I prefer to Long Gold. But both directions are possible.
As you remember I have not entered Gold longs previously (last Gold's setup) because it came into descending channel. However, we could see that it has almost reached a bottom of the this channel. Good level for enter Longs. However, I do not recommend to open positions yet because we could see a false (real?) channel breakthrough.
NO TIME FOR LEVERAGES - we have to be prepared for price fall till 1140 area or much lower or rise till 1340+ level. My setup is based on a assumption that price returns to ascending channel. Could be totally wrong with it.
Be careful. Good luck everyone.
NO TIME FOR LEVERAGES - we have to be prepared for price fall till 1140 area or much lower or rise till 1340+ level. My setup is based on a assumption that price returns to ascending channel. Could be totally wrong with it.
Be careful. Good luck everyone.
Note
last Gold's setup: 
Order cancelled
Price is near to the middle of the descending channel. Doubt that it is going to falls more. I would prefer to close a trade and look future dynamics.Trade active
Trade active
Looks good, however NOT SHORT GOLD MORE (!). Could be really dangerous to short Gold now as middle of the channel was almost reached.Trade active
Below a middle of the descending channel. Shorts looks reasonably now. However, always remember about huge risks of a trade.Note
Still being believer in Longs, however understand HUGE risks of the trade.Trade active
Looks like Gold is not falling more, so trying LONGs carefully could be a not so bad idea. However, pay attention that dive below 1140-1160 or even below 1000 is possible. Not so sweet trade as it could looks like. RISK MANAGEMENT is a mandatory here.Note
Also pay attention that channel in Gold was broken down. So logically now to have short opened. Long idea based on assumption that breakthrough being a false one. Which could be completely wrong. So, once again - strong Risk management is mandatory here. Note
I am Long oriented on Gold, still believe in a setup. Last comment was about huge risk of this trade. Good luck everyone.Trade active
Almost has touched a red square. A time for LONG-LONG-LONG now?Trade active
I suppose that it could be a right time to add leverages to a Gold LONG-LONG-LONG position. //Not a recommendation, make your own strong RR otherwise you could loose whole capital.Trade active
Good dynamics in Gold.Trade active
Trade closed manually
Trade active
Trade active
good dynamics.Trade active
looks nice.Trade active
Trade active
At a Red Line. A decision time.Trade active
Trade closed: target reached
Order cancelled
The dangerous asset. A rigorous risk management is mandatory.
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