It closed under 1225 bringing 1193 back on table, I will hedge my long orders right on opening in red box and close them only if we get above 1234, once we get above that route to 1383 has started.
My trading involves dynamic levels where old Resistances / supports are not reused for next day, so don't ask me why my plan change. I am not changing it, market does it.
Downside risk become active again with 1193 on table with this close below 1225, so to be 100% sure I will close sell hedge only above 1234.
I am leaving TV for now as I have stuff to do.
Company A ( the buyer ) would love to get gold cheaper is what I know, so they may try to get it lower by printing good CPI data later today, or just by selling more contracts this week. Remember about 1193-1180. That is still on table with yesterdays close price. I will be unreachable for now. Trade with care.
I sometimes really don't understand what is wrong with you.. are you grown adult that can adapt to market condition changes, or are you too emotional? Look at this idea:
Look at other ideas.. I warned about possible drop and that gold can fall, but 1383 is a target that will come.. Where the hell I said that it is not comming?
One day after market close 1193 faded out.. the second day market conditions change suggesting more drop.. I am not drawing some lines on chart or patterns.. I am working on dynamic levles and close price is setting the destiny.. I am not the guy that reuse old supports and resistances the next day if conditions change.
I thought you would appreciate the warning about downside risk, but you come and scream at me now.. I know that If I would not make this idea.. you would come under " It is time to buy idea " and scream - ohhh see it dropped.. where is 1383? You said it is time to buy.. now it drop..
You are never satisfied.. I can make one idea a month and trade it if update / warning about drop is somehow bothering you..
If gold doesn't drop to 1193 ( I said it gazzilion times it is not obligated to do it ) and go now to 1383.. again you will come and say ohh you said 1193 now it come to 1383 where is 1193? If you are that type, then I want you to be off my follower list.. market conditions change.. and today after close price new levels can come again taking 1193 away from table..
But somehow I don't care If that happens I just close my sells and flip to longs
But seems there are people that cannot adapt.. you are like a bull running into red flag.. Leaders are not acting that way.. they are felxible and adaptive.. with your comments you show you are not a leader, and you will nev er become successful independent trader with this mindset! Now hate me and hit that unfollow button! I will appreciate it a lot!
They gave me PDF of 10k pages and said LEARN. 10k pages in persian language.. with no explanations whatsoever.. I had to spend years to translate page by page and learn.. nobody hand me a holly grail with explanation and targets. Go hard or go home is what they say.
I am holding my short trades open, and if situation changes after close price, I will update again, if close price favour buy, I will close sells.