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.