Gold doesn't 'Need' a consolidation. It's worth however much people want it. The banks will keep buying until it not worth more than a bunch of very weak currencies, which may be 8k an ounce for all we know.

Gold

Be careful guys. Banks can still snap the price back down again to trick more sellers. Never know when a liquidity sweep will end.

Gold

Lovely liquidity sweep. Buying hard.

Gold

Yeah, thats what i'm saying... It's an after the fact thing. If someone draws a position on a chart with a profit at 500 pips and a stop loss at 100 pips, then states it is a 5:1 risk/reward, then they are talking bollocks. The market might hit the ...

Gold

These are hilarious. People believing that simply putting their 'take profit' 5 x further than their stoploss, somehow gives them a 5:1 success rate. Risk v reward is absolutely impossible to measure, unless you know exactly where price will go ...

Gold

Not trying to be condescending, just trying to stop others spunking away their cash on the rubbish that affiliate salesmen tell them. I've been a full time trader for a few years now, and I know for a fact that those things simply don't work/exist. ...

Gold

Looks like yout first TP came right away

Gold

I'm not disagreeing with you. You might be right, and maybe gold will reverse at some point soon. I don't personally think so, but nobody is always right. This is the reason you should trade what IS happening and not what you think will happen.

Gold

You are correct that flexibility is important, but we are also not the ones moving the price. doesn't matter how many sellers there are in the gold market, if the big banks want to keep taking the price long, they just absorb the losses of all those ...

Gold

That's not the issue. Big banks and institutions, plus individuals all buy gold as a safe haven when there is turmoil around the world. Look at all the current conflicts, then look at when gold started its big bull run. These thing coincide ...

Gold

Ukraine, Taiwan, China, Iran, Palestine. You need to to go on?

Gold

Those selling in a bull market are the gamblers.

Gold

Yep, Nice bit of manipulation against the news.

Gold

Haha, hilarious. I called out ICT as a fraud a few years back. shame most of you are still following him

Gold

Believe me, I know far more about trading than you do. Looking back through your posts, it's clear that you are in the 95% who believe in trendlines, support and resistance etc. The rubbish I abandoned 10 years ago when I was a consistent loser.

Gold

Agreed, please don't bully someone like her. She is encouraging everyone to sell gold in a bull market, providing great liquidity to my stream of winning trades. Let her keep it up please.

Gold

So.... over 1000 pips in a day huh? Even the most aggressive news in history has never managed that before.

Gold

Which long wick?

Gold

The value of a commodity doesn't care about your levels or ADR records. If people are buying it, it will keep going up, that's all you need to look at.

Gold