ruanimmelman

ruanimmelman

Back with another short idea on gold. Once again using the current downtrend and a Fib level to secure an entry and SL level. Let's have it!

ruanimmelman

No BS or fancy terminology. Just a simple Fib level trade executed at the 50% level with the SL above the 61.8% going with the bearish momentum from the previous day. I will be targeting 3352 as my first TP level. GL HF :)

ruanimmelman

Gold has been trending upward for the longest of time and I don't think it's over quite yet. Price have found some consolidation and is preparing for the next move. I think we have some space to the upside to complete a double top before the bears will start to come in and send the price down.

ruanimmelman

I believe gold will continue to push until we reach the $3000 so it is just a matter of getting a good entry. I am seeing a potential long opportunity within the channel and price is also at significant level.

ruanimmelman Updated 

After reaching all time highs we are bound to see some correction or retracement before price could potentially move up again. This is my 1h strategy and will be looking at the 15min chat for entries. We are going against the overall trend, so please take caution when selling. Good luck and have fun! ;)

ruanimmelman

There is no top, like a double top! :) Currently nearing that ATH and we are seeing a potential double top which could indicate that price is ready to move down. I suggest a tight SL and let's see where price goes! Good luck!

ruanimmelman

We are fresh off the ATH with gold smashing past all the resistance levels there was. Now I think price must come down before we see a continuation of the upward trend. Let's see if this scenario plays out.

ruanimmelman

Okay so we have been going to the moon, have we reached the top? I don't know man, but I surely hope so. Hopped in with a short, might be smart to wait for more confirmation than a double top. But, I am getting impatient and want to catch the full meltdown that is imminent. Good luck! ;)

ruanimmelman Updated 

So we hit ATH again! Good work to all those who bought all the way up. Now, it's time us bears take over. Price moved up very aggressively and is due for a correction or relief. We formed a nice double top which is indicating that the bulls are done and ready to step down. Selling at the current level is not a bad move. I have opened a short with a tight SL. Let's...

ruanimmelman Updated 

Price has shot up breaking ATH towards the 19000 region. I do believe price will have to come back down before continuing the bullish trend. Short was initiated after the 1h candle close with a tight SL above the previous high. Now we wait and see how far price will retrace before it heads back up. Good luck!

ruanimmelman

Time to go short baby! Loads of news coming up this week. This might be the catalyst needed for Gold to start turning bearish. GL HF

ruanimmelman Updated 

Price has come to a strong support level with candle formations indicating a bullish move. First TP is around the 18.75 mark.

ruanimmelman Updated 

Price came up to an area of strong resistance and is also aligning with a 50 fib level. The candle close also indicates price is looking to head down.

ruanimmelman

This is a trade I am taking with confidence but keeping the risk management in check. Price is respecting the downward channel and we can also see a strong resistance level on the 4 hour chart. Wait for a candle confirmation on the 1 hour chart before entering. Good luck!

ruanimmelman

Price came up to a S&R zone. We have a short term downtrend with lower highs. Indecision candle close also confirmed that price wants to change from bullish to bearish. Risk no more than 2% per trade. Good luck!

ruanimmelman

Might be a good time to buy Gold. Came back to an interesting zone. Good luck!

ruanimmelman Updated 

Hey guys EURNZD has reached an area of interest. We have: 1. Resistance Zone 2. Fib retracement 3. Stoch/RSI in overbought territory I usually look for 3 reasons to get into a trade and this one seems pretty good. I have marked the sell on the chart. Good luck! :)

ruanimmelman

Hey guys. There is a nice sell setup on USDZAR. Price has come up to important level that has been rejected twice. The Stochastic/RSI indicator is also showing as overbought. This is a longer term trade which could take up to a few weeks to complete. Good luck and remember, risk management is key. :)