Panjang

Telah dikemas kini

Gold Rally's on the back of Heads 'n' Shoulders Pattern

Gold has recovered beautifully in the past hour or 2.

Very recently the push upwards relates to a bullish Heads 'n' Shoulders Pattern on the 1m, 2m, 3m timeframes.

* DYOR as well. Please don't rely solely on my investment advice.

Regards,

Chris

Dagangan aktif

Current pullback appears to be a fib retracement to 38.2% from recent rally on lower timeframes hns.

Dagangan aktif

A bearish M-top very evident on the 3m chart had also formed. Price should push back up shortly

Dagangan aktif

I bought again on that last pushdown....breakdown of the 38.2

Dagangan aktif

You will notice the 38.2 level holds say on a 1m timeframe for maybe 5 or so minutes. Often there is then a pushdown on the candle which usually represents a good time to buy.

Dagangan aktif

See how price springs back upwards after the M-TOP sell-off on the lowertimeframes. Factor in a perfect support of price at the 38.2 fib level top to bottom of most recent structure on lowerframe.
There is usually a break of structure of the 38.2 for 5 seconds. Bingo. There is your buy.

Dagangan aktif

Still Long... Gold price looks healthy with upwards momentum
I see that the USDX recently broke lower from a 5m triangle. This is good for Gold, of course. USD might head to $1 by friday.

Dagangan aktif

Another push-down on the 1m to a 38.2 into a buy order block.

Dagangan ditutup secara manual

Sorry guys... I got that wrong today. Sorry for the delay. I had to get short.

Dagangan aktif

Precious metals are recovering. Gold about to cross a bullish neckline on the 5m timeframe.
I see worryingly that the Vix Index is up today. The nonfarm revised maybe and the tensions with a possible ceasefire in the middleeast Israel etc.

Dagangan aktif

LONG XAUUSD: About to get a strong push up as 2506 is taken out.

Dagangan aktif

USDX about to take a new low

Dagangan aktif

Long Gold.... Take a look at USDX breaking down now. $1 here we come.

Dagangan aktif

We could get a Fib retracement back to the 50% or 38.2% from the last move up soon. 15m Stochastic is a bit overbought.

Dagangan aktif

Long Gold:
You can see here on the left 1HR chart how strong this hourly candle is and above the important 50EMA (dark-blue) on the hourly and now pushing up on the 20EMA (light-blue).
* 50EMA on the Hourly for gold is very important.
Thanks for visiting my channel today.

Dagangan aktif

Long: Fib retracement
It could wind back to 2506 (38.2%)...where you could scale in with a small order to buy.
*Trading is risky. Don't rely solely on my financial advice.
Cheers,
Chris

Dagangan aktif

LONG XAUUSD:

Price on the 1m chart & Fib retracement is mounting support around 2507.25 which you guessed it also the 50EMA on the 1HR. Price could fall back a bit lower with a liquidity run before price starts to ascend again
Cheers

Dagangan aktif

Long: It is very common for bullish W/bottoms to rally & then have a deep retracement, that is how I find it and I trade many of them.
15 Stochatics is getting oversold. So price should recover soon.

Dagangan aktif

Long Gold:
I see where the VIX index is up high today. I watch it closely. That way I don't have to listen to some news Squalk.

Nota

More to do with a possible ceasefire with Israel etc.

Dagangan aktif

Long: Gold:
That was a bloody deep pull-back. Good to see price back above the 50EMA on the hourly 2507.

Dagangan aktif

Possible Take Profit Scenario coming off this 5m W/bottom.
Guys, the take profit at 2516 would be a 0.38% increase in the Gold price from here. It may happen later in New York session. FOMC Meeting Minutes are out later today. This could have a bearing on the Gold price either way.
In the chart is the old - skool way to work out TP for W/bottoms and M/tops

Dagangan aktif

Daily Timeframe:
Guys, here is XAUUSD Daily chart. There's even some bullish Cups formed under price.

Dagangan aktif

Possible TP: 2516...up to you guys or accumulate the gold price.

That last leap in price is due to a Cup that formed on the 1m. There is a handle being written now.... so it is all bullish imo.

Dagangan aktif

Long gold:
We have come up against Double/Tops on the lowertimeframes, these ban be bearish if price action and buying is not strong. Price has momentum recently & I am hopeful we will push through pretty quickly.

Dagangan ditutup: sasaran tercapai

We made it to my project 2516 Take Profit. We bought right at the bottom in the W/bottom on lower time frames. USDX is turning around & looking a bit bullish for the next little while.

Dagangan ditutup: sasaran tercapai

1 final thought for today before I get some rest here in Australia. I've been trading 18 hours a day lately...
The USDX has turned around but it may roll over soon as seen here with an overbought 15 timeframe Stochastic... This could stage a late rally for gold.

Nota

You can see in the following illustration that when you factor-in an RSI with a Stochastic you get 2 very powerful buy and sell signals. They are more powerful on the higher-timeframes which is why I watch Daily & Weekly levels. But never listen to anyone who says they don't work. I was not watching properly at the time but I did mention just before the $ started to bounce back that there was some bottoming forming...see my earlier thread...its there. Here is that 15m RSI & Stoch. Notice what happens when both cross up the Green Lines respectively.
Cheers,
Chris

Nota

Same thing would apply to anything overbought. You would need the 15M RSI & 15M Stochastic (with the settings default....don't change anything) crossing down the 80 red line and 70 line on RSI. When this sort of thing occurs on High-time frames & especially the Weekly & Daily converging at the same down, you can ride for example currency pairs for days and days. It will work better on these big timeframes.

Easy_Explosive_Trading

Juga pada:

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.

Easy_Explosive_Trading

Juga pada: