gold advise

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 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.

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

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.

Thank you ahmed , thank you mlawson71

Gold may try to retrace some more to the downside, after it touched the 200 day EMA.

There's a breakout above 1110, I think it's more likely to continue rising. I think it might even reach 1150 eventually.

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.

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.

It's going to the upside.

Better check your weekly charts guys!!!!! Its almost at the top of its range. Should be headed down again very soon. JUST FYI.

It will probably revisit 1122-1125 on bad chinese dat, but then head for 1110-1115 levels again.

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.

Gold would be a good short right now back to 1130

Gold broke above 1128 and kept rising, next resistance is at 1150.

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.

Gold has almost reached 1180. I wonder whether there'll be a breakout above that. So much for it reaching 1000 for now.

It is at monthly resistance but momentum is strong. Who knows. It is waiting time.

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.