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Goldbuy

20 reason for buy gold update 01/08/2022 1 Structure 12: bullish 2 imbalances: filled 3 Current Move impulse 4 Entry TF: h1 4.1 ETF Structure: bullish 4.2 move: bullish 5 Support resistance support at the h4 order block 6 FIB: trigger event Occurred 7-candle Pattern: spinning top 8 Chart Pattern: double bottom 9 Volume: Execution 10 Momentum: support at 40 measure by rsi 11 Volatility: lower band support Bollinger bands 12 strength: Adx sideways 13 Sentiment: buy 14 Final conclusion: buy at the point 15 Buy /Sell/Wait: buy 16 Entry: right now 17 Stop lose: 1637 18 Take profit: 1690 19 Risk to reward Ratio: 1:5 Excepted Duration: 2 days
OANDA:XAUUSDLong
by Optimum369
Gold breaks above 6 week trendlineCurrent price is above the six week valid downward slopping trendline (bullish); current price is above its very short term 13 day simple moving average (bullish); current price is above its 25 day minor intermediate term simple moving average (bullish); 13 day rate of change is above its zero line (bullish); 4 day rate of change is above its zero line (bullish); very short term AROON UP 5 day at 100% (bullish). Conclusion: LONG positions can be technically supported for short term price target at $1,735 and intermediate term target at $1,860 in extension with stop at $1,615.
SKILLING:XAUUSDLong
by JKnobel
Analysis of my 80 pip Gold Buy!Analysis of my 80 pip Gold Buy! Monday was extremely bullish. Huge gains were made. Very importantly too, gold closed above this massive trend line which started on August 25'th. These two reasons gave me look for more bulls today and buy up. I bought on the candle with the arrow. At first, it looked as if a double top was going to be formed. A push up, consolidation, drop down, Bullish harami, Large bullish candle followed by a doji. The Doji was a bit more confusing, however, I remembered the overall bias for today along with the trend line consolidation, and waited for a good chance to buy. Thankfully, I was able to hold it long. I originally picked an extremely far tp goal. I believed that if I held it long enough, I could make a lot of money. That faith helped me to hold for 80 pips. I've seen other traders trade for 80 pips and I believed that I could too.
OANDA:XAUUSDLong
by Shanktown