XAUUSD Long
-57 Month inverse H&S
-14 Week horizontal range
-With climbing rates and LIBOR OIS 2.37% spike, conditions are favourable for Gold 0.25% appreciation
-Expression of trade idea through XAUUSD 0.22% cross as account is not sufficiently capitalized for futures trading
Another week of watching Gold 0.25% . Will wait for a daily break and close of the horizontal range open a position. Am remaining conservative at 30 basis points of risk at least for the establishment of this position
Again, idea not my own. A potential scenario laid out by legend, Peter Brandt's Factor service.
-14 Week horizontal range
-With climbing rates and LIBOR OIS 2.37% spike, conditions are favourable for Gold 0.25% appreciation
-Expression of trade idea through XAUUSD 0.22% cross as account is not sufficiently capitalized for futures trading
Another week of watching Gold 0.25% . Will wait for a daily break and close of the horizontal range open a position. Am remaining conservative at 30 basis points of risk at least for the establishment of this position
Again, idea not my own. A potential scenario laid out by legend, Peter Brandt's Factor service.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.