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gold advise

Professor53h (Professor53h)
Feb 01 2016 at 08:14
23 posts
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!!
stian
Feb 01 2016 at 08:16
325 posts
It will probably revisit 1122-1125 on bad chinese dat, but then head for 1110-1115 levels again.

mlawson71
Feb 03 2016 at 11:49
1487 posts
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.

MagicalMan (MagicalMan)
Feb 04 2016 at 07:25
3 posts
Gold would be a good short right now back to 1130

Map out all your trades
mlawson71
Feb 04 2016 at 13:00
1487 posts
Gold broke above 1128 and kept rising, next resistance is at 1150.

Chikot
Feb 06 2016 at 09:34
2299 posts
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.

dianajs
Feb 07 2016 at 07:43
823 posts
Gold has almost reached 1180. I wonder whether there'll be a breakout above that. So much for it reaching 1000 for now.

Chikot
Feb 07 2016 at 12:40
2299 posts
It is at monthly resistance but momentum is strong. Who knows. It is waiting time.

mlawson71
Feb 08 2016 at 12:05
1487 posts
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.

Chikot
Feb 08 2016 at 19:03
2299 posts
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.


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.

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