Daily Trading Strategies on Gold/Forex

thank you i only put on 300 but if it keeps moving i'll add to it , im looking at it as a longtrm buy not a day trade or swing.
thank again for getting back to me on this .. phil
 
gld trader i wanted to ask you a general question if you dont mind , you seem to knw alot about this stuff. I think oil is now going higher for the most part . I bought vlo . if the market sells off is it better to dump it even though oil is going up but the indexs down ? thank you
 
Quote from phil1424:

gld trader i wanted to ask you a general question if you dont mind , you seem to knw alot about this stuff. I think oil is now going higher for the most part . I bought vlo . if the market sells off is it better to dump it even though oil is going up but the indexs down ? thank you
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here is analysis on vlo (valero engergy group).

current trend: up

potential of moving higher.

because downward movement has been slowing down. you can see red and blue alternate colour bars. (they are not congested)

54~55 level is a strong resistance, but it is likely to break to upside.

stoploss should be around 49~46.

it has been bottoming in sep/oct. and there is an evidence of buying at bottom.

to summarise, it is to buy or hold long.
 

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thank you goldtrder for you review of the stock . Its another position if it goes in my favor i will add on to . currently long 300 gld and 200 vlo
 
current resistance 630 is again to be watched. if gold made through 630 this time, it would probably hit 640 and 650 directly.

trading below 624 would indicate a correction toward 608 level.

current gold trend is extremely overbought and apart from this, entire medium and long trend are very strong up.
 
Quote from Gold Trader:

current resistance 630 is again to be watched. if gold made through 630 this time, it would probably hit 640 and 650 directly.

trading below 624 would indicate a correction toward 608 level.

current gold trend is extremely overbought and apart from this, entire medium and long trend are very strong up.
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yesterday, gold fell to 608 briefly and then reversed to 625~626 level.

current trend is bearish although it is in a clear uptrend.

watch for a correction.
 
again, today, gold made a brief correction. it is possible that gold would retest 630 again soon.

short term trade

long @ 623.5
stop @ 619.5
target @ 627
 
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