4HR CHART trade long in Gold sets up. Buy-up
تم تحديثه
https://www.tradingview.com/x/XeeGBC7m/
The volatility has settled in Gold trading for now. Price has kept support at around the 50 to 55 level. So Gold has propped up during Monday. It really has not even looked like selling off and I trade Gold a lot and I can usually tell when they want to reverse the price for a bit.
Buy around current price57,000 or 56,950 xauusd.
Stop under a recent swing low from a 3 or 5 minute timeframe.
TP1: at 70'
The volatility has settled in Gold trading for now. Price has kept support at around the 50 to 55 level. So Gold has propped up during Monday. It really has not even looked like selling off and I trade Gold a lot and I can usually tell when they want to reverse the price for a bit.
Buy around current price57,000 or 56,950 xauusd.
Stop under a recent swing low from a 3 or 5 minute timeframe.
TP1: at 70'
تم فتح الصفقة
BUY XAUUSD at current price under 60'. Price has held up all day in gold. Thursday sell and Friday sell was mainly due to a Double top on the daily chart. Double top will sell 9/10 times in the abscence of Long-momentum and volume.
تم إغلاق الصفقة يدويًا
Hi everyone, I fell asleep mid-way through NY session, I think I'd just stopped daytrading xauusd when I fell asleep in my trading chair. Anyways, I am feeling good and ready to go again. I get the feeling that we need to be very CAUTIOUS IN OUR LONG TRADING POSITIONS AT THE MOMENT, a feeling I have and experienced before even reading the KITCO article which is really on 1 persons's opinion but they are a senior gold analysis at Kitco and she is calling on their being more chance of a bear market in 2025. Whether this eventuates or not is no reason for us to take on stress and worry, that is why we Trade and take losses when we have to and we book profits as skilled traders so we don't have that worry of extended long positions racking up and going against us.
So here we are again. I do understand this juncture very well. You see Mr & Mrs Market are highly efficient at placing some fear into traders right before important economic decisions for the USA for example the interest rate decision which correct me if Im wrong FOM Meeting is this Wednesday. We all have been here, FEAR a day or 2 before (only if you are overextended in positions like I am at the moment in Gold), then as the interest rate gets reduced the USD drops and Gold rallys. Well I would not be suprised to see Gold not engage in its usual rally on news of an interest rate decision, I would not be suprised to see it being a sell the news item on FOM day this Wednesday, in other words Gold will sell no matter what the news. I will post the article soon. I would book profits early today guys. If the Gold price gets a bounce I will be selling all of my positons as I will always manage risk first over profits.
ملاحظة
I get it right, it could be purely 'fear-mongering' but I can not confirm that, it comes to mind straight away that they may be after people to liquidate positions in gold at the end of the first half of year before Christmas. But it could be true because Bitcoin is shaping as the NEW STAR, the new kid on the block offering more variety of services than yellow metal, but gold will always have its place as a Niche & unique commodity.
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