it appears to me gold is rangebound between levels 1600 and 1635. unless it breaks either of these levels, nothing much to shout about
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Dislikedit appears to me gold is rangebound between levels 1600 and 1635. unless it breaks either of these levels, nothing much to shout aboutIgnored
Dislikedwaiting to buy more when goes up 1630....
target unchanged, hmmm, maybe should look further up!Ignored
DislikedDunno how that stratgegy has worked for you in the past but IMHO break-outs in pm's often turn into a quick reversal (albeit temporary).....Have you thought of buying at support rather than when resistance breaks?
beebIgnored
Dislikedthanks for ur advice
but i am just a beginner and know not much about trading.
i dont look at support nor resistance, so i dont really sure whether it broke or not.Ignored
Dislikedgold stop at 1640 and will be flat area 1636-1639
but whenever can be drop $7-10 until closed market after gold up $21Ignored
Dislikedwhat on earth just happened to gold ?
it shot up almost 40 pips today ! golly miss molly !!
i honestly thought there was strong resistance at 1635-1640, and it would be hard for it to break through that for at least the next couple of weeks.
i was actually waiting to take a short trade at those levels. so i set a sell order at level 1638 and was out all day.
now that i have returned, my short order is minus - 20 pips !
what happened ??? does anyone know why gold shot up so fast ?
luckily i still have my original long trade...Ignored
DislikedWhy would there be any resistance if it's unchartered territory? Nobody is shorting gold other then a few retail traders desperately blowing accounts trying to pick a top here.Ignored
DislikedRight, what support can be found if nothing can be clear here? Gold should grow up till 100000000000000000000$ without any retraces, and only then people MAYBE begin to understand that something wrong with gold price...Ignored