Just my opinion . Don't trade what others tell you , trade what you see on chart .
Price itself it's an indicator
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DislikedI got a chart from a website. so far so good. Shorting to 1310. good chance? thanks, some help would be nice hehe {image}Ignored
Disliked{quote} Okay, but maybe you should use more recent price action and adjust targets accordingly. Clearly this person did not think 1346 (or so) was a relevant resistance level affecting how one should forecast price movement, but even the guy who has repeatedly kept my bullish bias in check (Sun Trader) saw some significance in this level. I think it makes sense to be cognizant of what is happening (seasonal trade, JPM calls, break through 1346, etc...) when making a trade. That said, you may be rewarded. There is no telling. I would not personally...Ignored
Disliked{quote} All good points. Anyone who has followed this week knows that 1346 to 50 would have to break to safely even consider a short. If and only if there was a test to 1310/ 25 area, long will likely just re-enter. This week is closing out in the 1360's above my forecast. Would be great to see a hold in the 70's but rather it be below the high. Comex will stop trading in a few short hours then spot. not too far away.Ignored
Disliked{quote} Why short ?! Now we are in a strong bullish trend . Why not going with the trend ? I think only if you hold the position open for a very , very short time you can go short ( just for few dollars ) . Or only if you think it will be a major event in the world . Just my opinion . Don't trade what others tell you , trade what you see on chart .Ignored
Disliked{quote} Hence the term "naked shorts" and how badly they get f-d id they don't know what they are trading/doing/Ignored
Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a "failure to deliver". The transaction generally remains open until the shares are acquired by the seller, or the seller's broker settles the trade.[1]
Short selling is used to anticipate a price fall, but exposes the seller to the risk of a price rise.
In 2008, the SEC banned what it called "abusive naked short selling"[2] in the United States, as well as some other jurisdictions, as a method of driving down share prices. Failing to deliver shares is legal under certain circumstances, and naked short selling is not per se illegal.[3][4][5] In the United States, naked short selling is covered by various SEC regulations which prohibit the practice.[6]
Dislikedkindly explain yourself ! is it a technical glitch ? or are u euphoric about the US$5/- rise in gold ? or are u scolding me ? for what reason ? i don't think i have crossed any line . {image}Ignored