I love Gold Only

I did not run very lucky.

FiaJ posted:

mlawson71 posted:
I like trading Gold too, but some variety apart from Gold is also good.

Please include me in, Gold has a lot of uses. What I love about its uses was it has been part of my trading life. This link:https://www.funds-money.com/gold-valuable-metal/ has a good write-up about the true value of Gold. Impressive!

Thanks for sharing! 😄

camerongill posted:

ProfessorGold posted:
did any one bought ?? :)

Nope, I just sold gold for a few pips and got out.

Yep, I used that same strategy.

@mattx take shorts here @1165/1166 s/l 1168 tp 1158/1156 if you are in trading with me whatsap me thanku!

@obwen that's not a big thing as long as I can help 😄 If you can check this link as well: https://itrader.news/ this one has a good with ups about trading.

I preffer phisical gold, in hand ;)

I think that´s it´s real money, as silver, and probably like bitcoins. But no stupid papers.

I like trade gold mining companys ETF too... probably +1000% in few years.

ProfessorGold posted:
Professor Gold

Nice to know! Yeah, there have so many Forex traders who don’t like to us multiple trading pairs! Since, gold metal is very volatile trading instrument, that means it’s easy to rely on gold metal! By the way, I mainly use major currency pairs of market and don’t use exotic trading instruments in my trading because of high trading spread and low volatility!

Physical gold! Wow. What are the advantages of that? Surely it is more expensive and you've got to pay to keep it somewhere secure?

ilian1 posted:
I preffer phisical gold, in hand ;)
I think that´s it´s real money, as silver, and probably like bitcoins. But no stupid papers.

What do you mean by 'physical gold'? To trade the metal as a commodity futures contract? Do you think the liquidity will not be that much compared to the XAUUSD pair for example?

I think we are seeing a trend correction and if it breaks the 1190 support level, this may signify a trend reversal - good opportunity for those who like to go short.

Yeah, now XAUUSD is bearish but seems quite oversold. Maybe we can expect going up again soon.

I see a strong bullish trend on XAUUSD since end of last year, looking at the daily chart. I guess any bearish sentiment in the meantime was a quick sign for correction but it still goes up towards 1250.

NEEnah posted:
I see a strong bullish trend on XAUUSD since end of last year, looking at the daily chart. I guess any bearish sentiment in the meantime was a quick sign for correction but it still goes up towards 1250.

Yes, Nina, exactly! I have a long position on XAUUSD since 28th December and all is doing quite well. Not a big order, but still 😄

VickyJones posted:

NEEnah posted:
I see a strong bullish trend on XAUUSD since end of last year, looking at the daily chart. I guess any bearish sentiment in the meantime was a quick sign for correction but it still goes up towards 1250.

Yes, Nina, exactly! I have a long position on XAUUSD since 28th December and all is doing quite well. Not a big order, but still 😄

When trading Gold make sure that you follow the fundamentals (as investment heaven) and also making sure that you follow the USD news. As when we say Gold we actually mean GoldUSD.

Keeping in mind that US federal reserve hinted minimum 2 rate hikes this year and also 7.2 Billion to pay Deutsche Bank as fine to US government.

Email me if you want to have a full session trading about gold only. (I LOVE GOLD TRADING).

It's for sure very important to see the global fundamental picture in line with the technical analysis. Good comment! I agree with Nina and Vicky that XAUUSD is strongly bullish these days, especially when looking at it from a long term perspective.

Not the best time for new trades on XAUUSD I guess, as RSI, MACD and Momentum show controversial signals. Seems like in a range although overall bullish trend is sustained.

Well, this bullish trend will end soon I think. A lot of major news are to come and with US government making some “strange” decisions – XAUUSD will start its way down soon : )

Yes, could be but it is still going up now breaking 1240 😉

How much higher do you think it will rise? I have longs but I am not sure where to place the TP.