Looking to set longs on a pull-back to support ($56.00) for a more sustained up move towards 2019 highs.
Descending triangle has broken higher
Double bottom formation has formed
Price action above Ichimoku cloud
Middle East tension on back of attacks on Saudi oil facilities - Iran being blamed
Expecting further build of tension and possible...
Highly respected resistance level has been obey this position is now live i have sold now and i have a buy limit order which is via the graph
Entry - as soon as possible
SL - 1556.51
TP - 1522.75
(slightly early exit to avoid major support level)
Buy limit (for later)
Entry - 1521.80
SL - 1515.5
TP - 1538.2
A good potential BUY opportunity on the usoil (all explained in the chart, TP, SL Target 1 and target 2)
50% closed at target 1
50% closed at target 2 ( with the trade set at 0 free risk trade after closing the first trade at the first target level)
On the market open and if the level 1527.00 (Potental pos #1 being a sell limit order) is respected i expect a sharp reversal to 1522.8 if breached due to normal fluctuation or gapping
Potential Pos #2 must be ignored unless there's a candle that surpasses the 1527 level and closes above it and then the buy limit should be opened if respected i expect gold to goto...
Resistance and the latest breakout indicates one the 1M timeframe it's time to sell XAUUSD via the 1 MONTH Timeframe i have postioned the take profit just above the underlying support line just incase the exit isn't completely performed so if respected you'll be out just a tiny bit of profit short for a secure exit good for set and forget...
Approaching a third touch confirmation on the larger bearish flag pattern on the weekly chart, but zooming in on the 4hr and 1hr we see consolidation on the top of the channel in the form of a bullish flag pattern giving confirmation of at least a double confirmation on the third touch before a short signalling a buy opportunity.
On the 1hr chart we can identify...
Gold - 4Hr - As with todays Silver trade idea, Gold is the safe haven when there is uncertainty in the markets. We have seen price push up over recent weeks and we don't think today will be any different. Yesterday we reached a high around the 1500 level. There is still room for the price to retrace to around the 38% retracement level, however we should then see...
Intraday - We look to Buy at 57.30 (stop at 56.50)
Posted Mixed Daily results for the last 4 days. The 261.8% Fibonacci extension is located at 62.00 from 50.30 to 54.80. Dips continue to attract buyers. Bespoke support is located at 57.30.
Our profit targets will be 62.00 and 62.10
Resistance: 60.00 / 62.00 / 63.80
Support: 57.30 / 54.80 / 50.30
1.618 times the length of wave (1) added to the end of wave (2) is my target. Stop loss is 1 tick below the low of wave (1). This is a great investment opportunity to add to your medium term portfolio. Very little risk and huge gain potential, just how I like it!
Ido not accept any liability for any loss or damage which is incurred from you acting or...