Hello ! Most of my followers msg me about Gold . I told them not to buy and Dont go along with price or either chase the price . Short Gold form blue zone Because up trend almost comes to end, so personally i am interested to short gold from Blue zone.. Thanks!
Why would you like to fade the trend? Unless you're a mean reversion guy, which it doesn't look like.
RAWM
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hi.... can you please show me how to do the chart above... trying to show the analysis at the bottom but unable to format it
Daniel-Malik
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You need to learn to draw these charts. I appreciate if you develop your trading strategy first. thx.
pmcllc
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its probably small account
Daniel-Malik
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Its about 100 pips
Noobsnoot
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I shorted awhile back at 1348 and losing money now. I just need to recovered and not getting margin call.
According to your analysis, are you implying gold will bull to 1370ish first before rebound back down to 1340ish?
Daniel-Malik
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yes its my personal opinion. Dont you use Risk to reward ratio ?? I mean only one trade can gives you margin call ??
Noobsnoot
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Great news, it's has rebound back to 1350 now. It's still going down to what point? What do you think?
lluriel
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Is it based on fundamental reason or technical one? little bit of explanation would be great! thanks,