Only Gold!

Quoting seaman2

Disliked

hope it does not go up from here I know what you are talking about. For me, helped to strictly eliminate market following when in position. Only 2 x per day at exact preset times inspect price and move stop if required. And recently i understand why. During position your blood pressure goes higher and it is no good for body. Therefore body ask you one or the other way to remove source of stress. One need to be active, do other things, especially during position. Anyway, thats how i do it but still manage to screw good position.

Ignored

Quoting seaman2

Disliked

thought will not revisit below 1400. Not in position though. i am now totally out of ideas re gold. made around $0 from gold last 2 weeks.

Ignored

Quoting ClockTrader

Disliked

{quote} If Gold is not found comforting above 1400 next week, it could be very very bad scenario for Gold investors :-(

Ignored

Quoting ronald_fsm

Disliked

{quote} As you predicted, gold is stay below 1400 level at closing of this week. Any idea about what happen next week. Thanks for sharing

Ignored

Quoting ClockTrader

Disliked

{quote} Firstly, I don't have a crystal clear picture right now. There are too many ifs & buts, I'll share it anyways. If the current fall continues, it could continue up to 10 - 15th of June. I cannot predict any levels but dates only. If it keeps going sideways for entire next week, I'll have a clear picture by 10th anyways. In order to shoot from current levels of 1380-90ish it needs to sustain above 1405 - 14015 around Mon-Tue-Wed. I'm completely in dark right now, I hope to have a clear view around 10-15th of June.

Ignored

Quoting ronald_fsm

Disliked

It's very hard for gold to stay above 1400. What do you think guys?

Ignored

Quoting Danny Maina

Disliked

{quote} Seem like Gold is facing a lot of pressure on the upside and hasn't made any new highs since last year sept. on the daily time frame. {image} Looking at it further, the reaction around EMA 20 has seen the PM fail to break and close above impulsively. the same pattern seems repeated here with a bearish engulfing on Friday. Well it may remain below this level, but this is subject to the results of Friday's NFP release.

Ignored

Quoting ClockTrader

Disliked

As visible in the chart image. We have witnessed last 7 days going sideways only. Its been on the edge. If I can't understand this, I would stay away until I can. I may miss the long train, but, its better than losing what I have. {image}

Ignored

Quoting seaman2

Disliked

I am still absolutely blank about gold. Made couple of bucks scalping gold but that's it. Now you use stop First trade must have been conviction one. I have these too. GL with your shorts. I will post my view when get one. I keep eye on gold stocks. They are tanking nicely. Not sure how to read this but sure it is not bullish for gold. Maybe, just maybe buying stocks instead may be better bet ?!?! If gold up stocks up more, if gold down stocks down less kind of logic.

Ignored

Quoting ClockTrader

Disliked

I go & wear shorts in the range: 1410 - 1425 with SL about 20 - 40 above. I hate to go short, but, after all the research, I don't see any other option here. I AM TAKING LIGHT & FEATHER WEIGHT POSITIONS ONLY. TP1 & TP2 may merge later depending on how it performs next week. I hope to share a possible loooong view around 15 - 20th of June. Please feel free to share your view/chart. Good Luck to All! {image}

Ignored

Quoting ClockTrader

Disliked

{quote} I lock (hedge) my shorts here at 1369 - 1380 which were placed around ~1410 This may be early, but, I wish to prepare for a bottom which is around or shall be visible by 19 - 20th of June.

Ignored