Loii
Short

2 SCENARIO FOR GOLD BEARS!

FX:XAUUSD   Gold / U.S. Dollar
1169 13 26
2 SCENARIO FOR GOLD             BEARS!
I will only not be shorting big (only short scalping), instead i will wait until this bottom to long big!

my bottom is 1243 or lower. this is then followed by a strong bull till 1340-1360

$1243 is 61% retracement from 1200 to 1315
Comment: This will make a higher low, it can go as low as $1224 and as high as 1243
Comment: This can also be in play if we see support at 1263
GOLD BOUNCE OFF KEY SUPPORT LINE - bull
Comment: I DO NOT RECOMMEND TO SHORT! best strategy is to buy on strong support, hard to tell where the bottom is atm. but 50-61-78% retracement is possible.
Comment: i will be long or short long term, i will be scalping the range,
Comment: *i will not LONG or SHORT!
Comment: will be scalping the range, long & short with small lots until trend is more clear
Comment: short scalp 0.2 lot from 1295.23. tp= open, sl=b/e sl
Comment: trading the range, short from 1298 until 1271 or so. might long from there for $10-15
Comment: my retracement targets are 1263, then 1243
Comment: holding my shorts. 1.1 lot atm :D
Comment:
GOLD BEARISH CYCLE
by when it will drop??
Reply
8 days till brexit
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shell we go short now till 1250?
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Loii isaac312
short scalp with tight sl. if ur worried about briexit, stay out until we bottom then long
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Hi All! If you do not mind letting me, may be others as well, know what financial instruments do you use to short this move? Options,ETF's, something else? Just for this particular trade. Your response is greatly appreciated! Thank you kindly!
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Loii marketpundit
CFDs. i use this broker: lkhedge IC Markets IB
http://icmarkets.com/?camp=1356
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Awesome! Thank you enormously! will look into it shortly. I trade options and etf's mostly for now.
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I caught three coming up at 1216.2. What a enlightening experience due to the path PM's trend. I am content with the profit banked and the experience will ensure I capture more later. Thanks Loii for your input and "warrior" spirit!!
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what tool do you prefer to create a price channel? thx
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Loii DanielAnthony
my brain and 2 parallel lines lol
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give me the details, of your trading style :D
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Hi Loii, I'm looking for a goodish entry to sell..would I be best wait until it is below this level ie 82-78 before entry as this has Hugh support,, after here the support and resistance, seems much weaker.?? Would appreciate your valued opinion ..cheers Ron NZ
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Um, not for scalping,,more up to Brexit vote, r
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