I love Gold Only

@AlbertoCo You are right, the price is moving currently in this range. Short positions should be closely monitored and longs can be held for some more time I guess. Difficult time to open new trades 😄

I have a short position with TP at 1,221. I might as well use the range, if possible.

lee42747 posted:
@AlbertoCo You are right, the price is moving currently in this range. Short positions should be closely monitored and longs can be held for some more time I guess. Difficult time to open new trades 😄

So, is it better to wait for this movement to pass a bit?

gels4 posted:

lee42747 posted:
@AlbertoCo You are right, the price is moving currently in this range. Short positions should be closely monitored and longs can be held for some more time I guess. Difficult time to open new trades 😄

So, is it better to wait for this movement to pass a bit?

It’s already passed, I think. Gold broke above the range and it’s rallying.

Yes, Gold trading metal is one of my favorite trading instrument! I basically use this volatile trading metal for news trading! By the way, right now I have more than 15 trading pairs into my live chart for real trading! The main advantage of using volatile trading instrument is, I get my daily trading target too early! Besides, I like to use GBP/JPY and USD/CAD!

I also love gold, you can earn big money, but there is also risk. What do you think about level 1350, I think it is a real level for gold.

I'm on the right page, I also love gold. Precious metal is not only aesthetically desirable, but monetarily valuable–especially in recent years. But does gold make a good investment or is it a waste of time and money? How has it performed domestically and globally?

-I read GOD, hahah

gold is the most difficult product to trade

I am a novice trader, and here I am interested on only major Fx currencies! Besides, I see Gold is very unpredictable trading instrument, it moves heavily! So, till now I have no plan with volatile trading instruments like gold! Basically, volatile trading instruments are only for the traders who have clear knowledge on Forex trading principles!

I think Gold will fall again to 1200 next week. The bearish trend is not over.

I like trading Gold when the price is under 1200, its a good trade in risky times.

snapdragon1970 posted:
I like trading Gold when the price is under 1200, its a good trade in risky times.

Me too, but so far it's still climbing and it's above 1200. The trading week is young though, it could still drop.

mlawson71 posted:

snapdragon1970 posted:
I like trading Gold when the price is under 1200, its a good trade in risky times.

Me too, but so far it's still climbing and it's above 1200. The trading week is young though, it could still drop.

Do you trade stocks?

traderfx3 posted:

Hi, I see that is a good point for someone who is starting. That is, once you know a few more about the fundamentals of the market you will be more attracted to the gold trade. I assure!

I agree with 100 %.

HI guys. Is there anyone following Elliot Wave patterns? I have studied gold for a few years and right now there is a strong Support level builduing up above 1220. In fact my forecast is that Price will resume the uptrend that started back in December the 20th 2016 and that retraced almost 50% from its highest level at @1295. I think price will probably cross over the 1236-1238 resistance level in less than 30 days from now. If that happens then the next resistance level at 1295 could be hit in less than 4 months. Hope you like this forecast. Do not trade this commodity unless you know how to use wise risk managing techniques because gold can wipe you off in a couple minutes.

yes i do

MHTRADING 😎

mlawson71 posted:
I think Gold will fall again to 1200 next week. The bearish trend is not over.

Yes, I also like to trade in volatile trading metal; but that doesn’t mean I trade only one this pair! In my trading I use overall 15 pairs! By the way, my strategy provides me more than 70% accuracy on gold.