TOP of TR1) TOP of TR
2) nice long way to UP
3) TL of way up is break
4) up swings are break as well
If mini 123 on daily will be still valid, i am ready with sell stop
PT app. on 50% of TR
XAUCAD trade ideas
XAUCAD Short Setup on DailyJust completed a 4h correction. Structurally on Daily we could have WXY. Nice Reward Risk trade setup oppotuninity
XAUCAD: Breakout trading to the upsideBullish candle broke trendline . There could be a further retest of the trendline before price takes off. Long breakout with bullish candle.
Good entry as XAUCAD near channel support againXAUCAD has been moving inside an upward channel since Jun 2013. If you measure in CAD, gold has been in a slow bull market for the past 4 years.
Remember in early July 2017, XAUCAD hits channel support and immediately bounced back up. The long term structure still holds.
This is almost the same situation as 1 year ago, which was described in my linked trade idea which turned out to be highly profitable.
Unless the channel is broken, the recommended strategy is to long this pair.
Long for long - term weekly observation XAUCADHello Traders,
Long opportunity under observation XAUCAD, R:R is approx 1 to 1.5+.
Your inputs on this analysis are highly appreciated, considering channeling and wxyxz wave concept.
Thank you.
XAUCAD turns back higher after hitting channel supportXAUCAD has been moving inside an upward channel since Jun 2013. If you measure in CAD, gold has been in a slow bull market for the past 4 years.
Prior to this time, the channel support was hit 4 times, in Dec 2013, Dec 2014, Dec 2015, and Dec 2016. (Coincidence?)
Now 2 weeks ago in early July 2017, XAUCAD hits channel support again, and immediately bounced back up. The long term structure still holds.
Unless the channel is broken, the recommended strategy is to long this pair.
Long Short Long....oh yeah!From the recent price action and oil rallies, I predict we should see gold ping-pong between support and resistance over the next few weeks.
GOLD/CAD XAUCAD H4: Approaching The Demand ZoneLooking to buy this market, here's why:
- the up trend,
- likely support at the potential demand level,
- a perfect match of the strong GOLD and the weak CAD, currently the former oversold and the latter overbought.
GOLD Looks weird. Maybe there will be an emergency incident. Because you can see. Vega stone have been go down.
GOLD | D | CAD BOUNCEGold correction priced in CAD looks like to be over according to this geometry.
Cheers,
Keops
To Understand Gold We Need To Visit XAUCADTo understand the potential move in gold FX_IDC:XAUUSD post-FOMC we need to take a look at this chart of FX_IDC:XAUCAD .
View Gold Differently XAUCAD preFOMCEverybody throws up charts of FX_IDC:XAUUSD , so let's take a look at FX_IDC:XAUCAD . What do you see preFOMC? I see a solid uptrend.
Bearish Bat pattern setupPotential Entry 1710.91
SL 1737.53
Tg1 1653.19
Tg2 1611.04
Notice the behavior of indicators i have used
RSI is consolidating around overbought
Macd 4c which measure momentum has a defined channel pattern which reassure the probability that price will fall.
Trade wit care
Rectangle BreakoutIt formed a clear and nice rectangle then price broke it and pull backed to test it now it's continuing to move in direction of the breakout.
