XAUUSD: Correction might be over...
Updated
On Friday I bought back into #Gold positions after a long time without having any exposure to the precious metal. Me and my clients entered here:
'Let's buy an #XAUUSD long position here, stop loss @ 1417', this tweet was sent when price was 1454.58, 10:48am UTC-3 at the time.
twitter.com/LabrieIvan/status/1200411155434557441
If I'm not mistaken the bimonthly trend signal active in
XAUUSD might still be able to propel prices higher from here. I may add some exposure on retrace on Monday, there's a daily signal that might justify adding. I added some more when the 4H timeframe flashed a short term trend signal as well, which happened near 1460 during Friday.
If you want to receive timely alerts, feel free to contact me to try my signals service for one month at no cost.
Cheers,
Ivan Labrie.
'Let's buy an #XAUUSD long position here, stop loss @ 1417', this tweet was sent when price was 1454.58, 10:48am UTC-3 at the time.
twitter.com/LabrieIvan/status/1200411155434557441
If I'm not mistaken the bimonthly trend signal active in
XAUUSD might still be able to propel prices higher from here. I may add some exposure on retrace on Monday, there's a daily signal that might justify adding. I added some more when the 4H timeframe flashed a short term trend signal as well, which happened near 1460 during Friday.If you want to receive timely alerts, feel free to contact me to try my signals service for one month at no cost.
Cheers,
Ivan Labrie.
Note
Targets for daily #XAUUSD are on chart Note
#XAUUSD posted a weekly Range Expansion move so far, if it stays over this week's open, there's a chance we're about to see a big rally in metals, similar to the one that started in late May: Trade closed: stop reached
Stop hit
Note
Another signal triggered, a weekly trend:Targets on chart. Maybe
XAUUSD rallies with stocks for a while here, or while stocks consolidate sideways for 13 weeks. I'm net long equities still but shorted a few overvalued stocks, and bought both #Gold and #Silver positions to reduce risk.Trade active
Trade closed manually
Precious metals are done.
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