Get started

Xauusd-trend

Gold back to 2070Hello traders! Today i want to share with you an idea that i have in the XAU / USD for the long term. Keep in mind that it is a vision on a DAILY chart, so it probably has a time horizon of couple of months. Gold recently broke important level of 1800, price even bottomed at 1765 - last top of previous correction, where lot of retail traders had their stoplosses so the Big Players can get into their positions. Technicals are showing nice complete correction phase, about 115 days in correction is quite long time. Also gold has tendency to move a lot during - seasonal pattern from December till February, all im waiting for is break of trend in correction and get flag to get in trade after breakout. Fundamentals are still showing weak USD - Quantitative Easing, Low interest rates, also pandemic is still not over, even the vaccine is started to being shipped it doesnt meant pandemic will disapper right away. Enjoy! Trade your Plan I´m not encouraging anyone to take any trades by my analysis, it´s only my point of view to current market conditions.
OANDA:XAUUSDLong
by TradingPeak
2
GOLD / XAUUSD + 150 PIPS / +1.3% RUNNINGGOLD buy on our strategy. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
OANDA:XAUUSDLong
by RossTyler
Bullish Gold Broke Through First ResistanceIn these uncertain times, it always feels good buying gold. Now that global markets have been in such a positive rally, gold has risen in price as well. For this trade, I propose a simple set up. We will try to monetize the bullish scenario, where we assume the trend will keep pushing the price up, perhaps with a small retracement inbetween towards a newly found support zone. We place the stop loss directly below the support zone, and the take profit directly below the second level resistance zone. I normally trade more on trend reversals, but noticed that in forex trading along with the trend tends to work slightly better. In cryptocurrency trading however, the reversals seem to be more effective so far. I will use a similar idea to my other trade for EURUSD Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
OANDA:XAUUSDLong
by Trading-Guru
3
XAUUSD (GOLD) MARKET ANALYSIS- Major Fundamentals This Week Last week we saw bearish price action and market structure occur. Price ranged between 1270-1280 at the beginning of the week before breaking 1270 and then pulling back sharply before the end of the week. My long term analysis from last week attached below shows price starting to continue a downtrend. This week could be somewhat unpredictable with the amount of fundamental events on the calendar to end this month and start November, we could see some volatility. The major areas for this week to watch for me would be 1280 as resistance and 1260 as a major support which was made off a bounce from last month NFP results if I'm not mistaken. So to determine further price direction a clean break of one of these areas would be confirmation. Surely its possible for it to happen this week as there are many high impact fundamental events including interest rate decisions by the FED (USD) and BoJ (JPY) which will have a huge impact on Gold. Also its NFP on Nov 3 which again will rock the USD and then there are other major events for CAD, GBP and AUD. Trade Safe!
OANDA:XAUUSD
by nick.trader4
GOLD Daily: Ready for next move up?After a major reversal on the weekly unfolding in a nice impulsive move upwards on the daily chart, a divergence showed up in the daily Gold chart, sending prices down over the past few weeks. They have dropped below the balance zone and took Momentum below 0, indicating a major correction. Now a new buy fractal signal has been formed. If it's hit, it could be a good entry point for Gold to reach a new high above $1282. This trade would occur in the overall trend direction (weekly), which would then also keep moving in what might be the new trend direction (long!)
FX:XAUUSDLong
by theTrendtradr
2