We all love a gold trade.
Our script working on a 30M strategy says it's time for a long.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
I try and share as many ideas as I can as and when I have time. My trades are...
I can see gold following through from my idea in April.
As there keeps being news on the USD strenghtening and weakening will determine where gold goes next.
strenght of the USD may see gold to continue following through the trend and fall.
A weakening USD may see gold go back up to the current resistance causing a break in the trend.
Personally I have entered...
Following from my chart posted on 13th April we have so far followed through.
This is only my analysis remember and anything can happen
I personally follow Lingrid and her idea is fall at resistance of 1770 and she is very good.
Lets see what happens now.
What does everyone else think?
I have put the areas where i expect it too risee too and fall from.
I posted on Gold last week that I was expecting a big move. It dropped a bit after that but now is looking like breaking higher. It now looks like it has broken a resistance and is rising to the trendline. I expect it to break above the trendline as well and test the next resistance. For a safer entry you can wait for it to retrace from this resistance level to...
I think we could see a big breakout on Gold soon. It has been consolidating very close to the trendline in the past few weeks. It did have a fake breakout in the early part of January but is now settled back below the trend. From the high in August it has already retraced to 0.5 Fibonacci before rising and now sitting on 0.382 Fib. I think it will breakout and...
After taking sells where we banked 90 pips, price broke above the range highlighted on the analysis last night.
Instead of waiting for support to form, I waited for a retest and entered on the retest, so this was effectively a break and retest entry.
As price reached the first target, I secured my entry and moved stops to BE.
Price then reached my next target...
We are trading below resistance at 1898, a break of this level could see us long back up to 1905. I have highlighted a potential barrier along the way in the form of a resistance, however if there is enough volume, we can break that level. For buys to be valid, we need to form support above resistance. I am not looking for sells as I do not like the ranges to the...
Gold broke resistance and formed a nice support on lower timeframes, this was good confirmation to take buys, with TP at the wickfill and stops below the previous candle, we secured entries at 35 pips and the runner got stopped out at breakeven. So a nice win for the night
Bullish on the pair but always wait for a confirmation before entering a trade. This is an analysis and projection - not a signal.
I believe the trend will soon change.. But I don't see it in the coming days.