{quote} me too getting bored London, NY, Tokyo, all scratching their asses thinking who will lead the breakout!! from 1310.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #48,062
- Feb 6, 2019 2:48pm Feb 6, 2019 2:48pm
- Joined Mar 2015 | Status: Trader | 1,439 Posts
Looks like its heading south.....Demand exhausted and bearish reversal pattern.
- #48,066
- Feb 7, 2019 1:59am Feb 7, 2019 1:59am
I'm looking for another SELL from here, but pretty sharp candle making me wait more. I am keeping the SELL from 1324 and my TP is on 1300 area, If I can take another sell from here would be great. {image} Maybe it's making a corrective structure here: {image} What do you think guys?
It can go lower to 1297 area
We can't control the sea, but we can learn how to surf the waves.
- #48,071
- Feb 7, 2019 9:14am Feb 7, 2019 9:14am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money
- #48,073
- Feb 7, 2019 9:25am Feb 7, 2019 9:25am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money
- #48,075
- Feb 7, 2019 10:03am Feb 7, 2019 10:03am
{quote}Sold from 1311 but was scary TP: 1298
I'm done with gold for this week, currently it's untradeable
We can't control the sea, but we can learn how to surf the waves.
- #48,077
- Feb 7, 2019 11:38am Feb 7, 2019 11:38am
Just sold again @ 1311 TP: 1301
Because:
1- If really it's ready to break this corrective structure; it has to make a little flag before breaking the line
2- It's going to test 1300 (at least) and today's sharp move up was because of the stock market drop
Because:
1- If really it's ready to break this corrective structure; it has to make a little flag before breaking the line
2- It's going to test 1300 (at least) and today's sharp move up was because of the stock market drop
We can't control the sea, but we can learn how to surf the waves.
- #48,079
- Feb 7, 2019 7:46pm Feb 7, 2019 7:46pm
- Joined Mar 2015 | Status: Trader | 1,439 Posts
My trade hit TP 1302. I close most of the order and let the rest run. I still feel Gold is bearish as long as the top of the head and shoulders highlighted in blue rectangle is not broken. Demand is exhausted as it has been climbing/holding up for weeks and any move up will most likely be a weak move not strong enough to break the top level and supply will over take demand. Also price below the pivot signifies bearish sentiment for the week I think it will be quite a long drop but I could be wrong. Lets see
