XAU/USD GOLD Trading Idea IW20 (16/05/2017)
Updated
It is finally my first Trading Idea post after since in TradingView for more than 2 years :D
Let's start with the highly sought after GOLD 0.28% trade.
I am still watching the price heading towards the resistance level .
As there are strong greens bars in H4 timechart.
Looking to sell at around 124x area
p/s*
Just cautions for sudden more missiles launch from N.Korea !!
Let's start with the highly sought after GOLD 0.28% trade.
I am still watching the price heading towards the resistance level .
As there are strong greens bars in H4 timechart.
Looking to sell at around 124x area
p/s*
Just cautions for sudden more missiles launch from N.Korea !!
Trade active
It is headed to 124x level now.Sell can be executed to test the pair.
Cautious for DXA USDollar further weakness !
Comment
If 124x resistance level break, next level would be 1257Comment
Moving sell limit to 1261USD is too WEAK :(
Trade active
A quick sell for retracement at 1261 level.If a break here, we can easily see GOLD heading toward 128x level.
Good Luck
Comment
Retracement as analyzed !TP should be around 1246 area
Happy pips-ing
**Be prepared for continued uptrend for tomorrow news
Trade closed: target reached
TP HIT 1245 area !!!Enjoy the fruits :)
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