GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
GOLD-BUY
GOLD buy | Good Luck traders Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD .
I still did my best and this is the most likely count for me at the moment.
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Gold Giving a Potential Buying Opportunity for Long Term!!Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving indication of current declines coming to an end soon.. The current price action suggest that Gold is forming an Ending Diagonal which is almost complete or might go up and come down little once more before breaking out of it.. One can take long positions Gold once the price breaks out of Ending Diagonal and keep it for long as this could be a start of another Rally going higher than 1375 and probably towards 1500. Its a very nice risk reward entry now to go long.. If it goes down further and continue declining further then my analysis might be wrong and I will not take trade as suggested above and wait for other confirmations.