Here's an update with the gold, (https://www.funds-money.com/gold-inched-lower/) U.S. gold futures edged down $5.90 and trades at $1,255.50 per ounce, while spot gold was marginally lower by 0.48 percent to finish at $1,255.40 an ounce, it added as much as 3.6 percent since May 9. What do you think will be the best step for it?
Gold is consolidating but I think it will rally again once the consolidation ends.
I am Long gold and am adding to my position during the consolidation. Fingers crossed for a move upwards!
According to the daily chart, now we are in a range, but I have just opened a buy trade in order to the intraday context (h4)! Here my initial target is 120 pips with 35 pips SL!
AmDiab posted:
According to the daily chart, now we are in a range, but I have just opened a buy trade in order to the intraday context (h4)! Here my initial target is 120 pips with 35 pips SL!
Why a buy trade, I am not seeing any signal for a rally?
HenritteC posted:
Here's an update with the gold, (https://www.funds-money.com/gold-inched-lower/) U.S. gold futures edged down $5.90 and trades at $1,255.50 per ounce, while spot gold was marginally lower by 0.48 percent to finish at $1,255.40 an ounce, it added as much as 3.6 percent since May 9. What do you think will be the best step for it?
Last Friday was outstanding! I opened a sell trade on the Thursday according to the H1 pin bar setup! Till now I am holding on that trade although I am with 125 pips profit! My initial target is 234pips (daily support level).
MeuLugar posted:HenritteC posted:
Here's an update with the gold, (https://www.funds-money.com/gold-inched-lower/) U.S. gold futures edged down $5.90 and trades at $1,255.50 per ounce, while spot gold was marginally lower by 0.48 percent to finish at $1,255.40 an ounce, it added as much as 3.6 percent since May 9. What do you think will be the best step for it?
Last Friday was outstanding! I opened a sell trade on the Thursday according to the H1 pin bar setup! Till now I am holding on that trade although I am with 125 pips profit! My initial target is 234pips (daily support level).
I think you an expert trader on Gold instrument! Well done! By the way, what’s the name of your trading strategy?
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