I see Gold to be very bullish in short-term period (few weeks). I suppose we could see 1480-1520 area here. This level is logical in both alternatives - Bullish or Bearish longterm perspective.
Pay attention that this trade is going to be very dangerous! Momentum now is below the Moving Average - that could mean that seriously drop (1100-1150) without some previous grow could not be excluded. Professional risk management is mandatory trading Gold now!
Pay attention that this trade is going to be very dangerous! Momentum now is below the Moving Average - that could mean that seriously drop (1100-1150) without some previous grow could not be excluded. Professional risk management is mandatory trading Gold now!
Note
I have seen great Bullish signal at 5 min. chart: 5 bars above the average + trigger. I personally believe it is beginning of shortterm (longterm?) growth now. Not able to buy more because already is fully equipped. Good luck in trades. Be carefully.
Trade active
Trade closed: stop reached
Trade active
Note
Stil believe in 1500 area. Prefer to see this fall as false breakthrought. However, it is crazy short pressure, so not exclude 1100-1200 comes true. But I keep my faith in Gold. Will see soon.
Goold luck and be carefully trading Gold now.
Note
Note
Would be happy to see something like this: Trade active
Trade closed manually
Trade closed: stop reached
Order cancelled
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.