GBPCAD Swing LongIf you like this idea, like and follow me for more.
Analysis done on the daily/4H timeframe. I've drawn out some key support and resistance (S&R) levels, key supply and demand (S&D) zones, as well as a trendline. Price is currently move in an uptrend, and due to recent GBP weakness, price has come down to a good area to buy from.
As you can see, i've entered lightly above my S&D zone. I got confirmation for my entry due to price action but i shall be setting some buy limits further down into my zone should price come down so far (risk will be managed since the amounts of pip being risked at the bottom of the zone will be a lot less than from the top).
The key S&R levels will be used as target points. My long-term aim is to swing GC back to the top, but i shall be taking profits along the way.
Updates to follow, follow me to see them.
Gc!!
AC daily and yield this week push gold down yield and dollar index give gold bad zigzag in last 5 day
lets see gold futures last candels,trends exactly
60%=AC in coming week will turn green , in up fibo 61% is buyee target
in opposite side
40%=if gold break friday low can go to 1760 then fly up to 1850 then 1920
advice = until gold break low, looking for buy to hold min 1850 (with low size and sl in low) and buystop on 1813 trend line , if it break 99% we will se 1850 too
if gold break low , dont pick sell (gold main trend is +) , wait to near 1760 trend,to inter buy and hold it 10 day (sl=15.00$)
again ask you use low levragev,low size (per 1000$ 0.01 lot) and put sl in low !!! if you dont put sl or remove it 100% you will loss best world analyzer in 100 analyse , eat min 40 sl ,if you dont put sl 100% will margincall
note=on gold dont use martingle or scalp ,specialy on sell side dont use , if gold 50$ go down,100$ will go up(80% on gold are buyer)
22 july: gold want break pinbar low on daily chart then it can crash to 1770 (yield push it down)
prnt.sc
dont inter sell , put buylimit near 1770 with sl=1760 then go to sleep !!!! in gold dax dow nasdaq crash ,sleep better than inter sell ( thir weekly chart trend is very + up , they love up move ,so sell on them is stupid,very dangrous)
in 1770 and 1755 we will buy (buylimit) sl= low 1745
analyse gold for 20 july still pro big trader target is fibo 61% 1850 then 1920
alert=if pinbar low break(need powerful news) gold can crash (mini crash)
advice=looking for buy with sl under pinbar ,break low mean downtrend will start (above pinbar dont pick sell signals)
if you have old sells, 100% put sl high 1833 (or put 2*total sell buystop) break it mean up trend start, can shoot gold to 1920-1960 (never close hedge posation frist)
can we put sell in fibo 61%= no it can break easily , if you want sell ,you must put SL=6.00$ ,but we dont advice any type of sell until 1920
lets analyse monthly chart ,to find long term targets like proif you draw fibo on last down leg (green left fibo) fibo 161% show up target ok?
if you draw fibo on last up leg (red right fibo) fibo 61% will show ,downer target !!!
secret=gold love pullback to fibo 61% and fibo 161% as target
now analyse = if gold break low in 1760,can crash to 1500
if gold can break last high on 1820,can fly up to 2400
secret= high,low is very very very important on gold ,silver(other trendy markets like forex) , break high mean + up trend will start (for this you must put sl for sells on last clear high ) understand ? many day traders use 1 hour chart high,low
note= in zigzag markets like dax,index high,low not very important , break high on dax not mean + trend start, it can crash after break high
secret on gold ,silver= on trendy markets ,scalp or martingle (step by step buy) inter reverse posations is stupid new traders work = margincall ... you must find way to inter trend !!!! for example buystop on last high (sl=last low) , one of best way to inter trend and wait 4-5 day until new high (of fibo 161% on last down leg as tp )
gold in coming days (you must read my captions without hurry)if you have old sells,you must close all sells in monday (hold your buys 10 day)
in coming days we predict + up pressure , so in green arrow you must buy (sl=8.00$ trailstop=8.00$) and hold 7-8 day to new high
note=after trailstop work,move your SL to open price,disable it,,give time to price go higher reach red arrow
let see daily chart too , we have candell pattern(sell) and daily SMA200 in high with AC green(show + buyer and + trend will comes)
in 4hour chart ,price touch 1hour sma200(light green) if it break and 1hour candel can close under it,for many traders is sell signal
advice= dont pick sell ,looking for buy only (until low =1760 break ,trend is + ,each second can fly up)
predict= 50% posible gold startrange , wide zigzag days (w shape) ,for this we advice looking for buy in deep
SECRET= never inter buy or sell instant , better way is go to lower time frame(15 min) and put buystop on last high (4-5 pip above high) or wait last trend line in 15 min break to up then buy
GOLD futures: If the History repeats, this is our trading plan Today we will take an in-depth look at the Gold Futures chart.
