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XAU & XAG | Day Trading | Buy Orders | Nov 2019

XAU XAG Day Trading Buy Orders Nov 2019

XAU & XAG | Day Trading | Buy Orders | Nov 2019

XAU & XAG | Day Trading | Buy Orders | Nov 2019

Buy Orders with Entry / Stop Loss & Take Profit levels

Markets: Metals | XAUUSD & XAGUSD

XAU & XAG broke out of the 6 year “jail” and performed nicely towards new horizons, defeating all bears in their path.

The bull run was identified and shared with the following article:

Final stages of their bullishness were signaled, along with the coming correction.

Of course, right after that, the correction phase began to unfold.

Metals (XAU & XAG) | Quick Analysis

The correction has been identified as a Double Three, unfolding within a Descending Channel.

The last leg of Minor B (red) is needed in order for the channel to continue, and that represents an impulsive bullish swing.

Now that you know how it looks like, let’s dive into the actual trading!

Metals | Gold & Silver | Buy Orders

XAU/USD – 2H Chart (picture)

XAU/USD – BUY Orders

  • Aggressive Entry @ Market price (approx. 1458.00) with SL @ 1440.00

  • Moderate Entry @ 1455.00 with SL @ 1440.00

  • Conservative Entry @ 1448.00 with SL @ 1433.00

  • TP @ 1470.00 / 1480.00 / 1490.00 / 1500.00 / 1510.00

XAU/USD – 2H Interactive Chart

XAG/USD – 2H Chart (picture)

XAG/USD – BUY Order – Market Execution

  • Aggressive Entry @ Market price (approx. 17.00) with SL @ 16.65

  • Moderate Entry @ 16.95 with SL @ 16.65

  • Conservative Entry @ 16.75 with SL @ 16.40

  • TP @ 17.30 / 17.55 / 17.88 / 18.00

XAG/USD – 2H Interactive Chart

Safety Measures:

  • Moving SL to beak-even when in the green.

Many pips ahead!