So this trade is based on a monthly timeframe, and the fact the institutional trades are still holding huge amounts of long positions on Gold.
We can see that price has already bounced off from these levels before (monthly support), and retail trades are already lined up with lots of short positions from here.
Therefore this should be a great entry area to go...
Hi,
I'll explain why I took this trade if it hits take profit... If it doesn't then you'll never know 😂🔥. Trust me, I have reasons why.
Stop loss is 50 pips, careful young bucks.
(This is not financial advise)
Have a good one
Saif
I was banned for one day because of 'self-advertising' LMAO... Not a clue where they came up with that one...
My future trades won't have much in the descriptions.(Not even pips) LMAO
Enjoy
Hi everyone,
I won't be explaining my trade once again, because Tradingview will always find a way to remove my trades LOL.
Cba .
Follow onscreen instructions, if this works then happy days, if not then stop loss is 50ishpips.
Take profit is well over 120+pips (We don't play games over here baby)
Saif.
*This is not financial advise*
Gold is looking really good for a short opportunity. we can see on daily the head and shoulder pattern also a channel from where gold can continue to the downside. Possibly to the 0.382 or 0.5 retracements in the monthly chart.
I sold gold last week in 1910 but closed the position because not enough short was added on cotdata. Gold is a highly volatile market so...
We are at a very interesting point with gold right now. Resistance has been formed around 1883-84, if we break it and form support on lower timeframes we have good potential to fill the wick and maybe even tap into resistance if there is enough volume in the market, that would be the first target. However if we break below support there are opportunities for...
I drew both the rising channel and the falling channel and the gold seems to have broken them now, so we have 2 target zones.
I would be glad if you share your own ideas as a comment under the analysis.
*ENG*
- Price reaching our first goal of 2020.
- We are expecting a break and retest and a move higher to our higher high.
*PT*
- Preço próximo de atingir o nosso objetivo de 2020.
- Estamos de momento a aguardar um break e retest da nossa zona e um move maior até ao nosso alto mais alto.
Let the chart speak for itself. As we see the trent is retesting a very strong support around the 1980 level
Its cooled down, but prices are expected tp climb back again and probarly will wind a new resistance around 2100 within the next 2 weeks. ( do your own research )
Use Risk manangment, because gold is gold
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my...
An update to a previous idea - CLEANER CHART
From what i can see gold is consolidating on all lower timeframes, it is testing support and from what I can see we are ready for a crash
Price was previously on a downtrend and made a big recovery and just kept rising.. If OIL is anything to go on it did something similar before dropping and as we all know patterns...
