Yesterday I posted a short idea for XAU/USD, however because its been in a ranging environment last week, its difficult to really determine what the price will do next. So I thought I'd share an alternative bullish scenario. From a price action point of view, break of the recent high, double bottom and break through structure point to a bullish momentum as...
Hi to all,
Gold complate its consolidation and give us small long signals. I see bullish pinbar+engulfing structure on lower timeframes and i'm join a long trade @Gold. Any candle close at below of the ascending trend that drawn by white line is my stoplevel. (around 1830)
My first target is 1875 & the second target 1960 again.
Good Luck! If you find it...
Watch for rejection in the blue rectangle (50%-61.8% fib) and place stop loss below the rejection wick.
TP: 1690
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Hey traders,
Yesterday I posted a trade idea for Gold, but we did not get a confirmation signal.
WE GOT CONFIRMATION! We got a bullish pinbar on the H4 off the blue trend line.
Price is still in the ascending triangle pattern.
Risk to reward is 2.
Targets are 1504, then S/R at 1515.
Daily trade analysis and ideas:
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Hey guys , Hope everyone doing Good, Gold showing Good bullish momentum.
I've been on Longs from 1470. As expected it gave a bull flag, Now i'm Expecting Target 1530 Before a fall back to 1490 Levels
Hey traders, as the day comes to a close, I am looking at this setup for Gold on the H4 charts.
I have drawn from what I see an ascending triangle pattern. Price has come down to test the ascending line, with 2 long wicks forming on the H4.
This represents demand from buyers who are either taking profit or entering into long positions.
The risk to reward of...
Hello Traders,
A breakout to the upside was seen in XAUUSD, and thus a trade was taken with as stop loss of $27 at around $1478 just around the previous consolidation low and a take profit of $50 at around $1550 just around the previous swing high. The price had been consolidating $1495 and $1481 and therefore, this breakout can be identified as a start of an...
I see that the correction of Gold is almost done. I have decided to go long. My stop is not very wide but I can still move it a little bit. I'm planning to add more once descending residence broken.
Looks like this is going to be a swing trade. I'm going to update this post accordingly
PS. This is not financial advice.
FOREXCOM:XAUUSD
*Trend bias = up
* Good support @ 1280
* Bullish engulfing pattern completed and we have the wicks indicative of new lows being rejected
Going long @ market price 1285.53 with
Stop loss below the lows @ 1275.84 and provisionally targeting the 1296-1300 level
Don't bet the farm and always exercise good risk management.
This is my potential Long setup on gold. this is a 1 to 1 setup once the trade is close to 100 pips up will I then move SL to breakeven. I do see gold potentially reaching 1300 but that will take some time, for now 1275 is my target 1.
