Morning outlook - XAU/USD approaches 100-day SMA Previous trading week the exchange rate ended at the intersection of the 61.8% Fibonacci retracement level and the bottom boundary of two ascending channels and was ready to make a rebound. However, an unconfirmed victory of the Japan's PM Shinzo Abe and his party strengthened the Dollar and pushed the through...
Morning outlook - XAU/USD breaks 61.8% Fibonacci retracement level Due to release of another set of the US inflation and consumer spending data, which did not change the overall prospect about the upcoming interest rate hike, the buck managed to drag the bullion through the 61.8% Fibonacci retracement level at 1,278.96, thus confirming an existence of a new...
Pending Long @ 1250 Stop Loss @ 1205 Target @ 1393 RR Ratio @ 3.2 I am not interested to sell from here but i prefer the long side because it have bullish sequence on daily time frame. Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Today we saw a "drop" of $5. Of course that's all it takes for the bears to flood TV with their sub 1200 predictions (they'd probably just be happy to close their current underwater positions at BE). One of the main issues people are having, is that they think this rally is solely due to the tensions with North Korea. As we've all seen with political tensions...
XAUUSD SELL LIMIT 1285.095 SL 1300.137 TP 1251.023
Broke 1265.00? 1257.00 is the key! 1300 is the target which is the weekly resistance.
For several days, the Gold (XAUUSD) commodity has been on a continuous strong attack of bears despite the US Dollar weakness. The bear attacks has lead the commodity to break its daily ascending trend line within a single day. Now the question is whether the price will continue its downside or will the following days show that it is a false breakout? My Take...
READ THE GRAPHIC! Im expecting a downside move to 1237.00 and then GOLD is going look for new highs... Targets: 1237.00 short trade R/R 2.61 1278.00 long trade (long term) R/R 4.1 SL: 1267.00 LIKE AND FOLLOW Enjoy albx :)
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
This is not a investment advice. Take care.
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
I hold a point:Good charts does not more words to explain! Good luck!
Personal setup on XAUUSD I have been long since the break of the median line in the daily channel around 1205 area. I will be holding for now targeting the 1250 levels if we see a break I will open another position targeting at least 1280. Stop loss is already in profit so will let this trade playout over the week. I would not advice any new entries right now....
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron