 80 pips Breakeven asap
Dxy is currently on the up move, targeting the previous resistance of 93.90/94.00 which has been mostly respected since August, except for a false brake last month on the Daily chart. What do you guys think about it? Let me know
Trend touchline on the Monthly timeframe. There's a bullish engulfing and a long bearish rejection. My bias is that DXY will go up unless something big happens. This trendline goes almost a decade back!
Price made 2 nice doube tops (M shape) and is now approaching the 1890 support. Will see what's gonna happen during New York and act accordingly. Will only place the trade if there's a clear reversal, the RSI shows that there might be one...
Strong resistance around the 1.71500 level. Higher lows are being formed so let's see. Will wait for a good rejection of that level before placing a trade. Let me know your thoughts