GOLD whats next?

Leebax

Master Trader
Aug 16, 2019
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Looking back at gold again today. Since we looked on monday we saw it had formed support at the double bottom. Since then we have moved up over 100 pips. As documented i believe in the Xmas rally in gold. it looks to be on but the next part of the move will be the hardest to complete. We need to break above the stronger longer moving averages and the trend. IF it makes it through those then i think we will be making new yearly highs. Defo one to be in, im long and holding. GLIYF
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Leebax

Master Trader
Aug 16, 2019
123
57
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Good morning traders were back to start a new week. Im looking at GOLD again. NFP was on friday and was godo results, which pushed price down on gold back to the support level. Currently it looks to be holding at this level on the lower time frames. You can see were getting squeezed in this big triangle. I am still bullish bias until it breaks below this lower side of the squeeze. Were creating higher lows and higher highs. You can either have some slight risk and look to trade it now. Or do the sensible thing and wait for the break in direction, which either way it goes will be for a good number of pips so patience will pay. Good luck, lets all have a good week

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Leebax

Master Trader
Aug 16, 2019
123
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GOLD update today traders. We can see price is still respecting the wedge triangle. Once this breaks in direction then i think we will see some more big action movements on gold again. With all the world economic news going on its basically put gold in this sideways movement. Trade wars with us and china are a big factor, if something happens soon with that then its time to trade gold again. Right now its only good for the scalpers that trade the small range its in. Look for the breakout in either direction then go with it. risk management as always people
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Leebax

Master Trader
Aug 16, 2019
123
57
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Good morning traders. New week begins, volume still a little low, will be until new year. Hope everyone had a good xmas and is ready to kill the markets again. Want to look back at gold today as i was saying even way before december to buy the xmas rally in gold. Well it produced one yet again. If you look back on my post 4th of dec you can see where i called the double bottom. You could of bought and not had any DD really. Then the patience would of paid off big time with that 700 pip move upwards. Let that be a good lesson if you didnt catch it. Patience pays. Whats next? Possible mirror H+S or just a fall from supply above? i guess upcoming news events will tell us. Be safe out there with the low volume pairsScreenshot_10.png
 

Leebax

Master Trader
Aug 16, 2019
123
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Well well well. Looking back at gold today again and oh my how the Xmas rally has continued. From after the first week in December after i was saying to buy the Xmas rally we have now seen over 900 pips. What an incredible amount of pips just in a few weeks. i hope most of you caught some. Whats next now, will it hit my cross in the magic symmetrical circle? Or will we see a fall from the ever so close supply zone. Defo one to keep watch today and be ready to enter next week. Have a good weekend traders.
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pezza55

Trader
Dec 2, 2019
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Good morning traders. Its monday, new week begins, lets look at GOLD. Very interesting end to last week. We saw gold make a big move up and push through the short term downtrend we were in. Thus opening the door for more bullish action. The dynamic support from moving averages is now nestled underneath price and we could be testing the broken trend with support for another move upwards. But with it being a safe play from all over the world currently, it could go either way, especially with all the trade war news with china and the US. Patience is needed and risk management as always with gold. i will be bullish for this week, but NFP might say different by the end of the week. Be Careful out there
Gold jumped to new highs on friday and with all the us/ iran stuff going on this could have a huge impact on this pair. Great chart just shows where it could go!
 

walpants

Trader
Feb 10, 2019
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10
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hit your circle friday so what now? will it continue or retrace? i will be keeping my charts open tomorrow to find out
 

Leebax

Master Trader
Aug 16, 2019
123
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Back to normality, well kind of. First real trading week of January trading and the markets are looking WILD. going back to GOLD gain, the week ended and price finished in my magic symmetrical circle as predicted. Gold is looking like the best safe haven currently. Since the weekend price has gapped up to over $1580. Crazy movements, but where from here? I guess alot depends on the Trump situation with Iran. If these tensions continue to last then it will only be good for gold and continue to rise. Look to buy at the big demand/support areas is my opinion. Stay safe out there risk management as always81445060_10163071151680314_4418436460319866880_o.jpg
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Mike Shor

Trader
Nov 19, 2019
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Given what's going on I think we are going to see something of a bull run on Gold. Buy into dips!
 

K_Robdog

Trader
Nov 2, 2019
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I've missed the beginning of the gold bull run.... Do you think we will see the gap close before it takes off again?