I decided to close it. I dont have much equity and this trade was 6% account up. I'll wait for a pullback to buy again. Thanks @tush1822 for the tips!
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DislikedI decided to close it. I don't have much equity and this trade was 6% account up. I'll wait for a pullback to buy again. Thanks @tush1822 for the tips!Ignored
Disliked{quote} If you can mange the SL just bellow 1400, i think it will be alright. The Chinese GDP data is due on Monday. There are high chances because of the recent stimulus the GDP data will be strong which will cause Gold to touch back 1400 before it shoots upward later.Ignored
Disliked{quote} It also resembles a HVF [Hunt Volatility Funnel], though my theory is a bit rusty. Price has been compressed down to a very narrow range, at the top of a very strong Up Trend. I imagine the HVF crowd would be all over this! $1465 is just the beginning. Cheers, U2Ignored
DislikedDX MLY & DLY: Dollar rally may be ending? That would fuel a rally in GOLD?Ignored
Trade safe and have a pipful week.
Forgot to upload the images.
Dislikedguys, from your experience, does Core Retail Sales & Retail Sales move Gold price? Btw, i'm new in town. Just couple weeks trading. I noticed recently Powell spekaing and NFP moved the GOLD. Oh yeah, how a monkey like me doing trade is one thing but monkey is my name. little monkey actuallyIgnored
Dislikedcan do a bull leg towards 1484 over 1403/1389 but may not so direct as price may need correct below 1382 ( already down below & can be enough to UP though )/77 having limit down for up 1347 anyway last leg down or not likely last leg up towards limit continue. .Take care {image} {image}Ignored
Dislikedguys, from your experience, does Core Retail Sales & Retail Sales move Gold price? Btw, i'm new in town. Just couple weeks trading. I noticed recently Powell spekaing and NFP moved the GOLD. Oh yeah, how a monkey like me doing trade is one thing but monkey is my name. little monkey actuallyIgnored
Good luck fellow traders! Remember it's Sunday and a holiday in Japan. Expect liquidity to be a little thin.
Disliked{quote} Well my good sir, glad to have you aboard.SHFE is going to open shortly and it's going to be very interesting which way gold goes. I can't imagine the USD sell off continues. We should see downward pressure on gold prices, unless the USD keeps falling on these rate cut expectations. It's got to end at some point. 25 bp cut is all we are getting in July.
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Disliked{quote} yeah i'm glad that i'm opening up to gold . i need to learn how to watch for newsIgnored
Dislikedguys, from your experience, does Core Retail Sales & Retail Sales move Gold price? Btw, i'm new in town. Just couple weeks trading. I noticed recently Powell spekaing and NFP moved the GOLD. Oh yeah, how a monkey like me doing trade is one thing but monkey is my name. little monkey actuallyIgnored