GOLD: Complete Indecision

OANDA:XAUUSD   Gold Spot / U.S. Dollar

hey traders,

although I have an active selling position on gold ,
many traders hesitate to enter right now and don't know what to do.

Indeed for quite a long time gold is very very passive.
Those who are looking for a confirmation signal,
pay attention to a symmetrical triangle that the market is now following.

Breakout of it will be a good trigger and you can base your trading plan on that.

symmetrical triangle can be broken to the both sides,
however, my suggestion is to trade only in case of bearish breakout,
because a profit potential for bullish breakout is quite limited.

Oct 24
Comment: back within a triangle
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yes gold will go down
Hello sir... Are we still waiting for sell...?
@KungKOX87, hey man! you can check the update in telegram group!
KungKOX87 VasilyPonomarev
@VasilyPonomarev, noted... Tq...
Nice chart! gold valid broke up this triangle?
+1 Reply
If you use a US Broker who disallows hedging you're fucked.
Good analysis as always Sir. Tnx
I am currently in a sell with gold and am a little worries. Should I keep the sell?
otterslide lilshotglasa
@lilshotglasa, You're not seriously trading based on comments? Gold is quite volatile, you have hope no bad news of any sort come out if you're on the selling side. Important earning numbers tomorrow morning and after hours.. if the market tanks, gold might gain a little. Not sure the rationale why it would sink any time soon while the FED keeps printing. There are smart people out there preparing, even though the price is low, they'll keep buying on dips. We'll see.. I wouldn't wait too long if I was on a sell and it dipped.
+2 Reply
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