DislikedJust now it fell to DL of 1698.6 - where do you think the stop losses are set? What do you think is the line in the sand?Ignored
If I was long with a stop below 1700 I would probably have it at around 1680ish
Anything can happen.
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
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Successful XAU/USD traders 7 replies
DislikedJust now it fell to DL of 1698.6 - where do you think the stop losses are set? What do you think is the line in the sand?Ignored
DislikedThis chart is from 2 weeks ago. Frustrated "investors" have put me on ignore in this thread for posting opinions like this. This means that I am right. We have now reached the dotted median line which is also previous support, expect some support and some bouncing here for a few weeks but don't expect this to be the bottom.
I would not open longterm long positions before it has hit $20 again.
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DislikedJust until a few weeks ago, when all markets went down, GOLD was going up.
Today it changed.. Markets were all in red, but gold went also south. Strange.Ignored
Dislikediam out of my 2nd short at +6 pips. need to go now.
didnt want to leave the position open while iam out. the way the market is behaving best to stay out of trades.
so, all in all + 16 pips made in the last hour. earlier i had lost around 7 pips on my long which i had closed out manually (opened at 1742).
so , the total for today = 16 - 7 = + 9 pips.
hardly anything worth being happy about !
but there is always monday. expect for gold to rise up on monday hopefully catching some good pips on the way.....and recovering my losses from yesterday....Ignored
DislikedI usually see them push it to about 20-25 pips either side of the pivot/round number on FX pairs. I think in this case 1680-1675 would be my target if I was going for stops below 1700. Wouldn't suprise me if they pushed it down further.
If I was long with a stop below 1700 I would probably have it at around 1680ishIgnored
Dislikedaahh.....at last someone with some intelligence !
you should be here more often. we need members like you.
sonicdeejay...... nice to see you here also.
iam off....finally !Ignored
DislikedJust now it fell to DL of 1698.6 - where do you think the stop losses are set? What do you think is the line in the sand?Ignored
DislikedNo worries. Please don't take it as anything concrete it's just based on where I would put my stop if I was long and what I've seen of stop hunting around psychological round numbers. It could just keep trucking down in strong bear mode...
I ain't buying till the daily/4h shows big strong green bars. Sure I'll miss the beginning of the move but I'd rather that than try and pick the bottom and be wrong.Ignored
Dislikedon my chart 4H the PA would have to overcome 1743.9. Is that what you mean?Ignored
DislikedHi Traders
I am looking for LONG position on XAUUSD at around 1700 zone
The congestion of two Fibbonacci levels, Fibonacci extension levels, strong previous support/resistance area and also psych-level make me want to go for that.
So I am waiting till price hits my “entry zone” area and holds it s level to go long…
Nice 3% to grab if scenario fulfils…
Does anybody think the same way???
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Disliked61.8% fib retrace is 1650.9 (H:1923.2 L:1480.5)
That would give a DR of 105
DOnt think it will go that far.Ignored
DislikedSilver get slaughtered left and right for these two day.. near 800 pips ..
Any reason??
Kinda new to this stuff..
SonicIgnored
DislikedWhat is puzzling some people is that gold and silver are supposed to be considered the safe haven in times of panic. That’s a reason there was so much buying over the past few months. So some think that with even more fear and uncertainty since the FOMC the price should have gone up. But that’s the market..take it as it comes.
I think, like someone answered me before, that what we’re seeing now is people liquidating their gold positions to free up capital because of their equity losses. I think we’ll see another leg up in Gold just due...Ignored
Dislikedwell it may be seen as safe by many, but i for one have never shared this view......Ignored