On the main chart, we can see the Daily timeframe, and before starting with the analysis, we want to share the Weekly view + The similarities we are observing with the previous bull run of 2009
Current Weekly Chart
Weekly Chart 2009
Daily Chart 2009
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With all that clear, let's start with our analysis:
General View: We observe clear similarities to the conditions prior to a bull run using 2009 as a template. The main characteristics are:
-The price makes a New ATH after a year of Draw-Down.
-After the New ATH, a massive corrective pattern happens on the edge of the previous ATH
-The Bullish movement does not start after the breakout of that pattern. We have a smaller correction on edge, and the breakout of this last one represents the beginning of a new bull run.
Also, it is important to say that we use a statistical approach. What do we mean by that? If we are right with our view, we can reach a risk-reward ratio on this setup of at least 1: 5, which means that for every dollar we are risking, we are aiming to make 5. The key concept of this is that even after failing 3 times to catch the movement and succeeding on the 4th attempt, we keep having a positive expectancy on the trade. Remember that: Profitable trading is about positive expectancy, is not about crystal balls.
Ok, so what is our trading plan?
The main idea here is waiting for the correction to be finished. We think that the consolidation will keep moving on the current area at least for 70 days (currently 40 days). The specific pattern we are looking for is a double bottom inside the correction. Here you can check some examples of what we mean by that.
Suppose we observe this pattern (main characteristic: the 2nd movement that makes the double bottom MUST NOT SURPASS THE FIRST ONE). If that happens, we will set our bullish setup above the previous local high.
We will be risking 1% of our capital. THIS IS VERY IMPORTANT. We never risk more than 1 to 2% of our capital. By doing that, you take the chances of blowing your account almost to 0. And the chances keep improving in your favor if your style is Swing Trading.
Target? The main idea here is that when Gold starts trending is not a good idea to close the setup, is better to trail it using higher highs and higher lows as references. But as we explained before, our main idea is getting at least a 1:5 Ratio.
How long can this movement take? Let's assume we are right; the previous bull run lasted for 800 days almost.
And what if this setup fails? Two options here, Either we have a stop loss, or the setup is never executed. It would be logical to observe a bearish movement towards the next support zone.
Thanks for reading; we hope this can bring more clarity to your decision-making!
