Today (02/08/2016)... Dollar "Go Down" (around 137 pip) that make gold price higher ! Continue to play : => "Short" if price climb up to 1362.50 and take profit at 1357.50 for the 1st target and the second one should be 1355.50 => "Buy" at 1361.00 / Tp:1365-1366.00 or if the price "go down"... prepare to buy at 1357.7-1355.50 /Tp: 1365-1366.00 *** Stop Loss...
Small time frame => Observe "Moving Average" (Long Color Blue)
Set Breakout between => Buy at 1351.00 / and 1340.00 (Take profit 60-70 pip) Should be 1360.00 => Sell below 1345.70 / and 1350.20 (Take profit 20-30 pip) Should be 1344.50-1341.00 *** stoploss needed *** ;)
Rhythm of trading ! => "Sell" Enter point at 1355.50 / 1346.50 //// Take profit: 1341.00-1339.00 => "Buy" depend on **price rebound
The price seem to climb "up" to 1341.00 and reverse to the meeting point at 1335.00 and continue to go down to 1327.41 - 1324.00 or below => Prepare to "Sell" around 1341.00 / Tp: 1335.00 / Tp: 1327.00 => "Buy" above 13741.00 / Tp: 1355.50 or more at 1360.00 **StopLoss Needed** ;)
4H Time Frame + Moving Average to explain Trend more clear =>> find your enter point for both "buy or sell" Exemple =>>> buy above 1339.00 =>>> sell below 1327.00 ***Stoploss... Of course*** ;)
** Gold Price is going down to 1335.00 ** - Time to wait or make decision now for .."Long" ======================================= <<< if Go Down >>> - The price Stop moving at 1345.00 and going down expect price for the first target is => 1330.00 => 1325.00
Gold seem to climb up since yesterday and continue =>"buy" at 1335 or 1339.00 TP1: 1346.50 TP2: 1355.50 **Stoploss needed**