Gold still hasn't considered the sweep of the double bottom, I think this area will be tested over the coming days. I would like the price to follow the arrow marked, I will be buying and selling this pair to follow the line.
Gold H1 Strategy, see data below the trade idea.
Equity graph and trade history is shown...
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...
DONT BE RUDE! I am on about it is going to rain down money when 1765 breaks ;p I don't want to know what you get up to behind closed doors.
If 1765 breaks then Gold price will make considerable bullish moves! Price has just been ranging between 1765 and 1675 since 1st march waiting for the breakout to happen and boy when this breakout does happen we are going to...
Xau/Usd just made a breakout of a 4h trendline. It's above it and is rejecting it consistently. This is showing us that gold is ready to move up, and is going to break out soon.
Buyers are in the market since 1700 level, rejection of the 1730-1740 area already occurred.
Now seeing what indicators say they do confirm that we are entering a really strong and...
XAUUSD now showing great support from previous resistance and rejection from the descending daily channel in which it has been tracking, thus now making the perfect place to place a long if we were to wish to play out the T-cup weekly pattern with a very big swing target
Gold had a tremendous sell off last week, this can only mean one thing, profit-taking is round the corner.
I expect a significant pullback into the levels marked out after price liquidity purges its most recent lows.
We can see price is in support and formed 2 daily Doji candles which can be a sign of a trend reversal or a pullback.. Either way, I see Gold going up..
Will have to wait for confirmations on lower timeframes
If you are interested in taking part in this challenge just drop me a message! This is where we take £100 and trade it to £10,000, we post the trades we take so you can also take them and follow us to 10k if you like.
As for gold price respected my 1969 level and also my 1789 level, i will be looking for price to break 1789 before taking more long trades, overall...