Long

XAUUSD: Big volume breakout of downtrend speed line confirmed

Updated

We have a valid breakout of the downtrend speed line resistance, confirmed by the huge volume and range of September 21st's daily advance, and validated further by the recent retest of the speed line, which now held as support. I'm long as per my previous publication and added to it on the dip here.
Upside is considerable, at least aiming for 1420, to 1475. Stops should go below 1310, or lower. Give it a big enough margin of error.

Good luck,

Ivan Labrie.

Note

Note

The move back down to support was a good chance for people who weren't in to join the trade. Stops should go under today's low, give it some wiggle room.

Note

If we get oversold here, we can buy a new daily high. Stop at the lowest low, until then, nothing to do.

Trade closed manually

We flipped short last night. The bulls are losing control, we might see a sharp decline in silver and gold. Short miners (NEM is a good candidate, stops for all silver, gold, miners shorts: Friday 30th daily high)

Trade closed manually

Covered shorts for now, 2.95% profit overall.

Note

I went long again at 1253.52, stop 1238.33

Trade active

Trade closed manually

The long doesn't look entirely safe.

Note

I'm short from here again, to 1205. Stop is 1258.95

Trade active

IvanLabrie

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