XAU/USD GOLD Trading Idea IW20 (16/05/2017)

It is finally my first Trading Idea post after since in TradingView for more than 2 years :D

Let's start with the highly sought after GOLD 0.28% trade.

I am still watching the price heading towards the resistance level .
As there are strong greens bars in H4 timechart.

Looking to sell at around 124x area

p/s*
Just cautions for sudden more missiles launch from N.Korea !!

İşlem aktif:

It is headed to 124x level now.

Sell can be executed to test the pair.
Cautious for DXA USDollar further weakness !

Yorum:

If 124x resistance level break, next level would be 1257

Yorum:

Moving sell limit to 1261

USD is too WEAK :(

İşlem aktif:

A quick sell for retracement at 1261 level.

If a break here, we can easily see GOLD heading toward 128x level.

Good Luck

Yorum:

Retracement as analyzed !

TP should be around 1246 area

Happy pips-ing

**Be prepared for continued uptrend for tomorrow news

İşlem kapandı: hedefe ulaştı:

TP HIT 1245 area !!!

Enjoy the fruits :)