Go long Gold GCM10 @1142 Sl 1137 target 1152-58
Dislikednow for two days, gold has been tryin to break off the resistance posed at 46 for next levels of 50/52 or may be further moreIgnored
DislikedI extended my short profit target down to 1138.7, moved stop to B/E @ 1144.2
Looks like it's testing the 38.2 fib level @ around 1142. If I had a larger account I'd have taken some profit hereIgnored
DislikedMade a nice test on the above mentioned levels. quickly sold off, then rocketed through resistance. Nice! I don't have any view for this week yet. I don't expect much of a continuation.Ignored
Dislikedhope you have taken some profit .... or got hit on SL....
well gold again takin a resitance on 60 ... lets see if it can brk 62 for further rallies upto 66/68/70 for near term ...
If it fails to cross 60-62 levels ... then we can see 54/52/47 levels ... but its lil hard to see that ...
i see gold now having range bound movement for some time ...Ignored
DislikedHere's my current outlook and present trade I just entered. Everything is explained in the graphic.
EDIT: I should note that I did not enter the trade at the price level you see in the graphic. It is always wise to wait for the sell off before the market opens, or inversely the buy off when the market is trending bearish. The best idea is to enter the trade itself just before the volume spike occurs. Regardless. I made my entrance at ASK price 1152.40Ignored
DislikedHere's my current outlook. Everything is explained on the graphic.
The trade I've made:
Sell limit at 1155.50, take profit at 1152.70 (previous low) and stop loss at 1160.10 (previous high).Ignored
Dislikedi would say .. push down your buying level a lil bit to 42 with SL to 37 and tp at 52Ignored
DislikedLesson learned kids, don't ever trade against the trend in the 4H charts.Ignored