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Daily Trading Strategies on Gold/Forex
- Thread starter Gold Trader
- Start date
If Silver goes up then gold goes with it as well......................
Gold is difficult to day trade...............i agree, its not the best short term vehiclel out there, Forex might be better if you want to daytrade, but gold can be profitable, you might have to adjust your period of trading if you want to trade metals.
Gold is difficult to day trade...............i agree, its not the best short term vehiclel out there, Forex might be better if you want to daytrade, but gold can be profitable, you might have to adjust your period of trading if you want to trade metals.
violation of 617 invalidate my view on upside b/o. i think downtrend line has been violated.
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sell gold (spot) - 617
stop - 621
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stop - 621
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Quote from Gold Trader:
sell gold (spot) - 617
stop - 621
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At the moment I'm waiting for a long signal - yesterdays noon (ET) onwards price action on the hourlies to me looks like a change of direction for now. Thinking to enter the pullback by early US trading time - and hold till 634. Waiting for price action to confirm.
gold fell as expected. i belive it would test 600 level.
current price - 614.5.
trailing stop should be moved to 617 (entry) as there is a sign of reversal to upside.
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current price - 614.5.
trailing stop should be moved to 617 (entry) as there is a sign of reversal to upside.
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my view to short gold-spot is no longer valid at 615.5.
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now, i think gold would fall today.
short again at 613
stop - 618.5
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short again at 613
stop - 618.5
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