ScalpingDayTrading
Long

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....
second target reached
so cool
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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 ?
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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 :)
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first target reached. Cut half of the profit
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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 ?
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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.
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