XAUUSD (Gold) - BUY Orders
Aggressive Entry @ Market Price (approx. 1505.00) with SL @ 1490.00
Moderate Entry @ 1495.00 with SL @ 1475.00
Many pips ahead!
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Aggressive Entry @ Market Price (approx. 1505.00) with SL @ 1490.00
Moderate Entry @ 1495.00 with SL @ 1475.00
Many pips ahead!
* If you like this idea, please support it with a LIKE so I can post more.
Trade active
Note
Stops placed at break-even. Risk is now 0!
Pfiu ... :)
Now let's see if we can make some money.
Note
Advanced stuff.Trade closed: stop reached
OK, so I got stopped at BE.NFP cause the spike, but FED caused the fall.
Note
The coming week will be crucial for XAU!If it continues lower in an impulsive manner, then a correction would pave the way for a big sell-off.
However, there are still chances for a "clumsy" continuation within an Ending Diagonal, should XAU manage to bounce next week.
* In case of a breach, then the lower trend-line would act as the rejection zone and the sell-off entry.
* In case of a bullish impulse, then the Diagonal would be in play and the 1565-1585 zone should give more signs for the reversal.
**Note that 1585 reflects Sep 2011 and Dec 2015 Fibonacci Retracements, the Golden Ratio 61.8%.
Let me know if you guys agree or like this view.
Many pips ahead!
Note
In case of a bearish continuation, I will be ready.Trade active
Went on an intraday long with XAU.Note
XAUUSD structure implies a bit more down-side before a bullish sequence.Important to watch how that one unfolds.
Note
Bullish divergence is definitely there, but the current intraday structure could reflect a triangle, making one more dip possible, then a spike on the up-side.Note
Possible more down-side as the last leg before a bigger bullish sequence.Note
Is the Fractal in the blue right or what?!?Note
Bullish Fractal looks promising.Note
Head & Shoulders coming, after the bullish swing.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.