VietnamGold
Short

GOLD - Retest of Trend Line

FX:XAUUSD   Gold / US-Dollar
Gold             is retesting the trend line that was broken down when gold             dropped to 1330 support level . Currently this support at 1330 holds and gold             is re-bouncing to 1340-ish. If gold             manages to close above the trend line , it will be a bullish signal. If not, gold             will likely drop further to the next support level at 1310. You can see the resistance area (red) is around 1342-1345. While the support zone (yellow) is around 1307-1310. I believe the downtrend will continue if gold             can't hold above 1350. Here is my trade plan:
- Sell limit at 1343.
- Stop loss above 1350 (on daily close)
- Take profit at 1310.

Stay Tuned !
Trade ist aktiv: Order was hit at 1343. If today price closes above 1350, I will exit with a small loss.
Kommentar: Gold did overshoot a little bit to the upside, 1357 to be exact but soon found sellers at that zone and has retraced to 1345. My trade is still valid. This is why you want to see a daily close today and decide if you wanna get out instead of having a definite stop loss at spot price above 1350, you would likely be stopped out already.
If today price closes under 1345, it would signal that price tries hard to climb back to the trend line but failed.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener 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