FUNTRADER-Vera

XAUUSD: PLANS FOR NEXT FEW WEEK

FX:XAUUSD   Gold / US-Dollar
966 1 25
Traders:

As chart shows, we are in the middle of wave 3 of gold's ascending channel .

The end of the wave 3 can b 1281(fibo 1.618) or 1318(fibo 2.0)which makes gold             finishing AB=CD .

In the last cases, gold             will be really finishing power of bull and start sideway or a straight down to a strong support, which is usually happen in March by tracing back the gold's movement habit.

Now in 1h chart, we noticed a breaking up of 1244.

As long as the support of 1240-1244 valid for gold             , gold             will touch 1281 or higher to 1318.

Here are the plans:

A. SHORT TRADE
EN:1256
SL:1266
TP:1246-1240
POTENTIAL RR:1/1 TO 1.6/1

B. LONG TRADE( I believe most of the traders are waiting for this tooo)
EN:1245
SL:1235
TP:1260-1280
POTENTIAL RR:1.5/1 TO 3.5/1

Less is more!

Kommentar: pls, follow the new channel right now .
Kommentar:
snapshot
Kommentar:
snapshot
Trade ist aktiv: 1261
Kommentar: much better than 1257
Kommentar: tgt 1: 1250
Kommentar:
snapshot
Kommentar: hey traders,

the best thing we want to happen to gold is that its will retrace back to 1240-1245.
But now, 1250 seems provide a pretty nice support for gold right now.
And before the Trump's speech, gold can take a ride on the rumur, no matter what the big guys going to say.

So i closed the short trade already, and make a long trade open.
Kommentar: hey, guys, does anyone believe gold will touch 1280?
Kommentar:
snapshot
Kommentar: long gold from 1253 till now .
Kommentar: long trade stop manually.
short trade in when hitt the highest and RSI div
Kommentar:
snapshot
Kommentar: our short trade from 1249 now make $15!
Kommentar:
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agreee 1000000 % same idea than me
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