This thread is about Gold/USD right now. 
- Joined Jan 2009 | Status: FREE ROSS | 1,585 Posts
Right now I'm looking for an entry point to ride Gold/USD up to 1335. 
- Joined May 2019 | Status: iTrade | 1,634 Posts
Right now I would not want to be long gold. There might be a big gap at the open. Trump says the US has ‘indefinitely suspended’ planned tariffs against Mexico after reaching a deal. 
We must learn who is gold, and who is gold plated
Right now I would not want to be long gold. There might be a big gap at the open. Trump says the US has ‘indefinitely suspended’ planned tariffs against Mexico after reaching a deal.
Given the headline I would have expected more to be honest.
Self-sufficiency is the greatest of all wealth. - Epicurus
- Joined Dec 2015 | Status: Member | 1,509 Posts
Right NOW...GOLD is retesting the area where selling (profit taking I believe) was absorbed by buying. The current buying occurring in this area RIGHT NOW does not appear to have enough volume to push prices higher.
I am looking for a pull back into the 1300 area (+/- 20 pts) to see if there is any real new buying interest by those who want to enter long.
I am looking for a pull back into the 1300 area (+/- 20 pts) to see if there is any real new buying interest by those who want to enter long.
Do more of that which succeeds and less of that which does not - Dennis Gar
- Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
Yeah, it is retesting
We will see what will happen in the next week, the trend might be set by the end of this week however, specially the second part of the week.
I would not be surprised to see it go into a downtrend (in USD prices so XAU/USD), but not for the other reason than to stronger USD, all other reasons, speaks in favour of gold (countries pilling up etc).
We will see what will happen in the next week, the trend might be set by the end of this week however, specially the second part of the week.I would not be surprised to see it go into a downtrend (in USD prices so XAU/USD), but not for the other reason than to stronger USD, all other reasons, speaks in favour of gold (countries pilling up etc).
Can you afford to take that chance?
CHEETAH LIVE TE Return This Year:
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- Joined Jan 2009 | Status: FREE ROSS | 1,585 Posts
Right now it looks like gold could sink another $20 with an easy 50% retrace. 
My dern broker stopped me out on this trade. 
Right now I'm long gold. Looking for a quick ride before NFP! Red lines are my stop/target levels. {image}
Right now XAUUSD continues to push down. There is an area marked on the chart that I will look for reversal opportunities all the way up to a potential gap fill, with partial profits taken along the way. Anyone else wondering about that gap?
"Only you can Make the Future you will be proud to be a part of..." -Me