Watching the market move let's see how it end for us to place the order
This is not a trade idea, we hold trades for a very long time for our retail portfolio hedging. Finally Gold reached the mid term peak summer is approaching and we are hoping USD will get a little boost from tourism, trade wars and sale rise. This boost will force gold to retest the major support level at 70ish.
This is not a trade Idea, we hold position for a very long time for portfolio hedge book. we are aiming British pound to rise against SEK at least before summer and it also seems like a very attractive trade for now as few big players are planning to buy many stop losses.
This is not a trade advice, we hold trades over a year as a hedge retail. we are aiming for british pound to rise during summer period especially before the new PM take position in the UK.
Gold finally hit the resitance and failed to break the resistance level of $1350. 4H chart is overly bought so far and we are looking to short this position once again. TP1 for us should be $1325 and TP2 1300.
Gold is exposed to $1300, added few more small short positions to enjoy the ride.
Gold broke the trendline and currently 1310-1300-1280 are in sight on 4H chart. however I will watch the current price level very carefully as it is a support of previous price trends for past few weeks. However for the long term trading it is viable to hold shorts until below 1280 and until june.
Gold broke a strong support at 1333 and should continue to retest the support level in 20s region. Bare in mind gold is nearly oversold on 4H charts and should show some small retraces. A mid term bull trend line is been broken last week, we are currently forming a small bearish trend. With DXY is testing its resistance since 2014 there are strong chances for USD...
It seems like gold so far cannot make up it's mind and still trading the news, even though gold broke the long term bull pattern twice last week but few fundamentals brought gold higher once again. We think it was either the panic in the market or there was a major SL hunt by few major players. As gold is still trending bear we will add more to our short positions...
Gold remain bearish as more and more traders would like to sell it. I will personally watch 1272 very closely as that is a short term bounce back area prices might go slightly higher on short term basis however in longer run we are still looking gold prices to fall even further down to hit the demand zone at 124x.