Took two long trades on Gold and EURAUD, price action shows bullish rejection of a major weekly level for EURAUD, giving us an excellent potential gain and an awesome R:R ratio of over 3 times our risk. On Gold the overall momentum is bullish on the long run, there has just been a pause in the uptrend and price action suggests it could resume. Stop at 1386.58 giving as a potential gain of over 4 times our risk.
Going long Gold and Silver as both have been retracing. Given wider markets trends and flight to safety, temporary weakness on XAU and XAG are good oppportunities. Prices are printing bullish engulfing candles. Stop below recent lows.
Still waiting to reach other side of the range.
The Gold trade from last week looks pretty good with very solid bullish momentum. The target is around 1282, giving us a three to one prospect in terms of R:R.
Going long Gold (XAUUSD) on a Price Action signal. We have a bullish engulfing candle on an important support level at 1210. Going long, with a stop placement below the previous low. Risk is kept limited at 1% of my account, and since I am aiming for 1283.67 we are close to a 1:3 ratio. As I have explained in previous posts, due to mostly ranging markets, I will shift my trading style to a more versatile and hybrid strategy also based on pure Price Action. I will be trading on a separate account whose performance I will entirely share just like my other one using Myfxbook verified performance.
XAUUSD retraced yesterday. My gold trade has been stopped out
Long signal on XAUUSD tonight.
I got taken out on the XAUUSD long taken yesterday morning. Eventually the pair took the direct direction, but my stop was a little close (latest fractal).