Hello everyone. Even though price has bounce back from 1281 I still don't see a clear follow through on the bounce so I'm closing the long position that I opened @10 am with a very small profit.
The price is closing right on a key level which means it is not giving a real direction into the close and then the probability of going bullish or bearish is pretty much the same so that I chose to stay away until tomorrow and see what the open price is.
Disclosure: I´m not in a position at the moment. The long position that I opened @10 am @1284.47 is now closed with a small profit. I have no order and will wait for tomorrow to rethink the strategy for the rest of the week.
The price is closing right on a key level which means it is not giving a real direction into the close and then the probability of going bullish or bearish is pretty much the same so that I chose to stay away until tomorrow and see what the open price is.
Disclosure: I´m not in a position at the moment. The long position that I opened @10 am @1284.47 is now closed with a small profit. I have no order and will wait for tomorrow to rethink the strategy for the rest of the week.
Good Morning Guys :) trust all is good and the money is either growing or safe :)
ReplyDeleteI'm still waiting for a clear signal to consider next play, so no trade on XAU running for me at the moment.
I have a EJ trade that is doing quite ok, moving SL into profit after the next 4HR close. traded off a BULLISH PIN REVERSAL ON fibo 61.8 support acceptance.
hope to get a good signal on XAU today.
safe trading, take care
Excellent, as far as I'm concerned I will stay away from trading until when I see a much clearer signal on charts. It seems like we are entering a bearish scenario below 1300.
ReplyDeletein a bigger picture i can see 1150, is it possible sir cesar?
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DeleteMy target is the trend line that has been building up for the last 2 1/2 years, if you look at the monthly chart and draw a trend line between the lows on Jan. 2016 and Jan. 2017 you see that for the long term the lowest level we could reach to respect that line is 1192 for this month and approximately 1197 for November. Below 1192 and the 2 1/2 years line would be broken taking the price to lower levels (1100 or something around that). If this trend line is not violated then 1206 would be an excellent entry level on Dec. 2017 for a multi-annual position or at least a rally to 1450 on 2018.
Deletethank you for the analysis sir cesar
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