GOLD Forecast And Trade Idea 01-09-2018

As you know we have entered a LONG trade at 1.309 USD targeting 1.320 and 1.328.

We have hit our first target and waiting for the second target.

XAUUSD tested 1315 support and could not break below.

New LONG positions can be added from the current level.

TRADE: LONG

ENTRY: 1314

STOP: 1.300

TP1: 1.320

TP2: 1328

TP3: 1.332

TP4: 1357

Good Luck

Update: Trade reached the first target with 140 pips. 

We have 2 LONG positions. We have reached the second targets.

I have published my detailed analysis of GOLD and our first main target is 1.357. We keep our target in focus. As mentioned in our premium forecast our targets are higher than 1357.

I will keep updated and will publish an update for premium members. We are Bullish on Gold.

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Warning: All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases.

If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.

WARNING ABOUT TRADE IDEAS

  1. We enter trades on different pairs and we look for other trade opportunities. So we recommend you to enter trades with the smaller size.
  2. Do not exceed 10% margin.
  3. Stop Loss and Take Profit Levels are +/- 15 pips minimum.
  4. If we do not publish an update close the 40% of your position on the TP1 level and move your stop loss to entry level.
  5. Some trades ( especially with 300-500 pips profit target) can take 5-6 days to hit the targets. If you do not have patience, do not enter the trade.
  6. Our aim is to close each with week 2500-3000 pips profit minimum.
  7. If we mention as “pullbacks are buying/selling “ opportunities and we publish pullback levels, you do not need to wait for a signal from us. Use these opportunities at the mentioned levels.
  8. All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases. If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly

 

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