GOLD Bull

[Amina El Mehdi]

The scenario is not decided yet but at my daily chart the PSAR is bullish already.

 

[bigbax699]

Good morning all, got a little trade setup for GOLD . I was expecting price to fall back to the demand area near the trend line , but as we can see price has broken out back above the trend line . Looks like the bull may be continuing its course. So we are looking to buy back in if we get a retest of the break. It may be the case we don't get a retest of the break so will be looking to buy from the other area's of interest above zones. Mark your levels up and keep watching for your entry. GLIYF

 

[Amina El Mehdi]

Now i`m waiting the bounce and going in for sure. Thanks.

 

[GazFx]

Looking a bit like an each-way bet right now, but a cross-down in the gold ratio would trigger a buy for me. I think gold has plenty of upside potential, and very little downside. Central banks are buying up by the ton, inflation is igniting, the printing presses run furiously, geopolitical aggression, and did somebody mention debt?

Cheers!

 

[JimmyRozza]

Good morning all, got a little trade setup for GOLD . I was expecting price to fall back to the demand area near the trend line , but as we can see price has broken out back above the trend line . Looks like the bull may be continuing its course. So we are looking to buy back in if we get a retest of the break. It may be the case we don't get a retest of the break so will be looking to buy from the other area's of interest above zones. Mark your levels up and keep watching for your entry. GLIYF
View attachment 66856

Damn, I missed the monthly and daily supply zones. Wake up Jimmy

 

[bigbax699]

Good morning all, today I entered a small position on Gold . We got the impulsive move above the trend, then a drop back in price which looks like a re test. The daily candle wicked out to form a hammer which presented nice buying power. So I joined in for the ride hopefully. First aim is the supply zone above, but then I will hold for further possible movement. Fairly easy trade to take, zones should of been marked out from the last post. GLIYF

 

[Amina El Mehdi]

View attachment 66890

If it breaks the above resistance then will be very interesting.

 

[GazFx]

Fundamentally, gold prices should be heading upwards, but instead they drift side-to-down. My indicators say sell, so I am short for the time being, but I am monitoring closely in anticipation of the upside breakout...if it happens.

Remember, both gold and silver are subject to "huge" levels of manipulation by well known multi-national players, who like to dump large short positions on the market to bring prices back down so they can buy more. Is this a reality or a conspiracy theory?

 

[ForexWarrior2020]

It still hasn't broken the larger bullish trend so I would be keeping an eye closely. If you do go short have a relatively close TP

 

[GazFx]

It still hasn't broken the larger bullish trend so I would be keeping an eye closely. If you do go short have a relatively close TP

I have just placed a strategic stop-loss that effectively locks-in and guarantees a $185 profit if hit. This trade is now risk-free.