varietyjones
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varietyjones
XAUUSD still hoping for retracement
This is an update to my related chart (see link below) Update:Gold is rising quickly. I am still hoping for a retracement. I have updated my entry positions to:First Entry: 3023.365 which is in the middle of a new support level on the 1hour chart. Using Fib on the Bullish Pennant target, this entry is at the 0.5 level.Second Entry: 3012.392 which is within a support area as well. Using Fib on the Triangle target, this entry is just below 0.618 level.
varietyjones
XAUUSD small retracement then long
I see two outstanding targets from a previous Triangle and a Bullish Pennant on the 1hour chart.First Entry at 3,009.388 near 0.5 FibSecond Entry at 2,998.41 between 0.618 and 0.786 FibRisk to Reward: 3.15Gold remains bullish.In support:Name Simple ExponentialMA5 3020.87 Buy 3020.99 BuyMA10 3015.91 Buy 3016.22 BuyMA20 3007.51 Buy 3009.40 BuyMA50 2996.65 Buy 2995.01 BuyMA100 2972.48 Buy 2977.08 BuyMA200 2941.12 Buy 2953.95 BuyMarket Trading is risky. The above is just my idea and you should do your own analysis before comparing it with mine. Never risk more than you can afford to loose.Good Luck!
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