GOLD - The range rider
This idea is simple. It seems that the 2016 high will be the line in the sand.
As I posted a few hours ago in this idea I entered a long position at 1389-1391:
Target : 1440$.
As I posted a few hours ago in this idea I entered a long position at 1389-1391:
Target : 1440$.
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I still have a range, but after the morning drop I see a triangle forming:Not
We were unable to tag 1383 two times in a row.So this more and more looks like a triangle.
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Following the triangle pattern. This bounce was nasty.Almost everybody is short.
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Powell's testimony is an hour from now.The bounce was caused by currency movements
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XAUEUR is bouncing too. +0,5%Not
It's just a guess but I think the testimony speech went out , so a few insiders already have read it and they started to buy.If it is the case he will talk about the rate hikes at 16:00 Budapest time.
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*** Rate cutNot
Very strong...The dip was bought in the same hour.
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FED minutes 2 hrs and 15 minutes from now.Not
Many' Fed officials said in June they'd be willing to cut interest rates if uncertainty still weighs on outlook, minutes showOnly a few FED officials argued against the rate cut in June - Minutes show.
Asia will buy this.
Path is clear.
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Getting close:İşlem elle kapatılmış
Close enough.
Waiting for the next setup. Breakout from the triangle, or the lower trendline again.
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We might get back into the long position soon, as it looks like a flag now.Not
Let's see what happens at 1419$.
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Beautiful
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.