SageFXTrading

Gold - More Upside coming?

OANDA:XAUUSD   Vàng / Đô la Mỹ
Gold             has proceeded to push past the 1212 mark which, at one time, was very significant. It has continued its uptrend and at the moment is forming what could be either a double top or simply a continuation candle that will form a higher high.

Do have patience and wait and see, the NY rush hour on Monday will be very telling. Also keep an eye on the USD Index, If USD heads down, Gold             and EURUSD             usually go the opposite way. Choose one and don't over leverage.

I am biased toward the upside, as it is quite evident from the chart. Nonetheless, there is no absolute certainty in trading, so trade carefully and good luck to everyone!
Bình luận: Gold has reached 1230, there is a possibility of a quick short play, or if it breaks through the S/R and Fib line, then I will wait for a retest and go long. Will wait for clear signals.
Bình luận: Gold has broken the S/R Fib line, as of this writing, there is no big moves yet, so I will wait for clear price action to make any kind of a move. Short play did not happen.
Giao dịch đang hoạt động: Long 1230.00
S/L 1225
T/P 1250
Giao dịch được đóng thủ công: Gold did not move very much, which was what I was anticipating, in spite of the "big" drop in the dollar. To be on the safe side, I closed the trade at +237 pips.
Bình luận: Gold did continue on its trajectory after a day or two of sides ways action. For those of you who stayed in, hope you managed to get some pips.
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