RileyEdwardsFX

Gold Weekly Analysis 1/28-2/2

FX:XAUUSD   Gold / US-Dollar
Over the last 7 weeks we have seen Gold             0.39% rally 1300 + pips to take out 4 month highs. Last week we saw the pair run into major weekly resistance at 1365 only to stall during the last 2 days of the trading week which included a significant daily rejection on Thursday's candle close. Price is currently stalling at minor support at 1345 which could easily be a possible bottom for the pair to continue on to make new highs past 1365 due to the weakness in the dollar. However, due to price being at significant resistance, I will not be looking to long the pair again unless I see a pull back below 1340. In the event that the price does come back below 1340, I will be looking closely for long opportunities anywhere in between 1330 & 1340, with stops being below the last reference daily low at 1324. Overall, I am bullish on the pair to above 1365 and eventually multi-year highs above 1400 but am awaiting further pullback before going long.
Kommentar: Price has now dipped under 1340 as I had expected. I am waiting further downside push to go long in between the levels of 1330 & 1335. Will be posting a new gold trade set up shortly.
Great post. Thank you for the idea!
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden