Sforex
Short

SORRY : GOLD, NO MERCY FOR YOU.

FX:XAUUSD   Gold/U.S. Dollar
590 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.
PAGuy
2 years ago
Doubtful, but possible, indicators don't matter, it should go up to 1390 at least before giving any kind of retrace again, if it does break the low of last week, then defo more downside, but for me, and the current price action and pattern on the chart, this is going up, so I am saying, close your short position haha.

Time will tell, trade safely :)
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Sforex PRO PAGuy
2 years ago
1390 ???. Too high....
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PAGuy Sforex
2 years ago
Yes, 1390, and if it hits 1390, it will prob retrace slightly, then take it out and continue higher. There is NO price action saying short at the moment, every signal produced last week is hinting to the bullish side of things. Double bottom, weekly bullish engulfing/pin bar, pattern on H4, daily pattern...
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Sforex PRO PAGuy
2 years ago
Oh men, seem you don't understand about Fundamental..
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PAGuy Sforex
2 years ago
Fundamental's don't matter, it's what the chart says, and the chart says go long.
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welth.corner PAGuy
2 years ago
agree with you ..
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welth.corner
2 years ago
http://prntscr.com/3e13h1 just check this ...
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darth
2 years ago
I've just looked into my cup and the tea leaves say... fundamentals is at best gambling with a loaded gun. Good luck braa. It's going up to 1322 before you see any form of pull back. going on chart analysis.
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PAGuy darth
2 years ago
Yep, 100% mate, as long as we hold above the 50 level (You know what I am talking about ;) ) then this bitch is going up, 1314 then 1339 are my market levels to keep an eye on and also set as targets..
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Sforex PRO darth
2 years ago
Between dating with celebrities, and winning lottery. Trading by using only TA, and Trading by using FA.

TA is winning lottery, and FA is dating with celebrities.

What is more chance ??
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PAGuy Sforex
2 years ago
Well, I don't like to blow my own horn, but I have made a pure mint trading, I prob profit more in a month than tradingview do in a year... and thats only using tech..

I have been sticking to technical analysis and my own method for 5 years now. So tech for me :P But each to their own boss.

Take care ;)
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Sforex PRO PAGuy
2 years ago
Have you ever heard Mario Draghi, Ben Bernanke, talked about TA on the press ?. No, they never talk about TA, they talk about FA. What is the dynamic of the price, what is the fuel for any move, what is Fundamental elements changes ?.\

Trading using onlyTA look like you dirve a car without fuel, you could be the best in driving, but your car has no fuel, useless.
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darth Sforex
2 years ago
why would the market makers tell the lambs how to avoid the slaughter?
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PAGuy Sforex
2 years ago
Damn bro, all I can say is you have a lot to learn... How do you know if ur good at driving btw if you got no fuel to drive with??? Hmmm
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darth Sforex
2 years ago
Dude if you consider TA as winning the lottery you're doing it wrong.
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Sforex PRO darth
2 years ago
I combine both TA + FA.

FA is more important than TA. TA is just used to confirm FA.
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PAGuy Sforex
2 years ago
I can trade without FA and win 80% of my trades... How do you enter a trade without TA, just an instant execution?lol
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Sforex PRO PAGuy
2 years ago
You are blind when you didn't see I combine both TA + FA and what I show on the chart ??. I count all support and resistance.

I don't care your profit, that is your money, not my money.

And you think I am not good at TA . You's totally wrong.
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PAGuy Sforex
2 years ago
Keep er lit sir
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welth.corner
2 years ago
http://prntscr.com/3e1a2p 1 more intresting to see view for positional
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VipulBaranwal
2 years ago
why not this possible ???
http://prntscr.com/3e1atw
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Sforex PRO
2 years ago
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 ??????.
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darth Sforex
2 years ago
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.
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PAGuy darth
2 years ago
Proper order! We know our stuff! Lets BANK this week ;)
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Sforex PRO darth
2 years ago
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.
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darth Sforex
2 years ago
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
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Sforex PRO darth
2 years ago
Each piece of data has certain meaning. Your role is to find out what is the meaning of that piece of data.

That's not an easy job.



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PAGuy Sforex
2 years ago
But how after 5 years am I still trading successfully and making 5-6 figures profit per trade. I am not your usual price action BS trader, I trade my own method of reading the price that has taken me this long to master.
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Sforex PRO PAGuy
2 years ago
OK,if you think your system work perfectly, post it on tradingview, we check it.....

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darth Sforex
2 years ago
lol maybe he should give you the keys to his house while he's at it... if you spent 5 years mastering a game why would you want to just tell every lazy person who can't trade for themselves just so they can copy and paste.
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Sforex PRO darth
2 years ago
Ha Ha ...we can't say without evidence.
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PAGuy Sforex
2 years ago
Lol, right, hold on here, I will just give u the keys to my 2 range rovers, 2 M3's, Merc, Golf, Twin Cam and 4 houses, and I will make sure there is food in the fridge for ya too.

Some people crack me up...

I never said it is perfect, I have lost many trades, blown many accounts, but now, I am on a winning straight, and have been for quite sometime now.

This is my last reply as I can really be arsed arguing with a peasant...
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Sforex PRO PAGuy
2 years ago
You are too self-conceited , and I tell you you no need to say, I wonder have you ever learned something about respecting others ?. Your mom didn't teach you about honesty ?.

I think you aren't Anglo-Saxon people, but look like ...... Asian ???.
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darth Sforex
2 years ago
didn't your mum teach you not to judge a book by its cover?
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Sforex PRO darth
2 years ago
This is scientific analysis. Not a place for telling lie, Man.
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darth Sforex
2 years ago
lol if you say so
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threetooltrader
2 years ago
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.
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mantracommodity
2 years ago
Check out this one http://mantracommodity.blogspot.in/2012/07/gold.html
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PAGuy
2 years ago
Hit TP 1, 2 and 3, holding long term position. Told you it was going up :)
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Sforex PRO
2 years ago
who wants to protect the LONG position more ?.

Now the reality proves I was right. GOLD fell further and further.
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PAGuy Sforex
2 years ago
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
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