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.
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...
Buy Gold (XAUUSD) above $1300 Ultra conservative traders can enter above $1317. Don't miss the "golden" opportunity of multi yr breakout! T1: $1355 T2: $1375 T3: $1415 T4: $1450 (for aggressive traders only) T5: $1500 (for Bappi Lahiri and Dubai Sheiks only) SL: $1274
we can long here for target -1331 and 1349 and stop 1265 ,after complete pattern then again buy at 1228 -1230 levels
gold has hit the trend line finding support for the third time will this support end the downtrend here is my outlook for gold there is good support by the trend-line and as well as 50% fibo (1210.07) on the uptrend targets 1249.25 and 1275.06 alternate scenario if market breaks lower of the trend line and fibo 50% , expected of a breaking down with targets...