VasilyPonomarev
Short

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
✅My Twitter: https://twitter.com/VasilyTrader
✅FREE Telegram https://t.me/VasilyTrading
✅Your personal trading coach. Contact me for one-on-one online trading sessions.

❗️Trustful Broker http://bit.ly/VasilyBroker ❗️
yes gold will go down
Reply
Hello sir... Are we still waiting for sell...?
Reply
@KungKOX87, hey man! you can check the update in telegram group!
Reply
KungKOX87 VasilyPonomarev
@VasilyPonomarev, noted... Tq...
Reply
Nice chart! gold valid broke up this triangle?
+1 Reply
If you use a US Broker who disallows hedging you're fucked.
Reply
Good analysis as always Sir. Tnx
Reply
ope
Reply
I am currently in a sell with gold and am a little worries. Should I keep the sell?
Reply
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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out