So far there hasn't been any real indication of reversal. Gold clearly rejected 1240 & rejected 1230.
Macro trend still bearish with a tiny hope of short term reversal if this area holds.
Trading Journal (only my take) 385 replies
Trading gold and silver only 59 replies
An idea for building wealth...using only gold 9 replies
GOLD traders only 90 replies
Disliked{quote} In 2003 the price of gold was below 350$ and they were making money then. You mean to say that gold production costs have more than quadrupled in 10 years. That would be quite an inflation rate.Ignored
Disliked{quote} I love your short area, but may I ask why SL @ 1265? Wouldn't it make more sense to put it above 1250 to be conservative or above 1275 if more aggressive? I see 1265 as a good r/r short. Any thoughts?Ignored
Disliked{quote} I just test fired a short @ 1241, SL @ 1265 While I could & should have waited a little longer, but..Ignored
DislikedTrend line being respected on the 4HR as resistance today. See where this takes us. {image}Ignored
DislikedHave a feeling a squeeze is coming... A hunch... a push to 1260s.... Something doesn't feel right...Ignored
Disliked{quote} SL below BE of this short, plan to give serious thought to shorts around mid of next week, until then on sidelines.Ignored
DislikedThere's the squeeze. Let' see if there's enough force to push it to 1250 or not.Ignored
DislikedThere's the squeeze. Let' see if there's enough force to push it to 1250 or not.Ignored
Disliked{quote} Watched the market closely yesterday... and and the tape felt strange. I was more concerned after it had held 1220 and bids started to actually hold 22s now... Just a hunch like I said... and pattern eventually played itself out after breaking above 1231.Ignored
DislikedThere's the squeeze. Let' see if there's enough force to push it to 1250 or not.Ignored
Disliked{quote} You were saying the price have been stucked 1220 for almost a day? I'm not so used to trading term sorry(junior here)Ignored
DislikedOK almost target hit 1251 .. could hit 1251-53 on Monday in Asian. session ....short at 1248 n pending sale at 1251-55 ..SL 1263 TP open ..still I am looking for 1165 at least ..good luck and happy weekend to all of youIgnored