$8 drop since I posted this less than 24 hours ago. There are a lot of Bull SLs below the key Fibo support level.
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Took 10 mins since I posted above and done!
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$15 drop in 1 day. That is what I wanted to see :)
I am in this trade super green ...
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OMG
23$ in one day... See where I got in :)
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Gold will be dropping a lot more imo
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If you are going to join Gold short trade, I recommend you to wait for bounce and then get in. Would be great to see a touch of the resistance shown above. I see $1200 in a few weeks. You can have long term trade if you want but remember to reduce your leverage and trading size and stay in the trade for a few weeks. Please let me know if you have any question. Khan
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Here are my 4 most recent Gold trades for the last a few months. All hit targets ! I have got a good feeling that this fifth trade also going to hit the target.
Click and Play.
Trade 1) Trade 2) Trade 3) Trade 4)
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A Flag pattern is formed on Gold this morning on a shorter TF and has already broken the lower band of the flag and not going to retest the resistance.
Personally I do not like this flag as it not retraced enough imo, however scalpers may benefit from this.
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Silver short looks good too
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All precious metals down (Silver, Cooper, Palladium and Platinum) and Gold will join the party soon imo
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I see 1200$ but be aware of key Fibos. Any bounce on the Fibos may take a few weeks...
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This is the best trade I have had in 2018
Trade closed: target reached
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Thanks for following this post.
KHAN
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Weighted average USD going for a correction. Some long scalping gold is possible.
@martijn_vdb, Renter but may takes a while. maybe days or maybe hours. I do not know
CBMotivation
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This surprises me, what about Euro / Cad back in mid March, right through April, huge trade.
khansalarehsan
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@CBMotivation, Oh Man, I totally forgot that. Yesss and EURAUD if you remember. We both made a good money on EURCAD. You made more I think. But see how quick Gold offered me such a huge profit...
khansalarehsan
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@khansalarehsan, And once I got into Gold it reversed immediately like after 2 mins...
CBMotivation
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@khansalarehsan, I did very well on Euro / Cad, held that for 5 weeks, and Pound / Aussie, Yen and Pound / Kiwi was 800 pips, plus 565 of additional trades. Also sold Gold from 1325 down until 1280 and again on this leg, I’ve had some great trades this year. And Euro / Yen, but got caught on the rebound of that. Sold WTI down to 1266 as well.
Had some shockingly bad trades too, bullish US $ has rarely worked for me, starting to believe I only short everything these days lol.
You’ve had some epic trades, Eur / USD you nailed that too.
khansalarehsan
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@CBMotivation, I miss all those trades bro. Let's do it again :), How about USD/XXX long and XXX/USD short for the rest of the year. Seriously ... this is my plan ...
CBMotivation
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@khansalarehsan, going by the geopolitical situation, the bond market, increase in interest rates, lack of anything from the ECB but noise and more debt, Nickel, copper, iron ore, Oil and Gold, O and Brexit.... the only thing left to be bullish on is the $ and weaker pairs.... Aud / Cad etc
khansalarehsan
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@CBMotivation, 10000% Agree, I am waiting for OPEC tomorrow. I like to see significant supply and then with stronger dollar, I would short OIL and that gives me an opportunity to get in USDCAD for a cheaper price