Yuriy_Bishko
Long

GOLD bounced from Support/Resistance Zone

TVC:GOLD   CFDs on Gold (US$ / OZ)
Big players made e few false movement yesterday to grapp more "small fish" and to kick off stop losses of most intraday traders.
We can open BUY in marked Zone if the price will make a pullback to it.
Potential profit will be in 3 times bigger than risk.
Don't forget to use proper risk magament!
Comment: if you have set your Buy order you can drag stop loss into breakeven
Trade closed: target reached
Trade closed: target reached:
Comment:
Comment: New post
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Choppy market right now but your analysis is spot on IMO! Major resistance @ $1488 and we have a cycle top coming next week. I am long and will look for a longer-term short once the cycle tops out next week.
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Gold will going on NFP? Buy or sell?
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@nominbold, look at update. buy zone working
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Next few years Gold should outperform major stock indices. Buying now should mean a long hold. Rates dropping, president continuing to try to devalue the dollar, global insecurity and large institutions buying Gold all point up.
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Yuriy_Bishko Entellusinvestments
@Entellusinvestments, interesting information!
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Yuriy_Bishko Entellusinvestments
@Entellusinvestments, Thanks for shearing
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Currencies being unstable means gold growth and in my opinion it's a high probability we will see gold retry to break that 1450 resistance . But it's worth noting that gold is very high and losing momentum.
My friend about a year ago lost a lot of money when gold dropped from high positions around 1340 , he hoped for a recobery but lost a significant portion of his trading funds
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Yuriy_Bishko piotr18050
@piotr18050, It's hororable! Maybe it's a trigger for your friends to begin to use stop losses.
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piotr18050 Yuriy_Bishko
@Yuriy_Bishko, he over committed to his bullish stance on gold ... Shit happens
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Yuriy_Bishko piotr18050
@piotr18050, "Shit happens" that's Forest Gump words?))
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