Daily Trading Strategies on Gold/Forex

[winlots]

Well done to gold trader. You did very well!

Can you share your strategy to me by any chance?

 

[Gold Trader]

thanks. my strategy simply based on technical analysis. i didn't use anything special. but i devised my own indicators following t.a rules.

gt

 

[winlots]

Goldtrader, where do c gold today?

Oil rose during asian session......will gold follow it for the bounce back?

 

[Gold Trader]

gold would fall targetting 603~600.

watch for quick reversal.

gt

 

[SethArb]

hello sir

when you post price targets for your gold

are they "spot" ( cash ) price or futures price ( month ? )

 

[winlots]

I usually trade XAU/USD - so spot i guess.........good luck in trading gold..........its one of the tougher commodities to trade out there

 

[Gold Trader]

all of my calls are gold (spot), you will need to adjust with futures contract months.

gt

 

[Gold Trader]

sell (gold spot) 615
stop 620

current price 615

gt

 

[Gold Trader]

now, i think, i will stop my bearish view on gold for a few days.

any reasons? yes.

gt

 

[Gold Trader]

Long (Gold-spot): 616
Stop: 610
02:00 BST