Lanmar

EXECUTION STRATEGY FOR GOLD

FX:XAUUSD   Gold Spot / U.S. Dollar
407 5 3
.
Comment:
Comment:
Comment:
Comment: Staying long here

Trade closed: target reached: Long gold position closed at 1180. I have not yet shorted gold because of the strength in the Japanese Yen. As long as there is strength in the Japanese Yen, I will abstain from initiating a short position simply because that typically signifies weakness in the economy/markets which is good for gold.

For a long trade:
snapshot
Well, its definitely broken now and got stopped out of shorts. Though I wonder if there is much upside left in gold. Only if markets crash with force would I think.
Reply
Lanmar PRO GeneraldisastersInc
Its hockey stick rise is pretty incredible. If I had to guess I'd say there is more upside - probably toward the 1400's
Reply
Lanmar PRO GeneraldisastersInc
Yeah I agree for the most part. Market weakness is definitely a big plus. However, Yellen whispered negative rates this morning.. So I think the currency play is now established in addition to the equity safe haven. So a drop in equities may no longer be necessary for gold to continue its rise
Reply
Nice chart, I like it!
+1 Reply
Lanmar PRO Frank Cowperwood
Thx!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out