Long on Gold, Showing some strenght,making higher highs and lows

٢٠ نوفمبر ٢٠١٧

Very good risk reward trade long on Gold. It is making a nice turn from lower lows to higher lows as you can see in this chart.
Target 1295 to 1305
Short stop at 1271. So low risk with high reward!

٢٢ نوفمبر ٢٠١٧

ملاحظة

Awesome, just awesome :) targets are almost in reach, I have put the stop higher

٢٣ نوفمبر ٢٠١٧

ملاحظة

I am almost certain this small H&S with target 1286 will fail. It is hanging to much at the neckline. If it does fail than and will rise above 1292 again, than i am almost certain it will go to at least 1305. If not than maybe

٢٣ نوفمبر ٢٠١٧

ملاحظة

Sorry wrong one :)

٢٤ نوفمبر ٢٠١٧

ملاحظة

Amazingly enough it is still satying inside this pattern :) Still looking very good and strong

٢٥ نوفمبر ٢٠١٧

ملاحظة

The last candle is not the greatest, but volume was very low on that one so you could actually ignore it. It seems to have made a bullish flag were the low point bounced of the buying support getting higher according to the blue pattern. My target is around 1305. And i expect it to get there this monday or tuesday. The stock markets indices also seem to be preparing to correct a bit downwards. That pushes gold upwards.

I will probably close my position if it drops below 1285/1284

٢٧ نوفمبر ٢٠١٧

ملاحظة

It almost looked like it would drop out of the pattern. It should reach 1300 within 2 days like i said in my last update