Gold Buy Target up to 1440

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Hourly Chart

Gold - Hourly Chart

4 Hourly Chart

Gold - H4 Chart

Daily Chart

Gold - Daily Chart

Preference:

Long positions above 1300 with targets 1350, 1380, 1440
Bought at 1322 S/L 1295 (2700 pips),
T/P-1 1350 (2800 pips), Risk 1:1
T/P-2 1380 (5800), Risk 1:2
T/P-3 1440 (11800 pips), Risk 1:5

Period of Time:

1 – 3 Months

Basis:
  • Double Bottom, Reversal Head-and-Soulders on H1 Chart
  • Repeated breakouts of low period Moving Avareges on H1 – H4 Chart
  • Double Bottom on D1
  • Aggressive monetary policies of Major Central Banks (FED, BOJ)
  • Over 1 Trillion of “printed” Dollars due to QE programm in U.S.
  • Market reaction on FOMC Statment form Sep 18. No Taper, Fed to continue QE at $85 billion/month
  • Policy of low interest rates
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About Author

Hi, Friend! My name is Gran Layson. I am an experienced currency and stock trader from Europe. If you want something to be done well, do it yourself, therefore often I feel myself as “Swiss Army Knife Man”. I am the Intomillion’s website administrator, developer ... read more

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