chartwatchers

GOLD - The range rider

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chartwatchers 已更新   
OANDA:XAUUSD   黃金現貨 / 美元
This idea is simple. It seems that the 2016 high will be the line in the sand.
As I posted a few hours ago in this idea I entered a long position at 1389-1391:

Target : 1440$.


評論:
I still have a range, but after the morning drop I see a triangle forming:
評論:
We were unable to tag 1383 two times in a row.
So this more and more looks like a triangle.
評論:
Following the triangle pattern. This bounce was nasty.
Almost everybody is short.
評論:
Powell's testimony is an hour from now.
The bounce was caused by currency movements
評論:
XAUEUR is bouncing too. +0,5%
評論:
It's just a guess but I think the testimony speech went out , so a few insiders already have read it and they started to buy.
If it is the case he will talk about the rate hikes at 16:00 Budapest time.
評論:
*** Rate cut
評論:
Very strong...
The dip was bought in the same hour.
評論:
FED minutes 2 hrs and 15 minutes from now.
評論:
Many' Fed officials said in June they'd be willing to cut interest rates if uncertainty still weighs on outlook, minutes show
Only a few FED officials argued against the rate cut in June - Minutes show.
Asia will buy this.
Path is clear.
評論:
評論:
Getting close:
手動結束交易:
Close enough.
Waiting for the next setup. Breakout from the triangle, or the lower trendline again.
評論:
We might get back into the long position soon, as it looks like a flag now.
評論:
Let's see what happens at 1419$.
評論:
Beautiful

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