Goldtrader
gold to crawl upbeen smashing gold over the past few weeks so lets hope this continues, I can see gold rising along this trend line on the 30min timeframe, I have take profits set at 1910 and 1930
XAUUSD LONGlooking for a 3:1 on gold buying at current market price risking 1% will add/ take profits on 1 minute chart
XAUUSD longas per yesterdays bias price held the 1900 price, took a shot at a short lost 1%, volume based bias is pointing to upside as 1925, and 1950 for potential targets first target would be 3:1 RR and second around 9:1. i play it like i see it, dont ever marry a position, dont ever try to be RIGHT, do what the market tells you or you will never end your day in the money, i can take 7 losses and 2 wins in a day and still net profit 2-5% per day.
Time to BOOK PROFITS?Ok, so GOLD just reached its first resistance! As I’ve been saying in my latest GOLD analyses, I’m bullish here, and if you missed my last analysis the link to it is below, and I invite you to follow me , and you’ll be updated of our trades and analyses. My TWITTER has a lot of interesting stuff too, that I can’t post here, so check it for yourself!
Everything is going fine with GOLD, it hit its first resistance and now we can expect some pullback. If you like faster trades you can book your profits if you want, and re-enter at the next sign, just like we did with UKOIL (again, link below). Now, it’s nice to take a look at the hourly chart for more information:
We see the price found a resistance at the blue line, which was quickly defeated by the bulls, and now it’s trading between the black and blue lines. I honestly expect a pullback here, and this zone is a strong candidate for that, so let’s keep our eyes open ! Now look at the weekly chart:
GOLD it’s almost negating this Shooting Star and may trigger a bullish pivot. That could lead GOLD to our dream target, around the U$ 1.8k as I said in my last analysis, when I showed you guys the monthly chart. So, in my view, it's worth to hold GOLD for a while, because it has a lot of potential.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
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compras para el xauusd, mantenerse en vista las fundamentales hemos venido en compras desde hace un mes en 1666.00
SPX/ GOLD Ratio Suggests Rally in Gold in Q1The SPX/ Gold ratio is looking like the rally in equities may be hitting it's head on some resistance.
The price action is driving closer towards the overhead trendline of the descending triangle pattern, this will be an interesting level to watch, as a rejection at these levels would suggest an easing in equities and a relative gain in gold.
It is my personal belief that a easing in equities would be relatively short lived, barring any abnormally negative news, as the markets are clearly in "liquidity driven mode."
In any case, it is worthwhile watching both gold and equities, as this ratio is suggesting that we may be about to see a Q1 selloff, accompanied by a Q1 rally in gold.
Gold shortGold seems to be holding above 1500, it's reaching area of resistance/supply zone which could be a good time for shorts.
Breakdown #GOLD #2This week could be very intresting and volatile week for #GOLD hope you all enjoy the video and great week for everyone.
