Wednesday, September 27, 2017

Spot Gold continues its move down aiming for the long awaited first target @1282. I´m keeping the short position that I opened @1297 SL @1302 for now. Bonds and EUR/USD are supportive of the short term and medium term trend.
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27 comments:

  1. HighseasSeptember 27, 2017 at 7:07 AM

    I entered a bit late, waited for a break below 1289, entered to what i feel not a good risk/reward ratio. SL at 1296, TP at 1282. will think twice before I do this again. i hope it sticks out at US open

    Its really nice talking to and participating with you guys

    ReplyDelete
    Replies
    1. CesatoSeptember 27, 2017 at 7:29 AM

      Good, what counts here is that you already have one more lesson learned.

      Delete
  2. HighseasSeptember 27, 2017 at 7:19 AM

    as 1278 is next, will you trail your position or close and re-open?

    ReplyDelete
  3. CesatoSeptember 27, 2017 at 7:28 AM

    I will take profit and reenter short on a corrective bounce up.

    ReplyDelete
  4. UnknownSeptember 27, 2017 at 8:09 AM

    Sir. Thanks for your info. Amazing.
    By the way, it will corecction until which range?
    Thanks.

    ReplyDelete
  5. CesatoSeptember 27, 2017 at 8:12 AM

    I don´t know. Probably to the previously broken support @1289

    ReplyDelete
  6. UnknownSeptember 27, 2017 at 8:23 AM

    Sir still waiting for below 80 level plz guide

    ReplyDelete
    Replies
    1. CesatoSeptember 27, 2017 at 8:34 AM

      Your charts are your best guide, what do you see on your charts?

      Delete
    2. UnknownSeptember 27, 2017 at 9:01 AM

      Thx sir but Iam not getting it's telling get out at 81.50

      Delete
    3. CesatoSeptember 27, 2017 at 10:51 AM

      And did you get out?

      Delete
    4. UnknownSeptember 27, 2017 at 9:27 PM

      Morning sir
      I dint as waited for trump speach wat u suggest sir

      Delete
  7. HighseasSeptember 27, 2017 at 9:16 AM

    pending sell set at 1289.25, 1st target 1282, second 1278, 3d 1272. will decide to either TP or trail when it reaches 1282 again.

    ReplyDelete
  8. HighseasSeptember 27, 2017 at 9:17 AM

    tomorrow is a huge news day, I don't know how to trade the news, i might do as always and get out of my positions when i can prior to news...... what are your thoughts?

    ReplyDelete
    Replies
    1. HighseasSeptember 27, 2017 at 9:19 AM

      oh my! and dont forget about trump speaking later today

      Delete
    2. CesatoSeptember 27, 2017 at 10:50 AM

      It depends on the close today, you may just lower your SL right before data release.

      Delete
  9. UnknownSeptember 27, 2017 at 10:57 AM

    Miss all opportunities today as busy with work. Sir, how high would a rally a correction go forth with your analysis, I'm seeing 1295 tops by before continue bear . Thank you

    ReplyDelete
  10. CesatoSeptember 27, 2017 at 11:02 AM

    One thing at a time, if busy at work you better stay away from trading. Rallies on a downtrend are very unpredictable much more when they are trigerred from the tone of the speech either in USA or NK. 1292 - 1295 is certainly the range where a rally could be stopped though.

    ReplyDelete
  11. UnknownSeptember 27, 2017 at 11:25 AM

    Sir. Is statement from mr. Trump will give a lot of effect?

    I will pending sell around 1288-1292, do you agree?

    ReplyDelete
  12. CesatoSeptember 27, 2017 at 11:27 AM

    Wie, it looks good to me but never forget that it is your money and regardless what I think you need to trade based on what you believe in.

    ReplyDelete
  13. UnknownSeptember 28, 2017 at 2:31 AM

    Sir closed all POS thank u sir a

    ReplyDelete
  14. CesatoSeptember 28, 2017 at 6:21 AM

    Good.

    ReplyDelete
    Replies
    1. HighseasSeptember 28, 2017 at 6:22 AM

      Went long for an intraday pivot retracement.. targeting 1288/98.. very tight SL..

      Delete
    2. HighseasSeptember 28, 2017 at 6:40 AM

      sorry, I keep on replying at the wrong level of the thread. I'll get it right some time :) good luck with today's trading

      Delete
    3. CesatoSeptember 28, 2017 at 6:45 AM

      It´s alright, in 45 minutes we shall see the reaction to the news.

      Delete
    4. UnknownSeptember 28, 2017 at 8:46 AM

      Sir any view

      Delete

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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