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gold advise

Qureshi (forumnoob)
Jan 04 2016 at 08:41
3 príspevkov
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
1487 príspevkov
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
3 príspevkov
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
1487 príspevkov
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
3 príspevkov
Thank you ahmed , thank you mlawson71

alexforex007
Jan 28 2016 at 23:31
774 príspevkov
Gold may try to retrace some more to the downside, after it touched the 200 day EMA.

dianajs
Jan 29 2016 at 19:47
823 príspevkov
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
2299 príspevkov
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
823 príspevkov
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
907 príspevkov
It's going to the upside.

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