GOLD-BUY
Xau/Usd: Bullish SetupReferring to my previous post of the 19th September 2016
Price finally reached my take profit spot on, we then saw a retracement back to our support zone giving traders another chance to take some or more profit off the table. Targets were set at "1320.00" but after we seen a break of previous highs and a retest, as noted buyers should now be aiming for "1325.00"
Xau/Usd: 19th September 2016Currently Long on Xau/Usd (Gold) after price came down to a major support zone and trend line.
This trade was executed due to a 2 bar setup & more confirmation was given when a pin bar appeared (1H)
We could potentially see price retest previous highs at "1325.00"
Entry - "1310.00"
Target - "1320 0.00"
GOLDGold is looking bullish by technical analysis, as you can see that there is key support level and gold formed a bullish pinbar on weekly time frame, there are three type of taking entry on pin bar, it is depend on you how you get it. Best of luck and Like and Follow me if you found it useful. Thank You for visiting me.
GOLD – BUY DIPS TOWARDS LAST HIGHGold – buy dips should be a good idea after the brexit vote last week. Ideally I want to see another leg to the down side and divergence forming. The most conservative way to try and join the bulls is to wait for the down trend line to be created and then broken up along with the most recent resistance or high. Then simply buy dips at the pullback.