Xauusdlong
A trading opportunity to buy in GOLDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1357.42). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Gold is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 1433.50
TP2= @ 1526.88
TP3= @ 1625.63
SL= @ 1333.00
Gold Ripe for break of the Ascending TriangleGold 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 long trade -XAU USDcmp 1326.4 -plz read 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 resistances of 1334 -1340 are still present on upside ,
book profit at those levels
a good stoploss will be below 1318 which means high risk
a decent stoploss will be below 1322
the prices have been volatile recently and thus stoplosses are not ezee to define ---so
ONLY trade with small quantity -----do your risk ananysis properly before initiating trade ....look at risk not profit potential before entering trade , the long trade can also be initiated in other gold contracts the charts are favorable-- personally i will be using a pyramid type setup to enter further positions which may not be suitable for u
Gold BUY golden setup - GOLD MINING with tRexBuy 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
good buying zone 1274-77we can long here for target -1331 and 1349 and stop 1265 ,after complete pattern then again buy at 1228 -1230 levels
Gold got a Support !!!!!!!!!!!!!!!!!!!!!!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 1182.58 and 1153.27
CHEERss!!!!!!!!!!!!!!!!!!!!!!!!!!!!
