XAUUSD Long Part 2
Here we are. Hopefully some of you profited on part 1. Gold pulling back on the good US data and the lack of geopolitical updates on the Israel-Palestine war. The war is still so gold is still a buy on pullbacks.\
Here are 2 zones I am still looking. I think the purple zone can still give some pips. I won't hold it long term if it hits the zone and will hope for a deeper pull to the green zone
Here are 2 zones I am still looking. I think the purple zone can still give some pips. I won't hold it long term if it hits the zone and will hope for a deeper pull to the green zone
บันทึก
Here is a better view
บันทึก
Both zone gave some pips. Purple zone wasn't perfect but it still gave some pips
บันทึก
บันทึก
บันทึก
I expect some profit taking at the red zone. If you got the balls, take a quick short them
บันทึก
don't be greedy and take profit at the purple zone
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
target reached on the short term trade.
The green zone buy... you do as you wish
บันทึก
This is why I said don't be greedy
บันทึก
This is the whole move from the green zone
390+ pips
บันทึก
บันทึก
580+ pips
บันทึก
650 pips
บันทึก
I expect some profit taking at the red zone before FOMC minutes
บันทึก
This level is important coming into the FOMC minutes. Will they remind the market that the Fed will be prepared to raise interest rate if it needs to. It could be a reason for market participant to take profit on their USD shorts. It is not a bad spot to take some profit on the longs and try a high risk short (if you got big balls)
บันทึก
80 pips profit from the high risk short
บันทึก
120+ pips from the short
บันทึก
บันทึก
830 pips
บันทึก
Anyone still in that trade, take some profit and leave a % of the trade in to be able to hedge the short. We will look to take a short risk free with the runner at that big red zone. There will be some sellers waiting there and we could profit on a short, risk free.
บันทึก
I personally think we will make an all time high on gold for a few reasons.-Market thinks Fed is done hiking and we could see some rate cuts next year -- bearish USD
-Seasonality on Gold in December and January is very strong
-We still have the Palestine-Israel war going on.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน