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gold advise
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forumnoob

Member Since Apr 29, 2015  3 posts Qureshi (forumnoob) Jan 04 2016 at 08:41
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 .

mlawson71

Member Since Dec 11, 2015  843 posts mlawson71 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.

ahmed1809

Member Since Jan 27, 2016  3 posts ahmed1809 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.:)
mlawson71

Member Since Dec 11, 2015  843 posts mlawson71 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.

forumnoob

Member Since Apr 29, 2015  3 posts Qureshi (forumnoob) Jan 28 2016 at 13:45
Thank you ahmed , thank you mlawson71

alexforex007

Member Since Oct 11, 2013  600 posts alexforex007 Jan 28 2016 at 23:31
Gold may try to retrace some more to the downside, after it touched the 200 day EMA.

dianajs

Member Since Dec 09, 2015  432 posts dianajs Jan 29 2016 at 19:47
There's a breakout above 1110, I think it's more likely to continue rising. I think it might even reach 1150 eventually.

Chikot

Member Since Jan 14, 2010  2299 posts Chikot 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.

dianajs

Member Since Dec 09, 2015  432 posts dianajs Jan 30 2016 at 19:27
Oh, the trend is definitely bearish. It might climb a little higher than it is now, but it will start dropping again eventually. I actually do have longs open but I doubt I will keep them that way for much longer.

arigoldman

Member Since Oct 02, 2014  514 posts Ari Goldman (arigoldman) Jan 31 2016 at 21:53
It's going to the upside.

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