Good being a safe haven as per usual in these times. Not sure when it’s going to come back down from here, I’ve still got a long position open on it.
Anyone who isn’t stacking more Gold physically is missing out , I have Silver coins also not a doomsday guy just more of a realist !!
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Good morning all. Another update today on our GOLD position. if you follow my setups you’ll know I left a runner on Gold and im glad did. Look at the incredible bull run we have seen. Currently our position sits at 2472 Pips in profit and it looks like could well make a new ATH . My idea for closing my runner is if we do manage to make a new all time high then I will close. As then I will expect a pullback in price before more continuation. So then we can look for a possible sell before we look to buy back in at a cheaper price. I have read some big players expect gold to hit $3K/$4k/$5K an ounce in the future for the precious metal, due to its physical insurance nature, especially with the rise in Crypto. This will maintain power for the big boys at the top in that battle. So If you followed keep watching for that ATH and get ready to close for good returns, or do so now if you wish to. Will update again on the next move. GLIYF
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Yes, will pull back at some point I’m sure and looking at those charts now looks like a time to do it
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The price made a strong bullish move. Thus, it may make some bearish corrections. However, a strong bearish reversal pattern may offers us some short entries as well. I assume that the lower time frames such as the H4 and the H1 chart may offer some good short entries.
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This did pull back a bit mate still looks bullish in the long run though. You still been trading it ?
Gold has been on consolidation and trapped within a horizontal channel. If the price finds its support and makes a bullish breakout at channel’s resistance, it may head towards the last swing high. However, I assume, it may end up making a bearish breakout at the channel’s support. Thus, it may remain bearish for a while. Let us wait and watch what happens next.
Above 1919 is a buy to 1950.
1935 can be a sell to 1900s.
I’m sensing a bear run too over the next few weeks/months
same, not willing to take any buys up to the previous high from last few weeks.
This week’s video is out now on my YouTube channel. Head on over and take a look at the pair you are interested in most. Appreciate anyone that likes and follows the channel.
I like the way you’ve sliced that vid. Makes it so much easier to jump to the pair of interest
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I was thinking the same thing. Very handy. I watched the Gold and BTC bits first, then went back for the forex pairs
Gold slips as rising Treasury yields bolster dollarGood morning all, running on from my YouTube video update’s you will be aware of what I was looking for on GOLD . Well we visited the supply zone just above and we then got a huge rejection resulting in a daily pin bar candle. This was our signal to enter the trade as you will be aware when following my setup’s. Sometimes it works and sometimes it doesn’t, well this certainly went our way very quickly. Currently 300 pips in profit on our position so now is the time to lock in some profits, at least 1:1 R:R and let the trade play out. As we are still in a bullish trend its wise to lock the pips in the bag. Aiming for the moving average as a TP or that support zone below. Will update again in a few days. GLIYF
Was looking at this chart looks like it might be a good time to sell.
Sell Gold at 1914
TP: 1911 1908
Wow cant believe its been so long since i updated this thread. If you follow my YT channel you’ll see the trades ive taken and currently in.
Good morning all. Hope everyone has had a good trading week. Update on Gold today, we have had all the supposed terrifying USD news this week. But it seems it hasn’t had much affect on the markets. In my opinion this is why we should be trading what we see and stick to our practices, as usual the market does different to what you are expecting fundamentally. We have had great trades from this demand zone before so why cant we again. Onto the Gold trade, and we have hit 1:1 R:R Depending on when and where you entered and the size of your SL. currently 429 pips in profit so time to make the position risk free with the SL to your entry. you can even close some if you so wish to secure some profits. Hope you have a good weekend, will update again next week. GLIYF
Good afternoon all, quick update today on the gold buy trade. Currently 823 pips up in profit and over 1:2 R:R now so make sure you secure profits on this position. Today we have NFP coming up so it could cause some volatility to our position. So if you secure at least 1:1 then you are not giving your pips back to the market. If you want more room for wiggle then move your SL to entry. Will be a fun ride to watch as were in profit already. Hopefully it moves in our desired direction and break the downtrend and supply zone , but it looks like it could possibly drop back, that’s what technical is saying. Have a good weekend all. GLIYF
