Now Gold can go both side.
After Market open we will see direction again with two criteria.
Important zone is 1517-1520 , I will open position after market show
Left Strong bullsih bias.
If Gold can stand upper 1517-1520 zone and break Green line we will follow to next res.
*** invalid when drop below red line.
Right - Bearish bias
Weekly TF : Shooting star
Lower TF : Double top + Descending triangle + Break down and finish retest trendline.
Target
- 1508
- supp. zone 1495-1505 ( 1502.2)
- 1483
- 1475 or hit Dot Trend line
**************************************************************************************
After two chart , you will see Gold , have many signal to drop.
for retracement (but Long trem trend still bullsih.)
Gold can go to new high ? maybe because of Trade war , news ,....
but no one can congfirm , I only trade when see which direction is more possibility to win.
It depend on yr stategy (day trade or ...) to trade.
Wait till market move after that I will follow again
After Market open we will see direction again with two criteria.
Important zone is 1517-1520 , I will open position after market show
Left Strong bullsih bias.
If Gold can stand upper 1517-1520 zone and break Green line we will follow to next res.
*** invalid when drop below red line.
Right - Bearish bias
Weekly TF : Shooting star
Lower TF : Double top + Descending triangle + Break down and finish retest trendline.
Target
- 1508
- supp. zone 1495-1505 ( 1502.2)
- 1483
- 1475 or hit Dot Trend line
**************************************************************************************
After two chart , you will see Gold , have many signal to drop.
for retracement (but Long trem trend still bullsih.)
Gold can go to new high ? maybe because of Trade war , news ,....
but no one can congfirm , I only trade when see which direction is more possibility to win.
It depend on yr stategy (day trade or ...) to trade.
Wait till market move after that I will follow again
Note
Gold open market open gap and now just drop for close gapI just buy entry sl red lline below
Note
After i buy profit around 20 and back to loss 50 pipsnow near break even.
Pls prepare to sell too.( If price can break red line support and cut loss long position)
because as i told more strong signal in sell when compare with buy signal.
Yes.
I still buy bias if price if above red line. and cut loss is break down.
Note
TF 15 Gold try to form inverted h&S , This bar pattern that i would like to see after this. Only market will know.Note
waiting so long now profit +40 pips( my daily small target )
partial close and move sl to be.
Note
Today Gold drop to hit sl at be .I check chart pattern , it still potentail to higher high.
so I re-entry in 1523-1525 zone sl same red line
Note
second entry in profitafter this please beware of trend line A & B
as shown in this image.
it may break up or down.
let follow them and trade with care.
Note
Good sign for buy if Gold can stand upper 1530 .
Note
80+ pips now ( if entry 1525 , someone buy on dip will get better cost )I lock my everyday profit and let's it run as it can
you will see 2-3 res.line hope can break.
Note
Hit TP1130+ pips let 's see it can break this res. or not.
If can go to next last green trendline
Note
200 pips and near Green trend lineif break this will see new high for 1600
I partial close more 25% and remain 25% of position
Trade closed: target reached
240+ pipsNice break out of Green TL.
Next target as show in chart. After this depend on your to close profit or Trailing stop.
after this I will not update this idea.
Hope u can enjoy 200 pips.
I will take a vacation till next Monday but I still online .
If I have a time i may post next idea.
or PM to me if you got profit from this.
Cheers
^_^
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.
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.