Intraday Trading Signals | Metals | Elliott Wave

Intraday Trading Signals | Metals | Elliott Wave (Aug ’20)

Market: Precious Metals
Symbols: XAUUSD | XAGUSD
Signal Category: Intraday / Swing
Direction: Bullish
Order Type: Market / Limit

(Entry / Stop Loss / Take Profit)

The following Intraday Trading Signals on Precious Metals have been been published in the “Trading Signals” section.

Precious Metals | Summary

Precious Metals (Gold & Silver) have been ramping the up-sides this summer.
The rallies have been sustained, unfolding as bullish impulses.

These bullish swings have been expected, as per the previously posted articles and videos.

“Trading Signals | Gold & Silver | Swing | Elliott Wave“
“Precious Metals | Market Crash Roadmap | Elliott Wave“

The larger degree picture points towards more strength, and after that the bigger fall.

XAUUSD (Gold) – Weekly Chart (picture)

The fact that the deeper pull-back did not occur yet, paves the way for the reversal sequences.
However, for such bigger drops to occur, XAU & XAG would need to retest and exceed the most recent highs.

Metals price actions are unfolding within consolidation and sideways movements.
This translates into the Wave 4 structure, therefore, more up-side would be in the menu.

Precious Metals have been showing contracting structures, and this results into Triangles formations.
In any type of scenario, the next swings should be bullish, even if the up-side will be limited.

The Intraday Trading Signals published below should be treated as an opportunity.

Intraday Trading Signals | Metals | BUY Orders

XAUUSD – 2H Chart (picture)

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Intraday Trading Signals | XAUUSD | BUY Orders

Aggressive Entry @ 1945.00 with SL @ 1900.00
Moderate Entry @ 1910.00 with SL @ 1870.00
Conservative Entry @ 1880.00 with SL @ 1835.00
TP @ 1985.00 / 2010.00 / 2050.00

Safety measure: when in the green, moving SL to break-even.

XAUUSD – 2H Interactive Chart
(click to open)

XAGUSD – 2H Chart (picture)

Intraday Trading Signals | XAGUSD | BUY Orders

Aggressive Entry @ 26.75 with SL @ 24.55
Moderate Entry @ 25.40 with SL @ 23.30
Conservative Entry @ 24.50 with SL @ 22.20
TP @ 28.45 / 30.00 / 31.50 / 33.00

Safety measure: when in the green, moving SL to break-even.

XAGUSD – 2H Interactive Chart
(click to open)

Ahoy my fellow trader,
Thank you for your interest in this article and the overall information I am proving.
Should you need any support or have any questions regarding the presented Wave Counts, please let me know.
I am most active and available via Telegram and Skype, feel free to shoot me a message.
As always,
Many pips ahead!
Richard

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