A Golden Opportunity - GOLD (XAUUSD)

13 Apr 2020

Hello Friends!

What a crazy few months it has been! I hope everyone is healthy and staying safe out there!
Here is an idea on XAU so crazy it JUST might work.

You may remember last year, as gold traded just above $1400; our analysis pointed clearly to a MASSIVE move to $1696. Our target was hit with nothing short of perfection. View THAT analysis here:

With market conditions like this? Who knows what could be in store....
As I get more set up in my new location...you can expect more updates from me =]


Happy Trading. Good luck.



Idea fails if we drop back below the neckline...for now =)

13 Apr 2020

Catatan

Targets are golden dotted lines btw. Forgot to caption them.

14 Apr 2020

Catatan

Target 1 hit nicely, I guess now is time to wait and look for clues as to what happens next.

PS obviously $1888 is supposed to say target 3

14 Apr 2020

Catatan

Certainly, it would seem that the 4H says we retrace now. I wouldn’t be shocked to see a big stop run like 1565 area.

14 Apr 2020

Catatan

Sorry, I meant to say 1665* area

15 Apr 2020

Catatan

Okay, I will try a small long here, but beware the 1 hour turning into a false swing low

15 Apr 2020

Catatan

Looks like it might be good to go, just a nice small position here, would love to see it run through the NY trading session. Gl =)

15 Apr 2020

Catatan

I just can’t shake the gut feeling we could see a repeat of yesterday’s session run (green)

15 Apr 2020

Catatan

Alright, I would have liked to see the hourly close a bit more decisively, but that’s okay. Here is the set up we want, unclear whether or not we’ll touch the golden ratio