XAUUSD Long Part 2
Zaktualizowano
Here we are. Hopefully some of you profited on part 1. Gold pulling back on the good US data and the lack of geopolitical updates on the Israel-Palestine war. The war is still so gold is still a buy on pullbacks.\
Here are 2 zones I am still looking. I think the purple zone can still give some pips. I won't hold it long term if it hits the zone and will hope for a deeper pull to the green zone
Here are 2 zones I am still looking. I think the purple zone can still give some pips. I won't hold it long term if it hits the zone and will hope for a deeper pull to the green zone
Uwaga
Here is a better view
Uwaga
Both zone gave some pips. Purple zone wasn't perfect but it still gave some pips
Uwaga
Uwaga
Uwaga
I expect some profit taking at the red zone. If you got the balls, take a quick short them
Uwaga
don't be greedy and take profit at the purple zone
Transakcja zamknięta: osiągnięto wyznaczony cel
target reached on the short term trade.
The green zone buy... you do as you wish
Uwaga
This is why I said don't be greedy
Uwaga
This is the whole move from the green zone
390+ pips
Uwaga
Uwaga
580+ pips
Uwaga
650 pips
Uwaga
I expect some profit taking at the red zone before FOMC minutes
Uwaga
This level is important coming into the FOMC minutes. Will they remind the market that the Fed will be prepared to raise interest rate if it needs to. It could be a reason for market participant to take profit on their USD shorts. It is not a bad spot to take some profit on the longs and try a high risk short (if you got big balls)
Uwaga
80 pips profit from the high risk short
Uwaga
120+ pips from the short
Uwaga
Uwaga
830 pips
Uwaga
Anyone still in that trade, take some profit and leave a % of the trade in to be able to hedge the short. We will look to take a short risk free with the runner at that big red zone. There will be some sellers waiting there and we could profit on a short, risk free.
Uwaga
I personally think we will make an all time high on gold for a few reasons.-Market thinks Fed is done hiking and we could see some rate cuts next year -- bearish USD
-Seasonality on Gold in December and January is very strong
-We still have the Palestine-Israel war going on.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.