Monday, October 9, 2017

Good day everyone. Spot Gold has followed through on Friday´s recovery rally to reach 1285 and it is, apparently, set to close above 1280 today which will maintain the bullish tone for tomorrow. Next resistances are 1285 and 1295. Immediate support is 1279 and 1269 on an intraday basis.

 Disclosure: I went long @1275 and have raised the SL order to break even.
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20 comments:

  1. jorge lugoOctober 9, 2017 at 10:41 AM

    so, It is better to stay out

    ReplyDelete
  2. CesatoOctober 9, 2017 at 11:42 AM

    Well, it depends on your risk appetite because you need to place the SL order at least USD 10 away from the current price in order to avoid stop hunting. I was lucky to enter @1275 again but the market will likely be in consolidation mode until tomorrow between 1279 and 1287 until break out.

    ReplyDelete
  3. BBOctober 9, 2017 at 5:23 PM

    Im using this opportunity to sell and tp 1261

    ReplyDelete
  4. UnknownOctober 9, 2017 at 11:04 PM

    Sir. It will correction to 1275 and fill the small gap on 1274? Or continue to break 1290? Need info. Thanks.

    ReplyDelete
    Replies
    1. CesatoOctober 10, 2017 at 4:57 AM

      I don´t see any gap to be filled. Breaking 1290 is likely but I think there will be some consolidation between 1280 and 1295 before any attempt to test 1300.

      Delete
  5. UnknownOctober 10, 2017 at 12:55 AM

    Sir 90 is possible

    ReplyDelete
    Replies
    1. CesatoOctober 10, 2017 at 4:58 AM

      I´m late on my reply. 1290 has already been reached.

      Delete
  6. UnknownOctober 10, 2017 at 1:54 AM

    Hi Cesar and all, I am back after a month break from trading! I hope you guys made lots of money meanwhile !!

    ReplyDelete
  7. HighseasOctober 10, 2017 at 2:34 AM

    good morning all! I dont have a open position at the moment, missed the boat on the up, waiting for the run to complete before i enter a short..

    happy trading guys

    ReplyDelete
  8. UnknownOctober 10, 2017 at 2:41 AM

    im so tempted to short it .... Cesar ?

    ReplyDelete
    Replies
    1. CesatoOctober 10, 2017 at 5:00 AM

      Why should you go short on a bullish market? Just to try out? or what.

      Delete
  9. HighseasOctober 10, 2017 at 2:52 AM

    I'll wait for a test of 1290

    ReplyDelete
  10. UnknownOctober 10, 2017 at 6:44 AM

    Sir booked my prft 90 I there any short from here as fomc play this week

    ReplyDelete
  11. CesatoOctober 10, 2017 at 6:51 AM

    I won´t do shorts in this market, bullish technicals are strong and your profit would be at risk for no reason.

    ReplyDelete
  12. UnknownOctober 11, 2017 at 6:49 AM

    Any chart and info sir

    ReplyDelete
  13. CesatoOctober 11, 2017 at 4:11 PM

    Did you read today´s post?

    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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