Is Gold (XAUUSD) going to make a Retracement? On screen analysis
I have been keeping my eye on gold for a while now and I suspect that we will see a Retracement coming next week. The Counter Trend Line has been respected for more than two weeks now so it's just a matter of time before we will see a break of the Neckline.
Remember, Patience is Key!
Remember, Patience is Key!
Nota
Even though there was a break of the Neckline Price didn't declined much further. I’m still patiently waiting... In profit ;-)Dagangan aktif
Trade is still active. I hope we will see a further decline this week. In the image below I drew the channel price is currently in.[img]
Nota
Last Friday we saw a break out of the channel as seen in the image above. I will wait till the close of today if Price closes outside the channel. If so I will close my trade.Nota
Because I use the Weiss trading strategy I slightly altered my channel. See image below. From this point forward Price has to make a Lower Low, if not I will close my trade. Or if Price closes outside the channel.[img]
Nota
Price have reached the next level of S/R! Still holding on...Nota
Price is heading to my Target Point <3Nota
I am thinking about taking my profits. Price is ranging and Momentum is turning up.Dagangan ditutup secara manual
Closed my trade yesterday, because Momentum shifted back up. Made some nice profits and will open this again if the overall Down Trend keeps intact.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.