do you set your buystop sell stop ?US 10 year yield start + trend and going up , it push gold down , if gold can break high , in up we have daily sma200 and fibo 61%(many buyer target)
alert=after break big trend and high , dont pick sell(even in red arrow) ,looking for buy in low
tp=1886.00
if stop order open ,dont close it soon,give it min 3 day time (after 8$ profit ,move sl to open price) then let it goes
advice= in your trade platform ,hide downside box ,show open orders (pro trade never watch orders profit,loss, they inter,close posation only with chart signal,not by posation profit,loss)
you can on chart ,hide SL color too (in metatrader,right cklick on chart,in color menu,put SL color from red to no color) this help you eat sl witout emotion. help you dont remove sl
gold in box range let see stoch and AC on daily chart
they still show down trend can start
red dot line on chart =my predict about gold way (not for trade,only for info)
advice =buystop on big trend , sellstop in low (4-5 pip , little downer) , keep watching DXY and US10Y (despite dxy can go down, 10 year yield can go up , this mean gold can go down)
be patient, dont hurry up
ALERT= technical say gold can go down see trend line in 1740boys i dont say gold 100% will crash to 1740-1750 , but it can,may happend
why? becouse US yield have buy,will go up , this mean gold and naadaq can go down
in other side AC and stoch on daily chart turn red
be careful
in 1750 we will pick buy to hold 20-30 day
gold daily chart say :doji and red AC (accelator occilator) show us gold can go down (wave 2) to fill 1750 trend line
in comming days ,if gold can break high go to ichimoku cloud upper band
NOTE=i dont have any posation on gold for fair analyse , but near 1750 i want buy and hold 30 day
advice=,sellstop in low 1795 with sl=high ,,, buylimit on 1750 with sl=15$
gold futures GC1! open order by larg banks(broker) and fund money managers
prnt.sc
gold daily chart and DOJI AC and stoch now give sell signal , so gold must start down trend ,technical say this
if news comes and gold can break high and trend 1820 ,above scenario will cancell and buy signal will comes to fibo 61%
if you have buys on up , hedge them (size= 2*total buys)
buylimit on 1740 and 1705 is powwrful buy for hold long term
$1800 for Gold could be major support$1800 for the gold bugs seems to be a Goldilocks number. Recent support has been tested several times but a break out from the recent downtrend at first looked like a false breakout. If we were to take that swing high on this latest bullish move, the consensus target of $2000 should be easily met, even $2100 is doable.
For the likes of a royalty company the fluctuations in the metals is less relevant but a higher precious metal market does bring outside interest back into these assets, so the likes of Vox Royalty will be benefiting from the current appreciation in the yellow metal. They both have shown a swing low buy the dip from mid-June, so some correlation currently on show.
GC +1,100 Tick Bullish PushThe GC one hour time frame is breaking the
down trend line and is in a sideways range. It will
be a good idea to allow the market to break and
close above the small sideways range and give
a counter trend line break bullish in the buy zone.
Once or if the market does that. It will be a good
idea to use Fibonacci to help find the limits
Entry: Counter trend line breaks bullish in the
buy zone.
STOP: 1741.9
LIMIT: Next Fibonacci extension in the buy zone
Or Daily Up Fibonacci: 1922.4
As long as the market stays in the side ways
range and or in the buy zone. It will be a good
idea to turn to the five minute time frame and
to look for tunnel trader long / destination
trader long opportunities.
gold switch sell to powerfull buy trend today gold break yesterday high and red trendline ,this mean + up trend start in morning to 1820 then 1850(fibo 61% is in pro traders focus)
advice=looking for buy in deep , dont pick sell signals
note=daily sma200 is buyer target
if you have sell ,close it or put sl on today high or hedge it (lot=2*total sells)
today friday is NFP day NFP= Non-Farm Employment Change show employment in industrial , when it comes good show economy power , will move eurusd,gold to down , move up dollar index,dow,dax
30%=if gold break high ,can fly up to fibo 61% 1850
70%= gold by eurusd will go down,after 1740 touch,big buyer like funds will start buy ( larg banks(they broker like citi,deutche bank) have near 200.000 lot on gold futures GC1! )
ALERT=if big unexpected news comes, gold can break 1740 trend line,can crash to 1700-1680 support ,so 100% put SL near 1720 (after open,hold buy 20-30 day )
prnt.sc souce:forexfactory.com
predict= NFP will comes good, will push eurusd,gold to down,to trend line, from monday gold will start + trend to fibo 61%
good luck
despite today up move , be sure gold is sell to 1740dollar index and eurusd have high relation ship,,,they dont touch trend yet
eurusd must go down ,dxy must go up = gold will go down
dont inter buy , soon or late gold must touch black trend in 1740
USA 10 year bond yeild going up too =gold sell
dont allow 2-3 green candel force you buy , above 3 fact show big banks,fund trader,pro traders looking for sell on gold until 1740, after touch 1740 looking buy