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 took a very strong support at $1301 level and maintained to trade above 1317. crossing initial resistance of 1323 will show some bullish movement.
HI GUYS KEEP WATCH...
XAUUSD MOVE UP AND DOWN IN THE RANGE KEEP WATCH MAKE GOOD PROFIT
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 markets can be substantial. You should carefully consider if engaging ...
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 ...
Initiating long in gold cmp is approx 1326.4 ---the targets will be above 10334 and higher , plz read the prev post/idea on xau/usd and the points mentioned below
the trade setup is based on higher ti,eframe charts and thus is positional trade
it carries substantial risk
in this trade we are entering early based on certain triggers
The earlier mentioned ...
the day chart of xau contract is shown, a recent candle shows attempt to take support at lower levels, charts are sideways at the moment with some decent bullish possiblities , bullishnes will show in this order
1 the price on day chart should move above the blue falling trend line
2 the horizontal red line marks the first resistance on the upside
the resistance ...
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
OANDA:XAUUSD Gold Trading @ small support area. No trade here. Watching price action in daily time frame. any rejection (Hammer candle etc) near $1265 may take gold up to $1300. $1265 & 1260 also marks Fibo+ Pivot point in weekly charts.
After breaking the trendline Gold is moving in a bear flag, potential break to the downside will bring 3000 to the question and tomorrow's positive move from Fed will break this level to erase all the gain from last weeks.
Gold (XAUUSD) has formed a megaphone top on hourly chart. We will take decision based on the price action which is going to unfold.
Keep watching this space for more updates of targets and SL
