Trading Ideas
Is gold forming a cup and handle£
Wed, 21 Mar 2018 00:25:30 -0500
Hey guys Just a quick note before Fomc. Monthly looks like price is consolidating above TK with macd crossed up.Weekly kijun is holding so far and chikou in the past candles. Weekly kijun sen is flat and is a key level on this chart.Macd is crossed down though. Daily looks like a cup and handle pattern. price is in cloud but grinding lower with macd momentum dying. Keep an eye on gold . A sharp reversal, can take us to monthly kumo top. Hopefully tomorrow it can decide if it wants to go up or down. My bias is to the upside. Only thing concerning to me is gold is struggling to break this 1360 zone forever and hovering at these levels even with dollar weakness. If it wants to ho higher, it gotta break it soon . Otherwise, things can get ugly for gold. On a side note,I expect some pullback in the ST treasury yields tomorrow . The move is extended and swing wide now. This scenario can help gold. I'll post some bond charts alongwith some other charts on the weekend. Stay tuned. Thank you for the read. Happy trading
Tue, 20 Mar 2018 22:34:56 -0500
XAUUSD 1280 ££ OR 1350
XAUUSD Market Outlook
Tue, 20 Mar 2018 21:43:27 -0500
Mercury Retrogade
Tue, 20 Mar 2018 20:20:39 -0500
BUY LIMIT ENTRY - 1302.67 SL - 1295.00 TP-1330.00 TP - 1341.00 TP - 1357.00 Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels
Tue, 20 Mar 2018 20:08:21 -0500
Probably short players will not close positions by take profit 1300
FOMC : long trade
Tue, 20 Mar 2018 14:52:20 -0500
I will long when price under 1300 level to 1350 target
Bulls ready to strike
Tue, 20 Mar 2018 10:02:50 -0500
Following the historic pattern Gold is ready for a bullish series. SHort term though
Gold Long
Tue, 20 Mar 2018 09:30:02 -0500
Simple trade with a great risk reward. Triple bottom at 1300 level. Long from here with a tight stop at 1290. Rising wedge.
Let the Bulls Take over - History repeats itself
Tue, 20 Mar 2018 09:18:33 -0500
BUllish movement ready on Gold. Should be excellent buy opportunity until 1338.93 #GoldenBoyPips
Go long or Go Home
Tue, 20 Mar 2018 09:10:51 -0500
Gold is ready for the Buy of retrace and sell main down trend.
XAUUSD Bearish Price Strcuture
Tue, 20 Mar 2018 07:42:16 -0500
Yesterday Price movement to the upside and the bullish engulfing on the daily made me unsure of where price was going. After stepping away and let the market do it's thing, yesterday was nothing but a retest. As long as price stay below 1320, We will be heading to 1300.
Tue, 20 Mar 2018 07:35:36 -0500
-some minor mean rev support here (not on chart, trendline indicates) -this is quick, it either holds or not -scalp -if price rejects this TL then massive breakdown
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