Gold & Silver | Intraday Buy Orders | Market Entry | August 2019
Gold & Silver | Intraday Buy Orders | Market Entry
Buy Orders with Entry / Stop Loss & Take Profit levels
Markets: Metals | XAUUSD & XAGUSD
Gold & Silver have gone long ever since I spotted and shared the Fractal sequence.
This Fractal sequence extended in its duration, complexity and length, which signifies the fact that Metals are poised for more up-side ahead, before a larger degree contraction would occur.
Should you wish to catch-up on my work and how I was thinking back then, here are some articles, in chronological order.
- “Metals BUY Orders – XAUUSD & XAGUSD – Bullish Impulses | April 2019”
- “Metals Trading | Elliott Wave Structures | Q2 2019”
- “Gold & Silver | Buy Orders | Market Entry | May 2019”
Of course, these are not all, I’ve been feeding the Green Room members with constant updates, but also with some intraday orders, as the trends kept evolving into bullish momentum.
As the trends became more and more bullish for XAU & XAG, I started to look at the impulsive bullish sequence as an Extension.
Metals | Quick Analysis
I am labeling this Extension as the overshoot, with an Ending Diagonal scenario, accompanied by a Bearish Divergence.
Should this rise occur and then continue, I will then be gradually turning bearish, looking for a larger degree bearish contraction.
Metals | Gold & Silver | Buy Orders
XAU/USD – 2H Chart (picture)
XAU/USD – BUY Order – Market Execution
- Entry @ Market price (approx. 1533.00)
- Moderate SL @ 1510.00
- Conservative SL @ 1520.00
- TP @ 1565.00 / 1585.00 / 1600.00 / 1620.00
XAU/USD – 2H Interactive Chart
XAG/USD – 2H Chart (picture)
XAG/USD – BUY Order – Market Execution
- Entry @ Market price (approx. 17.77)
- Moderate SL @ 17.57
- Conservative SL @ 17.42
- TP @ 18.00 / 18.25 / 18.40 / 18.50 / 18.80
XAG/USD – 2H Interactive Chart
Safety Measures:
- Moving SL to beak-even when in the green.
- If looking for a better entry, waiting for an intraday correction, a bull flag, or momentum confirmation.