UnknownUnicorn163516的FX:XAUUSD的I prefer to Long Gold. But both directions are possible.

I prefer to Long Gold. But both directions are possible.

As you remember I have not entered Gold longs previously (last Gold's setup) because it came into descending channel. However, we could see that it has almost reached a bottom of the this channel. Good level for enter Longs. However, I do not recommend to open positions yet because we could see a false (real?) channel breakthrough.
NO TIME FOR LEVERAGES - we have to be prepared for price fall till 1140 area or much lower or rise till 1340+ level. My setup is based on a assumption that price returns to ascending channel. Could be totally wrong with it.
Be careful. Good luck everyone.

註釋

last Gold's setup:

Not going to Long Gold while it is inside of descending channel

取消訂單

Price is near to the middle of the descending channel. Doubt that it is going to falls more. I would prefer to close a trade and look future dynamics.

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Looks good, however NOT SHORT GOLD MORE (!). Could be really dangerous to short Gold now as middle of the channel was almost reached.

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Below a middle of the descending channel. Shorts looks reasonably now. However, always remember about huge risks of a trade.

註釋

Still being believer in Longs, however understand HUGE risks of the trade.

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Looks like Gold is not falling more, so trying LONGs carefully could be a not so bad idea. However, pay attention that dive below 1140-1160 or even below 1000 is possible. Not so sweet trade as it could looks like. RISK MANAGEMENT is a mandatory here.

註釋

Also pay attention that channel in Gold was broken down. So logically now to have short opened. Long idea based on assumption that breakthrough being a false one. Which could be completely wrong. So, once again - strong Risk management is mandatory here.

註釋

I am Long oriented on Gold, still believe in a setup. Last comment was about huge risk of this trade. Good luck everyone.

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Almost has touched a red square. A time for LONG-LONG-LONG now?

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I suppose that it could be a right time to add leverages to a Gold LONG-LONG-LONG position. //Not a recommendation, make your own strong RR otherwise you could loose whole capital.

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Good dynamics in Gold.

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手動結束交易

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good dynamics.

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looks nice.

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At a Red Line. A decision time.

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交易結束：目標達成