LiamPHudson

LiamPHudson Updated 

This is not an active trade idea, however at somepoint I belive Gold will visit the 200 day MA. With the help of ChatGPT I found that gold on average has touched the 200 day mopving average on average twice per year for the last 50 years. Currently we have not touched it since November 23, the law of probability and time point to that we will be there soon. Now...

LiamPHudson Updated 

Here we have the chart of my last 2 gold trades. First trade was took at the top of the first down trend with an entry of 3053, here I was anticipating a move to the 2950 area, at least. It was a profitable trade, I closed half of the position for a 400 pip gain, with my SL then moved to 200 pips in profit - which was then hit on the break of the...

LiamPHudson Updated 

Golds rise this year has been extraordinary, moving around 4000 pips since the start of the year, and most recently powering straight through the previous ATH. I remain bullish on gold for the long term, but this move should so some correction. I am currently short aiming for the 2900 level - this level although over 1000 pip move, represents less than a .382...

LiamPHudson Updated 

After this monster sell off I have been looking for a good entry on the smaller time frame for a bounce back up to the large consolidation area around the .618 retracement of the move down shown here on the weekly. I think I have got that on Wednesday with an open lower followed by a nice impulsive move up. The positioning is set for a reversal, with speculators...