GOLD - only for risky business

FX:XAUUSD   Gold / U.S. Dollar
142 6 2
Purely speculative. Not kind of trades we love because today, GOLD             lost more than 60% of the 50$ it took on Friday.
But we are in a fib retracement (61.8%). We're over a resistance zone .
We engage just a little position which will not make us losing today's and friday's profits.
So we can initiate a long position with a very tiny leverage with a stop Loss under 1130. Only for people who like risks and be able to loose a trade.

But please, really apply a tiny leverage. I repeat that we lost more than 60% of Friday's movement. We are now on the resistance but....
Thank you for graphic, as I understood your mean is bottom resistance point is 1132 and after 1132 ons will increase. Ok what is the top limit of increasing ?
I just said than the Red zone is a support zone and if you break 1130 $ we could go lower. I just enter a purely speculative trade with a stop under 1130 for a Take Profit zone around 1195.

When you look the graphic, this is was a support zone we work last week. But it's a higher risk trade because purely speculative.
first target reached. Cut half of the profit
second target reached
so cool
VinceR ScalpingDayTrading
You are awesome, sadly I haven't bought gold.. what do you think it will do next, some retracement and the further long ?
I'll publish a study sooner. You can follow me on twitter (@scalperdaytrade), like that you'll be able to receive notifications when new studies were published. As you want :). Sometimes I publish on tradingview and sometimes on my website. Sometimes I publish things on free studies section. So follow us on twitter to get informed :)
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out