DislikedI found interesting opportunity on the Gold. The price is far below the value and in my opinion, this is hidden buying on this down day, I am bullish from $1,223.00. Target is opened and SL can be placed at $.1208.00. Time horizon in this position is from 2-3 days. Petar {image}Ignored
Still holding my long position from $1,223.00. Today I see that professionals wanted to close weak buyers and put them in a bad situation (Classic SL hunting). Most of the traders will see the strong downward trend and will watch for shorts watching their indicators and so on but I base a trade on the perception of the value and not depend on the price by itself. I wrote objective point but my TP is opened. I placed 2 charts to show you why most of the traders fail. All indicators they use and even price by itself is lagging. You always must understand price in relation with value. On my mentorship course, I am teaching you to base a trade on the perception of value not on price by itself.
One of the greatest in the financial market said > "Price is what you pay. Value is what you get." Warren Buffett
"Buy on fear, sell on greed !!!