gold advise
Member Since Dec 11, 2015
1487 posts
Jan 05, 2016 at 07:20
Gold is still consolidating and continuing the multi-day range above the support at 1047. It's currently headed for the resistance at 1084. Unless there's a breakout above that level I'd watch for signals for a new move to the downside.
Jan 27, 2016 at 07:45
my advise is to open a position, even a master trader cant predict the market. just create yourown rule, there are several style that best to trade metal, thatis intraday, scalp or swing.. thats it. find rules and system that suitable for u. its not about being right or wrong or predict something to happen next(this impossible). if you find your suitable system that wins and loss ratio is great and you can accept and responsible for the drawdown, just DO IT..!!... you need track record on demo, to build your confidence. trading is not that simple as predit and trade..train your self tobe a warrior, not a PIG
you don't have to be right all the time, you just have to do the same thing for all time.:)
Member Since Dec 11, 2015
1487 posts
Jan 27, 2016 at 13:26
Gold did break above 1084 and reached 1122. It's currently testing that resistance - a breakout above it might mean that it will continue rising towards 1130.
Member Since Oct 11, 2013
775 posts
Jan 28, 2016 at 23:31
Gold may try to retrace some more to the downside, after it touched the 200 day EMA.
Member Since Jan 14, 2010
2299 posts
Jan 30, 2016 at 10:49
forumnoob posted:
i like to have advise from experienced traders,
will gold rise or drop and where should i open trade and put s/l and t/p
for upcomming 3 to 5 days.
and wish the community the best in trading .
Gold is in huge down trend on weekly. It is now in pullback / retracement mode.
Do not push the trade. wait. It might take far longer than 3-5 days and it doe snot mean that even then trade will work.
I am bearish on gold but waiting. Tried to go short lower but got out at BE. Now it is wait time.
Member Since Oct 02, 2014
909 posts
Jan 31, 2016 at 21:53
It's going to the upside.
Positivity
Member Since Nov 20, 2015
23 posts
Feb 01, 2016 at 08:14
Better check your weekly charts guys!!!!! Its almost at the top of its range. Should be headed down again very soon. JUST FYI.
Work Hard and Play Harder!!
Member Since Dec 11, 2015
1487 posts
Feb 03, 2016 at 11:49
Gold is still struggling to break above 1128. Considering the hanged man candlestick on the daily time-frame I think it will start dropping soon.
Member Since Nov 14, 2014
3 posts
Feb 04, 2016 at 07:25
Gold would be a good short right now back to 1130
Map out all your trades
Member Since Dec 11, 2015
1487 posts
Feb 04, 2016 at 13:00
Gold broke above 1128 and kept rising, next resistance is at 1150.
Member Since Jan 14, 2010
2299 posts
Feb 06, 2016 at 09:34
forumnoob posted:
i like to have advise from experienced traders,
will gold rise or drop and where should i open trade and put s/l and t/p
for upcomming 3 to 5 days.
and wish the community the best in trading .
I truly hope you are not short.
It is also a lesson in trying to force trades.
Member Since Jan 14, 2010
2299 posts
Feb 07, 2016 at 12:40
It is at monthly resistance but momentum is strong. Who knows. It is waiting time.
Member Since Dec 11, 2015
1487 posts
Feb 08, 2016 at 12:05
Chikot posted:
It is at monthly resistance but momentum is strong. Who knows. It is waiting time.
I agree. The resistance is around 1180 - 1185. I, personally, wouldn't open new longs before a breakout above that level.
Member Since Jan 14, 2010
2299 posts
Feb 08, 2016 at 19:03
My my. I pity those who went short and did not cover those shorts.
I was short few times but covered all and stopped even trying. it looked clearly that Gold as about to move much high. Frankly, I hate to pick tops and bottoms. it is not my game. I tried and won't do it again. Who knows, it might be reversal of the down trend. In this case I will be waiting for signal. still might reverse and drop to $1000. nobody knows what this thing is up to, but considering indexes are dropping and confidence is tanking Gold might reverse. It is second month up for Gold.
I was short few times but covered all and stopped even trying. it looked clearly that Gold as about to move much high. Frankly, I hate to pick tops and bottoms. it is not my game. I tried and won't do it again. Who knows, it might be reversal of the down trend. In this case I will be waiting for signal. still might reverse and drop to $1000. nobody knows what this thing is up to, but considering indexes are dropping and confidence is tanking Gold might reverse. It is second month up for Gold.
mlawson71 posted:Chikot posted:
It is at monthly resistance but momentum is strong. Who knows. It is waiting time.
I agree. The resistance is around 1180 - 1185. I, personally, wouldn't open new longs before a breakout above that level.
