the idea didn't work out yesterday. got a stop loss. Trump left and the markets went down. on Monday the markets will be recovering and Biden will be injecting money into the economy.
last idea:
You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
What is a good entry level you think? Thank you Yuriy
AidanMDang
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I love to trade false breakouts. nice idea!
abel11
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Thanks for this idea.
elias1ssa
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if you think that the reason for gold dropping is that trumpy left, this is an advice from a comrade, Do not trade gold Yuri. I repeat do not trade gold.
i get that newcomers are fascinated with technicals.. thats why they lose money, but do you look around?
Gold is dropping, along with all the precious metals sliver etc.. because long term yields are rising! the 10 year T note are trading above 1% because they are excepting more stimulus.
We have to wait to see the market reaction on monday. it can drop a little bit further before it eventual shoot up
Aaronroberts666
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@elias1ssa, where do you think it could drop to before coming back to 1900s ?
elias1ssa
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@Aaronroberts666, let's see if the retest of november lows as our friend @Samywchen said. It all depends on the yields movement for now. But long term with the potential lockdowns coming like Uk and germany did.. and the stimulus coming long term trend to 2000 area should be valid despite the volatility in the coming weeks
Samywchen
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@elias1ssa, I trade GLD. Agree that gold can move down another small notch. I will watch closely the next two days. If it doesn't break the November lows, then the long term upward trend is still valid.