Loii
Long

GOLD BIGGER PICTURE!

FX:XAUUSD   Gold / U.S. Dollar
502 7 8
GOLD             BIGGER PICTURE!

we broke the 1280 support but we found a even stronger one at 1270. this support intersects two channels.

Recommended Risk Management for my trade ideas: 0.1 lot per 5k USD
there is a divergence between may and september
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Loii,
Do you think that this rally would means the movement will be bearish until the end of this week or even end of this year ?
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Hi,,,my daily and weekly chart shows the price on the 200 EMA .?? Strange...anyway also shows, as yours does that it's on the edge of a very important channel from the pivot and start of this bull run..With more news, NFP this week and anymore verbal from fed agents about hiking as early as Nov, then there's trump looking less likely,,strong USD on the back of this,,I would suggest caution with lot size until this is all known...if the price breaks downwards from here there's not a lot to stop it...looking to start entering though..cheers Ron
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I see this touching the 200MA @ 1256
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On the Daily
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Loii faithao
i studied the 2010-2011 rally, it does not need to touch the 200dma, it usually just goes near it.
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Loii Loii
on rare occasion it had but doesnt need to.
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