fearlessfury
Long

Long gold on wedge break

COMEX:GC1!   GOLD FUTURES
Go long on break on expanding wedge pattern
A breakout above 1240 was the point I was looking at in Oct to go long it failed miserably as a long shot. Needless to say I didn't go long or short for that matter. Having a view something is going to go one way and it doesn't is a hard call to do the opposite so really doing nothing is maybe a cop out but it saves capital. In this case above traders are going to do the opposite at 1240 this time. Thinking this will be resistance and they may be right BUT a breakout above 1240 is something to watch. Be patient a breakout above 1220 (or this channel) should be viewed as a get ready aim then when it breaks above 1240 FIRE! There is little resistance above 1240 until 1300.
Reply
fearlessfury glennjoy1
The only reason I'm long this is because of the break of the downward trend line and the possibility that it forms an established up trend. I don't predict trends, I just follow them.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out