Gold looks ripe for a breakout of the asscending triangle. Will be entering on the breakout.
Pattern Targets around 1322.5-1323 levels, but I would be closing off the trade at around 1315 levels which is a strong horizontal resistance. The pattern targets can be considered as 2nd profit taking levels by moving stops to cost.
Gold finally broke the trading range it had been into from many weeks on the downside as it slid past $1300 comfortably and posted a nearly $20 weekly loss. This kind of movement was getting over-due and a fatigue was kind of setting in when the price action was taken into account. Fundamentally the events did not favor the rising prices thus allowing it to breach ...
Gold took a very strong support at $1301 level and maintained to trade above 1317. crossing initial resistance of 1323 will show some bullish movement.
BTG breaking spot zone and goto moon target 99K - BUY small bag
if its not cross red line then dont enter in that position
buy if breakout then sell target
1st - 90K
2nd - 98K
3rd - 130K
4th - 480K long hold (three or four month)
HI GUYS KEEP WATCH ITS GOOD OPPORTUNITY FOR SELL AREA ABOVE 1341 TO 1355 KEEP WATCH
GOLD SELL OPPORTUNITY KEEP WATCH Consider if the RESISTANCE breaks down
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities ...
OUR CURRENT POSITION
https://in.tradingview.com/x/VP97xTV6/
GOLD-SHORT-ENTRY-1325 TARGET-1230 STOP LOSS-1385
SILVER-SHORT-ENTRY-16.500 TARGET-14.700 STOP LOSS-17.300
( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself ...
OUR CURRENT POSITION
GOLD-SHORT-ENTRY-1325 TARGET-1230 STOP LOSS-1385
SILVER-SHORT-ENTRY-16.500 TARGET-14.700 STOP LOSS-17.300( It doesn’t, means that we can't close or even reverse our position in the middle,if we get enough confirmation we can close like we did 3 times previously or even reverse the position if needed)
At the moment of writing this ...
Gold if holding 1345 levels, then can see 1360/-++ levels in near terms, Risk Reward Ratio will be in favor, keeping stop loss below 1345 for upside target.
we are adding position size to our existing net short portfolio and at the time of writing this ariticle/idea our full short position in gold and silver is well justified from the measurement of risk and reward,
The usd index end up moving higher yesterday and the price of gold fell a little bit,this should be seen as sign of strength but mining stocks are ...
Gold (XAUUSD) trade setup is emerging at the moment. Let us give it some more time to make a clear formation.
Watch this space for upcoming trade setup
Gold (XAUUSD) trade setup (Follow this post for entry & exit)
Will be updating the post based on how gold behaves at the channel top OR at the trend line support
Keep watching this space for the entry, targets and SL
