GOLD whats next?

Leebax

Master Trader
Aug 16, 2019
123
57
59
35
Shots Fired- Shots Fired
Looking back at Gold again today. just woke up to the news that Iran have shot rockets towards a US military base in Iraq.

Naturally investors and market makers have moved their money into safe havens. The gold miners of Alaska will be loving this.

Thus pushing price above the 1600's. i cant see it trading below 1500 for a long time now. the bull is strong in gold , look to buy in pullbacks to demand areas.

Use risk Management as always as this pair will be highly manipulated.

Jut imagine if we bought the Xmas rally and HELD it, you would be rich now, hindsight is tough in Forex
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REB_FX

Trader
Feb 8, 2019
88
18
24
35
And then Trump spoke!

Daily looks like a big rejection and fake out, while the 4hr looks like a full retest of the support.
 
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pezza55

Trader
Dec 2, 2019
34
9
14
35
Shots Fired- Shots Fired
Looking back at Gold again today. just woke up to the news that Iran have shot rockets towards a US military base in Iraq.

Naturally investors and market makers have moved their money into safe havens. The gold miners of Alaska will be loving this.

Thus pushing price above the 1600's. i cant see it trading below 1500 for a long time now. the bull is strong in gold , look to buy in pullbacks to demand areas.

Use risk Management as always as this pair will be highly manipulated.

Jut imagine if we bought the Xmas rally and HELD it, you would be rich now, hindsight is tough in Forex
View attachment 15134
Great chart watching gold massive moves in the last few weeks
 

K_Robdog

Trader
Nov 2, 2019
77
18
14
38
Looks like your chart is panning out nicely so far. Will be looking for entry signs when price returns to around 1525
 

Leebax

Master Trader
Aug 16, 2019
123
57
59
35
Gold deceived everybody this week. It formed a small H+S on the 1H time frame and we had a bearish engulfing candle on the Daily time frame. i know alot of people were selling gold.

But low and behold the last two days have been bullish . I believe this could be a stop hunt to take out all the sellers before the next push back down towards demand areas. FOMC will certainly help this along if numbers are good coming from the US.

Looks like we could be forming a double top M formation on the daily here today. Great time to sell at the possible top with a tight ish stop loss and good R:R. Be careful and dont over leverage if you trade

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DT77

Active Trader
Feb 24, 2019
317
42
44
52
I'm holding on to it still, think there's room for another push up yet.....
 

K_Robdog

Trader
Nov 2, 2019
77
18
14
38
This is a tricky one, seems to be forming a symmetrical triangle. I may wait for a further indication before taking sides.
 

Zack King

Active Trader
Mar 4, 2019
130
26
44
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
i started trading more gold at the end of last year, i like ur analysis bro. learning a lot from you. thanks
 

sebking1986

Trader
Nov 28, 2019
41
13
14
33
Yeah still long for me. Especially with goings on around the world I can't see gold stopping going up for a bit yet.
 

pezza55

Trader
Dec 2, 2019
34
9
14
35
Gold deceived everybody this week. It formed a small H+S on the 1H time frame and we had a bearish engulfing candle on the Daily time frame. i know alot of people were selling gold.

But low and behold the last two days have been bullish . I believe this could be a stop hunt to take out all the sellers before the next push back down towards demand areas. FOMC will certainly help this along if numbers are good coming from the US.

Looks like we could be forming a double top M formation on the daily here today. Great time to sell at the possible top with a tight ish stop loss and good R:R. Be careful and dont over leverage if you trade

View attachment 15313
I recon your 1480 mark we will head for over the next few months
 

Leebax

Master Trader
Aug 16, 2019
123
57
59
35
I try to add value here for people learning and wanting to catch pips as they are studying. Back on GOLD , the last time i looked at this my suggestion was a double top , and a wonky M formation.
If you followed this and sold at the top which is basic trading then you would of made 385 Pips on gold this week alone. Its simple stuff guys. Sell at the high and buy at the bottom.
Whats next for gold/ Well i think its looking for some strong support before another push up on this long term bull run. It could find it around here where price currently sits, but we could also see another push back down to demand areas below, there will be alot of buy orders below. NFP friday too so will make this one move quite a bit. Stay safe out there, always remember risk management is a must
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