Xauusd4h
XAUUSD Growth from the level of XAUUSD Growth from the level of
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XAUUSD possible longSo this trade is based on a monthly timeframe, and the fact the institutional trades are still holding huge amounts of long positions on Gold.
We can see that price has already bounced off from these levels before (monthly support), and retail trades are already lined up with lots of short positions from here.
Therefore this should be a great entry area to go long and make a new high, or at least make a run to the 2000 dollar price area.
Risk:Reward is quite okay, I'll go with a 1 to 3, but with a 1 to 1 has a much higher chance to stay in it for the long run.
Have a great day everyone!
Gold its not in a bullish flag!Gold changed trend since it topped in August, every weekly candle upside we have makes a lower top than previous ones, this is perfect example of change of a trend, meanwhile every upside move is rejected with bigger downside
DXY also still making a lower high since 2018, we will have a last upside move from dxy before it truly dies, target 110-120 , which will make gold fall to 1200 usd lower
Also retail traders keep buying every dip on gold, just a matter of time before a bigger drop now
Sell every spike up with low lots, hold till target 1200, you wont regret :)
XAUUSD Long IdeaXAUUSD Long Idea
Key Level
Global Uptrend due to Stimulus Deal
Local Correction from Low
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to our strategy.
Note- Our Last Idea on #XAUUSD_Short worked fantastic.
Thanks!
XAUUSD 25/11/20 IDEAIMO if during LDN gold breaks 1800, could go as low as 1770ish if it doesn't and breaks out back above 1813-1816 i reckon it will then begin the uptrend but may not have enough power to plough through all the resistance levels still has potential though, ill be keeping an eye on 1826, 1845, and 1880 and if it manages all those 1900s en route...
Drop your thoughts and any advice you may have!!!