welbeck_joshua

welbeck_joshua

Place about Five Sell Stop Orders at 1794 (Precisely). Input your stop Loss to 150pips = 1809 Take Profit One = 1779 Take Profit Two = 1764 Reason is due to Bearish Engulfing indicated with the Two Yellow Zones

welbeck_joshua

Price has shown rejection within this zone. and CCI indicates overbought... Hence a Sell Order for Gold at 1811 or 1814 wouldn't be a bad idea Stop Loss = 1826 Take Profit 1 = 1800 Take profit 2 = 1790 Take Profit 3 = Hold Trade until 1780

welbeck_joshua

Price is at a Resistance Zone using the 50 Moving Average (Blue) Hence a Sell order at 1775 is not a bad idea... Set a stop loss at 1785 (100pips) Take Profit at 1:1 = 1765 Take Profit at 1:2 = 1755 or Hold to 1677

welbeck_joshua

If price closes below 1864, then we go short on Gold.. But when prices close above 1864, then you go long. Thank you very much. Always have your stop loss on. 90 pips to 100pips

welbeck_joshua

Understanding why A sell at 1873 would have been the best trade which I missed on the 9th of December, 2020 If I had looked at my CCI, I would have realised that market was overbought within a bearish engulfing hence a sell at 1873. Secondly too, Pivot was broken as market closed below it.

welbeck_joshua

Looking for a retest at the pivot (1864) and then Long (Buy) on Gold. Stop loss = 100pips = 1854 Thank you.

welbeck_joshua

Gold is screwed to the downside. Even though there is a divergence on the CCI with price movement; indicating a buy.. That is -30 on Price and +16 on CCI But I am looking to trade with the Trend: Downtrend.

welbeck_joshua

The Spinning top price; top one at 1866 and down one at 1853 When price closes above 1866, expect price of Gold to rise targeting 1912. When price closes below 1853, expect price of Gold to break through the Resistance Zone... Trail your stop loss till you are stopped out. Thank you very much

welbeck_joshua Updated 

USD will be strong today, price will push up to 1.3246, expect a rejection here; if price doesn't show any rejection, then price will be targeting 1.3338. When a rejection happens at 1.3246, price is likely going to move down to 1.3139