Buygold
Gold is the best TO SHORTHere is the medium term/short term nut not long term but something term forecast for gold. Look for demand at the green dotted lines. My eyes really couldnt stop looking at the yolo target at 2.618- so I market it. Lets get at her boys. And ladies lets get at him!
******This is not Financial Advice******
Focus buy on GOLD!Focus on buying GOLD, waiting for a break above for confirmation.
Reason:
1. Double bottom indicates changing the trend to an uptrend, combine with bigger time frame its still an uptrend.
2. XAUUSD just finish an ascending triangle which strengthens the buyers.
3. The price did not break the third orange trendline below and keep continue bullish.
If you Agree, hit the like button to share with others how to set up a trade. FX:XAUUSD
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget
Psychology:
1. Not all setup is valid, its fact, the market always changing its direction, the important is we have reason and we have analysed it.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
GOLD - Big correction ended ?Last week GOLD has drop heavily almost 800pip !
This movement suggest big correction has took place.
Our trade plan :
1) As critical level still intact - We will buy until Key Level only : and IF price stays above the Key Level , we suggesting more strong upward movement will continue to complete third wave impulsive.
GOLD projection until 2023This is rough assumption for GOLD to go more higher near / more than 1900+- as average all time high on 2011.
2011 high is expected as the BIG wave 3. On weekly perspective, we are in the middle of BIG wave 5.
**This count may changed as lower time frame would lead, before the major wave unfolded.
Keep an eye on GOLDGold's chart shows an interesting formation today.
This chart pattern has two options henceforward.
At both of them, more likely we gonna see drop around $ 1560 level first.
Once the price drops, it will be important whether it will find support around these levels and continue moving up to $ 1600 or if a breakthrough occurs we'll see deeper drop to $ 1540 - $ 1520 levels.
Gold trade idea(1hr)Congrats on previous sell .. Still Gold continue following the bullish trendline religiously as we await a break soon.. So we see a buy short to resistance/top trendline then following a long sell long back to supports/bottom trendline..Make use of your sell limits with due respect to chart idea NB; As long as neither trendlines broken follow analyses. Please comment, like and share your ideas on this particular pair too. thanks!