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Goldbuys

XAUUSD 1h analysis - potential buy opportunityLooking at Gold on the 1hour halfway through the current 4 hour candle, we can see price is rejecting the range we have highlighted. Should price close above 1966, if price creates a bottom wick touching the 1963 and below level, before moving back up and breaking it's own highs above 1966 we can take buys immediately based on the fact we have closed above a key level, grabbed liquidity and have the volatility to continue the move up. Should this play out I will be taking a trade at normal risk of 1-2% with stops below the most logical recent lows.
OANDA:XAUUSD
by FriesianFX
Gold W Buy Idea 5/20/23Gold is still at all time highs at the moment, so I am still not sure if it will go higher and break the previous month high (PMH)/the monthly high from 3/1/22 again OR break and retest this weekly (W) zone that it is currently playing in and go bearish again. I do know that there is a M liquidity zone + a W B (buy) FVG (fair value gap) right under where price is currently at. For the STRATers, The W has formed a 2-1-2d-Rev. So what I would like to see price do is break down to the W B FVG and bounce back bullish to hit the PMH(s).
FOREXCOM:XAUUSDLong
by cecedidit
Gold D buy idea 4/16/23Monthly is still bullish. Weekly just did a break and retest over the past 2 weeks. Overall I am still bullish on gold, so I am looking for price to continue bullish this week. HOWEVER last week did make a bearish engulfing on the daily. Meaning price could sell short term to complete the M pattern that the Daily candles are forming. Time will tell. So we will see what happens at market open. I am still going to enter a small lot for a buy to the 3/1/22 monthly high of 2070.46.
FOREXCOM:XAUUSDLong
by cecedidit
XAUUSD Long/Buy ideaGood Morning, to keep it short and sweet, we are looking for buys on the break of the previous candle high. I am taking a buy here in this scenario due to London open, HOWEVER, London Open is always a volatile and sometimes nonsensical time in terms of how the market will react. We need to play this carefully so don't risk too much. IT IS A FRIDAY! TAKE IT EASY ON THE TRADES! If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
FX:XAUUSDLong
by FriesianFX
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