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gold advise

Qureshi (forumnoob)
Jan 04 2016 at 08:41
posts 3
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
Jan 05 2016 at 07:20
posts 1487
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
Jan 27 2016 at 07:45
posts 3
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
Jan 27 2016 at 13:26
posts 1487
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.
Qureshi (forumnoob)
Jan 28 2016 at 13:45
posts 3
Thank you ahmed , thank you mlawson71
alexforex007
Jan 28 2016 at 23:31
posts 775
Gold may try to retrace some more to the downside, after it touched the 200 day EMA.
dianajs
Jan 29 2016 at 19:47
posts 823
There's a breakout above 1110, I think it's more likely to continue rising. I think it might even reach 1150 eventually.
Chikot
Jan 30 2016 at 10:49
posts 2299
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
Jan 30 2016 at 19:27
posts 823
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.
Ari Goldman (arigoldman)
Jan 31 2016 at 21:53
posts 909
It's going to the upside.
New format of RSI reverse trading (Professor53h)
Feb 01 2016 at 08:14
posts 23
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
posts 325
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
posts 1487
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.
Ed Magic (MagicalMan)
Feb 04 2016 at 07:25
posts 3
Gold would be a good short right now back to 1130
Map out all your trades
mlawson71
Feb 04 2016 at 13:00
posts 1487
Gold broke above 1128 and kept rising, next resistance is at 1150.
Chikot
Feb 06 2016 at 09:34
posts 2299
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
posts 823
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
posts 2299
It is at monthly resistance but momentum is strong. Who knows. It is waiting time.
mlawson71
Feb 08 2016 at 12:05
posts 1487
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
posts 2299
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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