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XAUUSD 4H - LevelsEnd of day update: We saw a strong resistance at the 1830-35 region as we suggested in the KOG Report and managed to get a nice short into the 1815, 1810 and 1800 levels. We’re now removed a majority of the trade and set the stop to entry just in case we achieve our lower immediate target of 1785. We are now looking for a small push up with the first initial level being 1806-8 and above that 1812-14. . We want to see how the price reacts at this level and whether we face resistance. If we see resistance here we’re on for our target level of 1785 and below that 1777 which was a previous key level. We have illustrated what to look out for and the levels to trade between. Please have look at the linked chart which shows the range and how the price has now come back into the box. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
19
XAUUSD ShortHey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1802 zone respecting the bearish trend in combination with the daily strong supply zone. Taking in consideration also the bullish bias i have on USD after Fed Hawkishness and you already know the negative correlation between USD and Gold. As usual once we will receive any bearish confirmation the trade will be executed. Remember always to respect proper risk management especially with gold, because gold movements are violent comparing to forex pairs. Trade safe, Joe.
OANDA:XAUUSDShort
by JoeChampion
7
XAUUSD shortHey Traders, in the coming week we are monitoring XAUUSD for a selling opportunity around 1812 zone, once we will receive any bearish confirmation the trade will be executed. Remember to respect money management guys with gold. movements of gold are more severe than other forex pairs and using a wrong money management with commodities or indices in general will knock you out from the market easily. follow always the beautiful rule of investing, risk small aim high! Happy weekend, Joe!
OANDA:XAUUSDShort
by JoeChampion
12
XAUUSD analysisHey Traders, in the coming period we are monitoring XAUUSD for a buying opportunity around 1834 zone, we might see a pullback from 1865 zone towards more 1834 zone before the big rally into more highs probably! back then we might execute the trade if we receive any confirmation, in Monday our focus will be on the selling opportunity at 1865 zone respecting the descending trend in combination with the strong supply and demand zone. we will not risk a lot in that trades just few pips will be enough. don't forget that you should always respect proper risk management, especially with gold and commodities since their movements are more strong comparing to other pairs. always risk between 1-3% of your account so in the worst scenario you'll not get knocked out from the market with a losing trade. a lot of traders get knocked out from the market because they risk 30-50% of their account in each trade and in that sense 1-3 losing trades will kick them out from the market, but a reasonable trader that risk 1% of his account and aim high he will get knocked out from the market after 100 losing trades in a row and the probability for that is close to none, that's why money management is the key success to trading more than the other tools. thank you for reading my text with attention, always happy to help! Joe.
OANDA:XAUUSDShort
by JoeChampion
7