Hello Guys,
if i want to sell i will be very very careful,
this week we have NFP and tomorrow no changes expected in FOMC,
but it could still change the sentiment,
and to my estimate Sentiment is still not down as it should have been after 100$ Drop,
so i am out not trading gold ATM,
but if i want to sell i will look for 2425 and above,
and buy i have limit order set for 2360
will look for 2390-2400 again,
but sell i will wait,
you guys might be looking a small target,
which could be fine,
i never understood the 3-5$ moves in gold in 15M charts etc,
i trade in 4H and daily and that doesn't look bad to sell but again retracement is always better,
its funny thow a week ago some of FF members were taking about 2560 i replied to one post i still remember,
and now selling,
how they Shift from buy to sell and from sell to BUY in such a short term is not really my cup of tea but it may work for some people,
but 2500 is still an option if Middle east helps the gold and if it goes there i will be looking to sell at sep meeting,
but for now GOLD will be in range,
that's just what i see in charts,
Friday may help push it to 2430 hopefully,
nothing else i see this week,
its better to go with NZD it got too weak on China cutting rates,
just to clarify if im buying NZD i don't go with nzdusd, no no i try to find the best pair and looks like we have 2 winners,
eurnzd and gbpnzd,
both are over bought even at daily and Pound may get a good hit from BOE if they decided to cut the rates,
that will mean the erasing cycle has begun,
anyways that was just my thoughts on GOLD,
but Friday maybe i i will come back to gold not today or tomorrow even, It may drop 30$ and jump back 30$ on FOMC news nothing new but big boys go have their moments,
good luck guys.
if i want to sell i will be very very careful,
this week we have NFP and tomorrow no changes expected in FOMC,
but it could still change the sentiment,
and to my estimate Sentiment is still not down as it should have been after 100$ Drop,
so i am out not trading gold ATM,
but if i want to sell i will look for 2425 and above,
and buy i have limit order set for 2360
will look for 2390-2400 again,
but sell i will wait,
you guys might be looking a small target,
which could be fine,
i never understood the 3-5$ moves in gold in 15M charts etc,
i trade in 4H and daily and that doesn't look bad to sell but again retracement is always better,
its funny thow a week ago some of FF members were taking about 2560 i replied to one post i still remember,
and now selling,
how they Shift from buy to sell and from sell to BUY in such a short term is not really my cup of tea but it may work for some people,
but 2500 is still an option if Middle east helps the gold and if it goes there i will be looking to sell at sep meeting,
but for now GOLD will be in range,
that's just what i see in charts,
Friday may help push it to 2430 hopefully,
nothing else i see this week,
its better to go with NZD it got too weak on China cutting rates,
just to clarify if im buying NZD i don't go with nzdusd, no no i try to find the best pair and looks like we have 2 winners,
eurnzd and gbpnzd,
both are over bought even at daily and Pound may get a good hit from BOE if they decided to cut the rates,
that will mean the erasing cycle has begun,
anyways that was just my thoughts on GOLD,
but Friday maybe i i will come back to gold not today or tomorrow even, It may drop 30$ and jump back 30$ on FOMC news nothing new but big boys go have their moments,
good luck guys.
Don't compare your Trades with Others
4
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