Disliked{quote} What 's happening with gold is really confusing.... will switch to learning mode....Ignored
if war in major oil/metal countries, gold up
else if physical demand up, gold up
else if paper demand up, gold up
else gold down
Trading Journal (only my take) 385 replies
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Disliked{quote} What 's happening with gold is really confusing.... will switch to learning mode....Ignored
Disliked{quote} not really, just consider this few points and u will be ok if war in major oil/metal countries, gold up else if physical demand up, gold up else if paper demand up, gold up else gold downIgnored
Disliked{quote} Hi Bro, so what is your sentiment for Gold?And how do you determine physical Gold demand and paper Gold demand? Some examples will be good. Thanks.Ignored
Disliked{quote} What 's happening with gold is really confusing.... will switch to learning mode....Ignored
Disliked{quote} currently OIL is oversupply so the IRAN/ISIS issue dont seem to have much weight on Gold china demand for gold during this traditional period dont seem to be picking up india government is hell bend on reducing gold import paper supply dropping after US bank start to pull out of the ETF market so overall i would suggest sell on rally, take it with a pinch of salt. not sure when hyper inflation will set in... but i doubt will be soon. even USA is facing deflation now. again take all this with a pinch of salt, being losing quite alot of money...Ignored
DislikedSell limit: 1213.5; SL 1223.5 ; TP 1203.5. Current price: 1210.xxIgnored
Disliked{quote} I was sleeping and couldn't close when it rose, stop hunting got me But we hit 1195,xx and strongly bounced off it. I will wait London to go long or even NY now its too high, or i would need a large stop And volume was very low on the rise, i'll wait for another test of 1200 at leastIgnored
Disliked{quote} If today can close in the area of 1207 above, today will register as "testing supply" day.Ignored
Disliked{quote} I'd like to see very strong volume then Usually Tuesday vol is higher than monday, but there is no big news for USD Asians screwed up the PA the againIgnored
Disliked{quote} Is it true? According to Tom Williams, test day doesnt have to be on high volume.. low volume test equally shows that supply has been removed and price can be marked up soon.. ?Ignored
Disliked{quote} That's true, that's what he said indeed. But i don't trade based on Williams principles I got my own method, and when i see a bouncing candle with high volume its buyers to me. I only trade high volume candles, i skip the low volume ones. It deosn't mean we have to buy, but it means to be cautious of buyers. Check m5 yesterday, from 1215 to 1205. At least 4 bouncing candles ending up in green, but it kept going lower. Price wasn't ready to rise, but it means we'll see a retrace up to these candlesIgnored
Disliked{quote} At the end of day, it'll always be about making money. Who cares what method you follow. At least I don't.Ignored
DislikedHad been selling from 1208 up to 1223 zone since last week. SL being at 1225 ( almost hit ) Load a decent amount of position. Targeting 1187, I have a supporting line at 1182. Lets see how the market goes. Daily Chart - Price bounce of from 89 SMA H4 chart - crossed above 89 SMA and came back down in two candles, holding since thanIgnored