Gold /XAUUSD forecast

Beginner Questions
21

Am also new to trading, Not long ago I was in profits with XAUUSD, I decided to hold on longer, and lost the trade in a quick sweep. So I learnt have a target, once hit, take your profit, the urge to keep going imo is what greed is all about, it can work but also prove fatal another time

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22

Well it just hit low of day so hoping itā€™s going up from here, for today at leastā€¦

23

Different people learn different lessons from the same situations. Some people would have learnt what you learnt. Others might have chosen to learn ā€œKeep away from trading gold when youā€™re new to trading.ā€

25

You mean hold any open positions in buy position or you mean donā€™t open any new positions in buy?

It seems to be going up and I am thinking of closing the open position with only $250 profit with a loss of $3500 in swaps.

Then re-open when the price dips a bit.

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26

Absolutely

27

Yes hold any open postin buy

From Aud rate cut day which was the 18th

Us 30 will fall today to late to enter buys now on gold but hold buys from 18th or before

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29

Iā€™m went long on XAU/AUD 4589.65

30

Wha do you think? clean sweep down?

EDIT: Starting to drop hard, is that the sweep you speak of?

31

No the sweep I talk of is xau usd should of fell sellers got taken out by brokers clean sweep

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32

Somones buying nzd cad and Aud chf too

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33

gold is reaching the all time high!!!

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34

I like your prediction,
Thatā€™s what I saw today.

I have no open position in gold now- I already closed mine yesterday with a little profit.

I am working my way up to recover $6k and gold seems to be an instrument that has the potential but itā€™s going to take a while to do itā€¦

I have to be patientā€¦
Swaps are wreaking havoc in my account. :grinning:

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35

this pair is about to take flight.

can it get to 2825.90

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36

I mean 2951.10

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37

Gold is operating at full beast mode. Letā€™s see what the upcoming week has in store.

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39

We could be seeing sell in may stay away formula may fall in may

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40

I am expecting a continue uptrend when sunday opens

Gold
Gold1600Ɨ900 38.2 KB

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41

Yeah I got in again before close 2934

Should gap up

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42

2929 is good sl atm

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43

Shouldnā€™t this be in a Journal?

Why?

Why?