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Goldbuy

GOLD trade plan(BULLS READY TO TAKE OVER)Sell short, Buy long!!!Welcome new subscribers, Feel free to relate with my trade analyses.. Update me on your running positions. Thank you. So Congrats on our previous sell.. We quite back to our major supports, so we get ready for our buy as bears exhausted hence support isn't broken, But before that i see the market range around 1545-1560 before the spike up, NB: As long as supports isn't broken then BUY!! As usual we minimize our risk and maximize the profits. Please comment, like and share your ideas on this particular pair too. thanks!
OANDA:XAUUSDLong
by NAS-KING
2
Gold: Too Early for a Trend ReversalI was discussing with other traders in the Gold Discussion ChatRoom about the high volatility of Gold futures these days. My opinion, as stated in the linked idea, is still bullish. When trading commodities and stocks in consolidation phase or with high volatility, I usually check the "On Balance Volume" (OBV) Indicator looking for a divergence. This indicator bases on the fact that volume precedes prices. Divergences between OBV and price could help to identify a trend reversal (and they are a strong signal). In the chart, I graphed the positive trend in green (starting from December 2019) and the recent retracement in red (last two days). OBV indicator is still high (showing bullish strength), and there is no divergence with the price level. Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal. I am not a financial advisor.
FX:XAUUSDLong
by Investing_Fellow
Gold - Up, up, and away.. Target $1,600Gold is continuing its solid run from late December and is up by nearly 1% today, rising to near four-month highs. Price is now looking towards the late August and early September high @ $1,557.11 and a break above that could trigger further stops on the way up. I don't think I need to point out in every post the attractiveness of gold during this time of the year due to seasonal patterns.\ Despite the more positive risk mood in equities yesterday, gold still managed to keep with gains to start the year. And now that there's a good chance of equities seeing some form of retracement, it'll only help to fuel the run higher in gold based off fundamentals. And technically, if gold clears the $1,557.11 level, it could make headway towards $1,600 next on seasonal demand as well as other factors falling right into place.
OANDA:XAUUSDLong
by TheOfficialAdli
1