Different perspective on gold.

FX:XAUUSD   Gold / US-Dollar
Earlier we were hoping for a short term short knowing that the general trend is bullish .
We took 20 pips in the old trade and we have a new trade setup here.

We have a minor channel embedded in a major channel, I have already bought at 1317 .
I don't think its wise selling even if we do break to the downside but this scenario is quite unlikely.
you can either buy at this point if your a aggressive trader or wait for it to break out the minor channel before making a move.
Kommentar: going as planned, placing SL at BE
Kommentar: if you missed the train, you can long after the breakout of this line

Kommentar: retesting minor channel top of minor channel. going good so far.
Kommentar: 114 pips so far

we are still retesting the channel, we will go up if this breaks
Kommentar: we are back in the channel again, long till upper channel
Trade ist aktiv
Trade wurde manuell geschlossen: 160 pips

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thanks, I hope your on the pip train too ! , cheers ;)
newbie2016 Tradesmanship
yeah same train... :=)
awesome ;D
newbie2016 Tradesmanship
there are very good chances that gold can shoot 1348 and high on friday

yes, technically I see it going even higher then that because we have a bullish flag on the daily. I will keep my gold positions open till tomorrow and reopen again on Monday ;)
newbie2016 Tradesmanship
Here is my detailed chart.. I will post on my chart too.. i have buy from 1344 too and now 1318

we have the same view almost ;) once it breaks your neckline I think we will witness a nice big bullish candle.
newbie2016 Tradesmanship
infact it has bullish setups on lower time frames as well... so today 1337 will not act hard resistance but we have 1st resistance at 1339.50 and we will get some resistance from there to once more dip towards 1337 then towards 1348.25 next resistance.. and stiff one for today...
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