Xau_Jay

Xau_Jay

Just entered some Gold Buys Reason for buys : Highly oversold Divergence Support formed at 1944 (Detailed Analysis to be added.) Entry Point 1944.28 Stop loss: 1939.99 (50 pips) Take Profit 1 & Stops to entry Point: 1949 (50 pips) 1:1 RR Take Profit 2: 1954 (100 pips) 1:2 RR

Xau_Jay

Two potential setups for the week commencing 16.07.23 I will be placing buy or sell stops once we get closures outside the box. TO BE UPDATED WITH FULL ANALYSIS ...

Xau_Jay

Currently seeing gold trade Bullish as per our previous trade. (check previous idea) Looking at gold I see 2 potential setups. 1) Gold Buys (Negative) FOMC News Gold tests between 1947-1950 again then continues bullish heading towards Target 1, with a closure above 1960. once we see this setup we can expect price to continue up towards 1973 with a final target of...

Xau_Jay

Let's see if history actually repeats itself. looking to take entries around 1938-1940 Keeping stops at 100 pips 1930 Take profit would be around 1980+ Will be managing risk and keep you guys updated. Let me know your thoughts and happy trading :)

Xau_Jay Updated 

There is currently bullish momentum on gold, the previous 4-hour closed strong and bullish with the overall trend on higher timeframes still being up. Realised there is HIGH IMPACT NEWS happening soon so looking to monitor and manage risk accordingly. R:R 1:1 Currently entering Buys on gold at 1957 Stops to entry at 1960 Looking to exit the trade at 1967 Leaving...

Xau_Jay

Could see potential entries if we get a closure above followed by a retest. Will add more detail soon

Xau_Jay Updated 

Would need to see a touch at 1947 before a push back upto 1983. Long-term targets can be 1900+ If we reject 1947 we can see a push down to 1942 a break below can send it to 1930, anything below could be a possibility to fill the gap at 1866