Sforex
Short

SORRY : GOLD, NO MERCY FOR YOU.

FX:XAUUSD   Gold/U.S. Dollar
592 41 5
I have an advice for anyone still hold LONG position of GOLD             : close it.

No chance for you.

The trend of Gold             is still DOWNTREND.

Look at on the chart: GOLD             met a lot of strong resistances: SMA200+EMA50, Two trend lines . Fibonacci retracement levels + Fibonacci Fan levels. I still not count Kumo cloud of Ichimoku pattern and even Gann Square Nine levels.

Moreover, The FED Interest Rate Decision on Wednesday would have a significant impact on Gold             price. I surely the decision would weight on GOLD             .

I expect Gold             would be down to 1268 level I show on the chart.
who wants to protect the LONG position more ?.

Now the reality proves I was right. GOLD fell further and further.
Reply
PAGuy Sforex
It went up though. I don't do position or swing trading. I take profit at calculated levels, which in this case where hit after my order was triggered. #BOSSED
Reply
Hit TP 1, 2 and 3, holding long term position. Told you it was going up :)
Reply
Check out this one http://mantracommodity.blogspot.in/2012/07/gold.html
Reply
I'm thinking gold may bounce on your 50% fib and continue the ascending triangle pattern and head back up to 1303. I don't think the Fed can hold Gold down for too much longer.
Reply
Yeah, they LONG gold while GOLD Funds are decreasing their reserve , the gold demand of China and India is falling down, and FED will not stop unwinding QE3 ??????.
Reply
darth Sforex
you know the market movers, smart money, institutional bankers what ever name you call the them use the news as a tool to manipulate the market so they can push the market in there direction quickly without all the small guys going WTF just happened?! then they see a news event just happened and they can go "ahh ok it was the news" but really it was the big boys making a quick buck. Tech analysis cuts the BS if you know how to trade it right.
Reply
PAGuy darth
Proper order! We know our stuff! Lets BANK this week ;)
Reply
Sforex darth
Have you ever learned about Crowd Behavior and Dynamic of Price ???.

You favor TA just because you cann't understand Macro economy , cann't understand Fundamental.

to be good at TA, very easy, Google, you get everything. two or three months, you be an expert in TA, but to be expert in FA, not easy.

You choose the easiest way. Most traders follow that way.
Reply
darth Sforex
Why complicate and already complex system??? trading can be simple when you know how, trading news it just looking for justification in movement when there is none. And yeah people move the market but really its the smart money making you think you can
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