Good day everyone. Gold is back down to test the previously broken descending channel @1299, breaking this level will resume the downtrend after failing to break above 1313. I did book profit from 1303 to 1309 after having raised the SL order yesterday and I do not currently have an open position. I will wait for the NY open to see what the trend for the day may be. There seems to be no momentum to the upside however a comeback about 1306 would give some power to the bulls targeting 1319.
1291 - 1288 coming soon :)
ReplyDeletebut not that soon ;-)
DeleteLoool true back to sell from 1291 and above till we get there :)
DeleteAnd I reached my target :D
DeleteI´m glad to hear that.
DeleteGood Day Guys, Hope we get some clear direction without any GEO-Po interference today :)
ReplyDeleteHopefully so, News Calendar is very light until Thursday that GDP final will be released in the US.
DeleteDamn Iam waiting for 70 from last week sir plz advice got sell from 88 stupid thing I have done last week
ReplyDeleteKeep calm and stay focused, the market may turn bearish again, if it does not then think about closing your position, taking a breath and start it all over again, the longer you stay in front of your computer the lesser the possibility of getting the big picture. With regards to the 1288 position, just take it as a lesson learned, sell high, buy low.
DeleteI supposed yellen speaking tonight may cause gold to be more volatile.. something to watch tonight.
ReplyDeleteGold rarely moves significantly during the Asian session, I would better take a break to do some technical analysis and trade either during EU or US session.
DeleteSir. You mean it will bear and bull. Depends on the news from grandma Yellen today?
ReplyDeleteIf bear any suggestion in which range is good for entry?
For buy I know entry level on 1307 more better, do u agree?
Thanks Sir.
Is the overall market bear? or bull, in your view. What time frame do you usually look at in your charts?
Delete1303 is daily pivot and FIBO 23.3.. it is sticking as resistance of my short from 1313 to 1295 which is my S1 daily target
DeleteThx for the reply sir
ReplyDeleteI think I should close the POS as soon as possible I just wonder if I get near around 95 or 93 level so minimum losses
Keep it opened as long as the price stays below 1303.
DeleteIf below 1303, its mean bear sir?
DeleteCorrect
ReplyDeleteHow about statement from grandma Yellen?
ReplyDeleteSir, is statement from Yellen will make votality?
ReplyDeleteOn investing there are two type: gold and XAU/USD. Which one must under 1303?
GOLD is the futures contracts, We do Spot Gold which is XAU.
DeleteOk. Thanks. Focus on XAU hehehe
ReplyDeleteSir r u watching this speach and any hint sir
ReplyDeleteThe speech is not going to have an affect on Spot Gold directly, EUR/USD is down and Bonds (on price) are down, with the NK tone down as well Spot Gold will likely go down.
ReplyDeleteShe is not devoish any more in her speach
ReplyDeleteSir. XAU still down trend, i think its will continue go down tomorrow. Do you agree?
ReplyDeleteThe statement is flat, isn't it?
Sir Cesato, XAU will be under 1280?
Sir. XAU pullback slowly, what happen?
ReplyDeleteNK already in their border. Is it about news war again?