Jump to content

Short term trade idea in Gold


PIA_First_IC

Recommended Posts

In regards to the PIA analysis, no representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result.

 

Link to comment
Guest Omar_NAMOUCHI

Hi Traders,

 

XAUUSD price action has retraced bellow 38.2% FIB (1321.6$) and near 50.0% FIB (1306.6$) area, we might see buy opportunity near 1301.5 $ area @ 161.8% Fibonacci-extension of the corrective strcutrure.

Gold has losted 52.3$ in the last 12 days with an average of -4.358$ per day since the 25/01/2018 where it was traded @ 1370.4 $,  

The big palyers will be back soon to the market.

 

Never risk more than 1to 3% per trade,

Best Regards

Omar

 

Gold_20180210_17.15.png

 

Link to comment
  • 4 weeks later...
  • 1 month later...

HI   Gold is still trapped in the ascending triangle pattern, while a break to the upside is more likely from the TA perspective gold is of course susceptible to sudden moves in response to geopolitical events. 

 

If able to clear this long term resistance there is a lot of space to the upside.

 

Spot Gold_20180502_19.19.png

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      22,989
    • Total Posts
      95,315
    • Total Members
      43,600
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    GEORGE1969
    Joined 23/09/23 15:50
  • Posts

    • In my opinion, higher lev is for scalpers only! For day or swing traders, either spot or lower lev is always recommended!
    • Just now, according to Glassnode data, the number of addresses holding more than 100 BTC has reached a four-month low, currently standing at 15,955.
    • Bitcoin and other major crypto experienced a dip in value on Thursday, erasing gains made earlier in the week. The decline came after the Federal Reserve signaled that interest rates would remain high for an extended period, with Bitcoin retreating 2.3% to $26.5K. Despite the bearish pressure,  the founder and CEO of Bitcoin joint mining company Xive,  Didar stated that the stagnant rate increase is positive for Bitcoin. He suggested that this could reduce the attractiveness of mainstream financial assets to institutional investors in the long term, potentially driving a new rally in Bitcoin's price. Major altcoins and exchange tokens also struggled on Thursday, with ETH changing hands at $1,585, down about 2.6% from Wednesday. Other altcoins such as BNB and BGB also experienced losses. Despite these challenges, some analysts believe that Bitcoin is likely to remain within its recent range between $25,000 and $30,000. Riyad from digital asset data platform Kaiko, noted that the market needs a catalyst to mount any serious rally.  What are your thoughts? 
×
×
  • Create New...
us