Tuesday, September 12, 2017

Even though the price of Gold is showing some signs of recovery, by the closing time today there is some divergence between Gold, Bonds and DXY so filling the gap may lead to a medium term reversal below 1300. I'm saying this just to be careful and not be so excited with the possibility of reaching 1400 this year, geopolitical tensions will play a key role on this market within the next 2 months and will determine whether or not we end the year above 1300. I will stay long now at least until the gap is filled and then will tighten up the SL order on my long position to prevent a new sell off  from  finding me off guard like last Sunday. The majority of voters on the weekly poll were apparently right on the 1327 vote.
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12 comments:

  1. omar kSeptember 12, 2017 at 4:02 PM

    Thanks Cesar

    ReplyDelete
  2. UnknownSeptember 12, 2017 at 5:25 PM

    Thank you Cesar

    ReplyDelete
  3. SK MENUNGGANGSeptember 12, 2017 at 10:22 PM

    thanks, this week might end with 1370

    ReplyDelete
  4. ShaunSeptember 13, 2017 at 12:13 AM

    Thanks ceasar

    ReplyDelete
  5. UnknownSeptember 13, 2017 at 12:18 AM

    I am taking a break, only trading events , will track NK closely

    ReplyDelete
  6. ShaunSeptember 13, 2017 at 12:26 AM

    I have rehedge long 1346 short 1325.
    Trying to find a good moment to release
    Any suggestions Sirs ?

    ReplyDelete
  7. CesatoSeptember 13, 2017 at 4:33 AM

    Are you long @1346 and short @1325? What´s your equity? how many lots? how many equivalent ounces? What´s your account leverage?

    ReplyDelete
    Replies
    1. ShaunSeptember 13, 2017 at 9:43 AM

      Yes Sir.
      1 lot long @1346
      1 lot short @1325
      Equity $1260
      Leverage is 1:500

      Delete
  8. CesatoSeptember 13, 2017 at 10:10 AM

    Good, I guess you should stay there, it looks like the safest bet for now. One more question, how many ounces is 1 lot in your account? Just to figure out how quickly your equity depletes when it goes into red.

    ReplyDelete
  9. ShaunSeptember 13, 2017 at 10:28 AM

    100 ounces sir

    ReplyDelete
  10. CesatoSeptember 13, 2017 at 10:37 AM

    Ok, you gotta be so careful there. On the weekly chart there is a support around 1310 but it´s better to wait until outside markets stabilize. Everything else is going down (meaning EUR/USD and 10 YR BOND on price) and DXY is going up.

    ReplyDelete
  11. ShaunSeptember 13, 2017 at 10:42 AM

    Cheers Cesar,
    Will wait for your chart and signal to release the hedge.

    ReplyDelete

Disclaimer: This site is not intended to provide professional advice nor to lead users to either copy or follow the trades herein posted, it is essentially conceived to share thoughts and ideas for non-professional traders and become a non-official knowledge base for individuals interested in testing and improving their own skills in the spot Gold market.

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