Goldlongsetup
Gold - Buy Bias Good Traders,
Gold is presenting good opportunity for buy. Upward trend.
On the 1hr gold has tested our 78.60% fib level twice creating double bottom.
Its Monday, reduce your risk and most importantly manage your risk.
In the long term Gold looks like a great buy but its the short term fluctuation that wreck our emotions.
In the game of trading we need strong mindset and have the guts to cut our loss early.
Good luck Traders.
Lenin
GOLD - Tracking Minor Waves - Looking For A Re-Entry?Yes we are already in this trade (see related ideas below) however if you are not then this might be of interest.
Just looking into the waves at small degree I found some interesting things going on with Wave 2 of this move.
At the open on Monday, Wave 2 expanded to the upside which indicates some major strength behind this move.
I would say these levels hold potential significance.
Entry: $1946
Stop: $1929
Target: $2300
Let's see what happens next.
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TIME FOR A GOLD BULL RUN - Wave Revision - Wave (C) Starts NowDue to the break of a key level for the bearish view we now have to look at the bull view.
Remember to follow the instructions properly in order to prevent entering a trade if conditions are not met.
Safe Entry: $1907.00
Safe Stop: $1855.00
Safe Target: $2250.00
Risk\Reward Ratio: 6
Aggressive Entry: At Market\Open
Aggressive Stop: $1885.00
Aggressive Target: $2300.00
Risk\Reward Ratio: 26
Also make sure you use sound money management rules to ensure longevity.
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GOLD - Long Trade Idea - How Will You Trade This?This relates to the video idea linked down in related ideas.
Due to the break of a key level for the bearish view we now have to look at the bull view.
Remember to follow the instructions properly in order to prevent entering a trade if conditions are not met.
Safe Entry: $1907.00
Safe Stop: $1855.00
Safe Target: $2250.00
Risk\Reward Ratio: 6
Aggressive Entry: At Market\Open
Aggressive Stop: $1885.00
Aggressive Target: $2300.00
Risk\Reward Ratio: 26
Also make sure you use sound money management rules to ensure longevity.
Please LIKE and FOLLOW to get notification of updates and future posts.
XAUUSD: Another Rally to $2000?Hi Traders,
I'm forecasting a long setup that will rally past the current high of 2075, and perhaps reach the 2100 level.
If price hits our invalidation level, it simply indicates that this current wave down is not yet complete (it may end in a diagonal).
Consolidation at current levels will confirm a long entry.
Trade with caution and enter will small sizes.
Regards
Wave Theorist
Gold long term ideaGold is ready to make his best performance, having a mild jump and dropping hard breaking the 50 EMAs on the weekly. There will be a major support by 1320 that will impulse it to the top again. The pressure of corona virus and crisis will bring it down to the right shoulder so it will just arise from there. Getting ready to achieve the highest levels.
Gold Indication of Market Retrace :: 10YR Yield and S&P 500This post was encouraged because of the Economic Forum being held in Davos, Switzerland.
The last 3 years (roughly since mid 2017) contained talk around trade war. This has caused chaos within the markets. We have moved up and down 1000's of points with no specific direction.
It seems that September 2019 has shown the true colors of the market sediment. We can identify the percent returns of the 10YR yield, gold and S&P 500 from this date. Things have not been adding up and has been blurred by the DOW hitting new highs every other week, misleading investors.
Nobody is saying to liquidate but a rotation of wealth is underplay. I do believe that this is a rotation of wealth that is not our normal move into commodities/metals but potentially something larger.
Impeachment trial proceeds today during the start of the Economic Forum. Is this to sway attention towards Davos? We will never specifically know until everything pans out.
The chart speaks for itself with presenting the data.
I would like to hear anyone's thoughts, ideas and/or theories.
GOLD @ MINOR TRENDLINE LONG OPPORTUNITYHey traders,
Gold has formed a lot of bullish actions over the past couple hours. We have gotten pushes to the downside which have failed resulting in pinbars.
If we can get some bullish momentum going my bias is definitely long.
We have the trend line I have drawn which acts as support as well!
Simple price action and analysis.