Technician
Long

Gold: Oversold and Ready for a Bounce!

FX:XAUUSD   Gold / U.S. Dollar
983 17 10
Update: Trade is Active
Update: Stopped out
Profit(pips)=-200
Accumulated Profit(pips)= +2666
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As price hits 1307.00 support level and the 50-days SMA , I look for a short term bullish bounce, the bearish momentum is really strong but i think gold             is pretty oversold could be heading for some adjustment.
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Still Active Trades:
EURUSD(Update): Hits First Target, Thanks Yellen

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;)
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Waiting for entry.GL.
Reply
Barabaszek Barabaszek
Working.
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Technician TOP Barabaszek
Yep, Good luck!
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Fucking gold, I buy from 1307 to 1339. Now 1300, next target 1270?

Reply
My trade is still active, hasn't hit stop yet. Will see how things unfold
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RinatG. Technician
Ok. Thank's
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@technician-- any chance this could be happening right now? I'm sure the wave count is correct.
Short GOLD?
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i am embarrassed by one thing, price on week timeframe go down and i not see strong levels for bounce price
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Guyz, nothing is certain, There MUST be losers
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True that
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Update: Stopped out
Profit(pips)=-200
Accumulated Profit(pips)= +2666
Reply
Danny2005 Technician
mine is still running...do you think it will go up soon?
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The move might extend to 1394.00 and 1390.00 level lets see what happens there
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cerebrus Technician
I assume you mean 1294.00 and 1290.00?
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Danny2005 Technician
thx. lets see. My stop is at 1382.00
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1287 buy limit
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