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...
Gold create correction before hit fib 0.61.
After hit on resistance will going down soon.
Watch the Price action for bearish momentum.
If you have any idea leave comment below and dont forget like this post
Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my...
Hello and welcome back traders🙂.
Gold is currently trading in a ascending wedge pattern.
A good entry point on a short term short trade would be the 1687.46 resistance line.
This is because it also coincides with the descending wedge pattern mentioned earlier.
Please be advised that this is a riskier set up due to the potential chance that gold...
If gold were to range in between the buy and sell zone then you could potentially go much lower than 1680
I will wait to see what the reaction is to the upside next week.
If the reaction is impulsive towards 1760 then it's positive for gold.
If the reaction is more corrective and slower towards 1760...then possibly another massive drop to the 1670 area for...
A double bottom has already formed on Silver 240 chart. We are waiting a green kicker candle for demand momentum confirmation.
Reward to risk = 1.4/1.
Enter around 1.21069 - Entry reason: Bearish engulfing .
Entry - awaiting green kicker.
S.L. is around 24.77787
T.P. is approx. 26.15417
We have been ranging since London session yesterday with very little volume. We have three options for gold volume permitting.
If we break above the range we have been stuck in, we can look for a potential wickfill which would be 30 pips, however that is a risky move. Safer buys would be if we break resistance at 1933. We have clean traffic to the left and we can...
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...
Shared my anayliss on gold last week, check out my older post i will be attached to the bottom of this page, AshFX predicted the drop was coming!
Gold will keep dropping testing the 1890.278 level before making its next move,
consider following our tradingview page for more great content,
CHECK OUT THE BOTTOM OF THIS PAGE,
Good luck stay blue,
So The Take Profit Was HIT!
Right from here onwards, on the hourly support in the past price has bounced back off to atleast 1700. So lets wait for the new hourly candle and see where this one takes us.
If it resists then GO LONG.
If it breaks then GO SHORT.
It's a simple equation.
Gold to dip & test support of 1563.
From there it could either bounce and continue it's climb or it could gain momentum and continue to fall to levels such as 1556 and 1547.
Leave them down below and I'll get back to you!
I love discussing strategy! :D TVC:GOLD
GOLD has been on a rise lately however I don't expect this to be a big bullish run for GOLD, in other words I don't think this run will take us to a peak higher than the peak we have made (1350+ area) this year. Now is a good time to buy as we have risen and retraced already so the next wave up can be anytime soon. I expect this wave to take us to 1250-1260 USD...