I can lose only 10 pips but can win 30
- Joined Feb 2019 | Status: Member | 1,413 Posts
Confucius: the man who broke the mountain was the same man who started ...
What is the action now in XAUUSD? 25 replies
Gold, is it right time to buy? 9 replies
Oanda now offers Gold and Silver 6 replies
DislikedI'm thinking it might be about time for gold to take a breather. Look at how far it has come since June: {image} Yields have gone lower and lower, it feels to me like this whole move has been overextended. I'm not calling an end to this bull run in gold, just that we might be entering a consolidation period in the near future.Ignored
DislikedGold right now is trying to regroup after a $10 drop over the last few hours. Buy limit order in for 1535.5. Looking for the bulls to come out and push to upper 1540s today. Check out some good dialog on today's action over at 4+1 strategy thread.Ignored
Disliked{quote} Gold is taking a breather right now. The SHFE exchange is on their lunch break. At the SHFE, they sold gold until pretty much lunch time. It's not uncommon for that same sentiment to return after the lunch break. Especially if they didn't have a good lunch. Here's a 15M chart of gold since the SHFE open. Heavy selling pressure. {image}Ignored
Disliked{quote} I'm talking about a higher timeframe. Maybe we get another week or two of upside, then a month where it consolidates.Ignored