Gold & Silver Intraday Buy Orders Market Entry August 2019

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.

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.

Many pips ahead!