Goldbuy
[GOLD W2 Jan 2022]👉🏻 Swing trade. With the FED hiking interest rates, we could possibly see some money flow from risky assets into gold.
XAUUSD Long with 3 listed confluencesList of Confluences:
1: Trendline Breakout
2: Key Level Breakout and Rest (TBA)
3: Double Bottom
Summary: Trade has a potential RR of 2.72 to 1. We are waiting for the breakout and rest to confirm trade setup. If confirmed, we should be looking to enter Long tomorrow.
GOLD SHORT/SELLHello everyone.
A high probability chance Gold/XAUUSD will do a small SHORT before going LONG. If it breaks through TAKE PROFIT1 hard and fast than we will look to put our stop loss at profit 1 and let it ride out. Do risk small as this is the last week of the year, brokers might want to take retail traders out before the big guys come back from the holidays. Happy trading.
Outlook on XAUUSD: Pullback presents an opportunity to buyOn the H4 time frame, prices are showing bullish order flow with the break of its previous H4 high. On the M30 time frame, a pullback to the demand zone at 1803.89, in line with the 23.6% Fibonacci retracement and 61.8% Fibonacci extension presents an opportunity to play the bounce to the next resistance target at 1812.39. Ichimoku cloud and 30 EMA are showing signs of bullish pressure as well.
GOLD BUY Signal 22DEC2021 TP 230 PIPSBeginning with the name of ALLAH who is the only lord and master and the most merciful...
I strictly take trading as a business, not a gambling stuff.
I have pre-defined approximate risk to reward ratio on every single trade with clear profit/loss zones.
Trade Discipline:
-> Never go beyond 1.5% risk of your total trading capital on a single trade,
-> Always move your stop ahead of your trade entry level after the price moves 23 pips towards target,
-> Always close 80% of your trade position after market makes half movement towards target.
Every one has a right to earn a lot of money, but it can only be done by following the rules and principles very strictly!!!
REMEMBER:
I practice patience in trading.
NO EMOTIONS. NO GREED. NO FEAR at all... that's how I do this business...
Day after day... Weak after weak... I GROW...
GOLD buys from $1763Sharing my opinion on longer term gold buys, I'm looking to see if price can make a upside move from current price or even better another rejection from that area of support at 1763. Price has been going sideways for a few weeks now so no rush to jump in now, I will just wait until we see a push higher then catch the continuation or wait to see if price can make another bounce from 1763.
Gold buyI could be wrong buy we might be going into a bullish week after it picks up the liquidity on the bottom line right below the price so watch out for that but be careful because its not like nasdaq it turns fast an unpredictably so set your tps and keep a close eye on your trades even if you are a swing trader cause you still can suffer some damage...