FX:XAUUSD   Gold/U.S. Dollar
797 18 23
10 months ago
I think today after the ECB decision gold             will start it's final rally to 1306 ( 2015 Jan high) with the weakening
dollar.
I'm still in a long position so I don't do anything.
I just offer a good long opportunity for the ones who are not in position yet.

Gold             will soon produce a seriuos decline but before that it will stop out the shorts and pull in the late bulls.
Target: 1306
Stop: 1241 (300 EMA)
10 months ago
Trade closed: stop reached: Though we stopped out, we are printing an hourly key reversal candlestick.
If it is going to stay there I'm going to reenter in the next hourly candlestick, because I think the direction is good.
I'm still holding my long positions.
I'm holding the long positions.
For those who stopped out my advise is to reenter in the next candle after the hourly key reversal
Reply
chartwatchers PRO chartwatchers
10 months ago
WE will come back to 1249
Reply
ieducswesps chartwatchers
10 months ago
I hope we are,because im so stuck with gold,i made a mistake and now im paying for it
Reply
ieducswesps chartwatchers
10 months ago
You think there are any chances to come back down to 1249?
Reply
chartwatchers PRO ieducswesps
10 months ago
Hi.
No way ... Cut the loss and enter a long position in the next 2 hourly candles.
The maximum we can get is 1260-65. But the good news that we will run up to 1307 at least
Read my new post (Gold daily summary and the one before : Advise for trapped traders)
Reply
chartwatchers PRO chartwatchers
10 months ago
You can come out as a winner and will make your revenge when gold is coming down later
Reply
ieducswesps chartwatchers
10 months ago
Oh God,my loses are big,but maybe is better to cut it now,untill i loose everything
Reply
ieducswesps chartwatchers
10 months ago
Thanks chartwatchers
Reply
chartwatchers PRO ieducswesps
10 months ago
Welcome. Cut the loss and enter a long.
GOLD - advice for trapped short traders
Reply
ieducswesps chartwatchers
10 months ago
Right now im 400 bucks loss because i shorted it 1256.
Shouldnt i hope at least for a comeback to that area?or somewere close?
You think it wont stop?It will go only up?
Reply
chartwatchers PRO ieducswesps
10 months ago
If Asia sees this daily candle at 2:00 GMT they will buy.
There is a very little chance that we are coming below 1260.
MAybe only 1265 will be. I have seen it many times.
Gold tried to fall and they bought it. And now the dollar will get weaker and weaker.
THere is a chance that we jump 200 $ in 4-5 days.
I wouldn't risk that. You are in 15 $ minus. If you go long even from here you can easily make 30 $.
You have 25 ounces if Im right.
Reply
ieducswesps chartwatchers
10 months ago
Yes mate,you are about right regarding ounces.
Im just reading your golden rules,i watch the chart and i see that the only way gold is going is up
It was a mistake because i didnt cut loses earlier,when i had to.

Reply
chartwatchers PRO ieducswesps
10 months ago
Yes because a lot of guys are here who are just posting idiot things and not trading.
We are in the final stage of this gold rally and it can be horrible. It will toast the bears and pull in more bears.
But it will get end in 2 weeks...
Reply
Entertain
10 months ago
that's amazing, well done!
Reply
chartwatchers PRO Entertain
10 months ago
Thanx Entertain !
It's just beginning.
:)
Reply
PhamPhan chartwatchers
10 months ago
Thank you for Chartwatchers . Resistance became support.
snapshot
Reply
iammathawee
10 months ago
What is the good entry point for long position now?
Reply
Zohaib_Malik
10 months ago
snapshot
Reply
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