Should expect a gap on monday. and off we go to around 1241 area. If you take the trade please make sure you practice good trade management. Take trades and only risk minimum 15% of your account. SL at 1293. if we break 1293 then can wait for retest and buy. But ryt now bias is Sell. Im following the chart patter from 2016 at the same area. Notice we about to...
Following the long weekend, its a definite that gold will open with a gap. Will it be a Gap down or Up? if we suppose to retrace then we shud expect a gap Up but if we continuing down then will be a Gap down that wont be closed when market opens then we can Get potential extra Entries on this SHORT!
Lets see how it goes. Follow me for more awesome Trades!
Most people put all their faith in lines, triangles, indicators but the truth is the most important thing is Price action. Follow the price patterns, Identify your key price points, and look at the price formations at those key points. Its easy to spot a head and shoulders, or double bottom anywhere on the chart, but the real secret is WHERE they form and not...
I am expecting gold to drop to about 1207 before it retraces up. I only trade Gold long term. So this one is for those who are real patient and willing to ride out the tide.
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Told yall last week we getting ready to sell off. And Long Term. You always have to look at the other side of the coin If Trading was about popular belief we'd all be Balling. Make your analysis and also check the opposite. Whichever has the most confirmation, run with it.
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Took a chance an removed my SL after entry and soldiered it out but seems to have been worth it. Now SL is at entry so have nothing to lose and all the stacks to gain.
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I wont lie, I understimated how high it may go begore the drop, But Im expacting Gold to drop now. Remember always keep the risk low so you dont blow your account. SL's are very important.
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Having followed the historic Gold pattern We should be seeing a drop in Gold Prices for the whole of this next Quarter. The time is Now. Thank me later!!
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Rather trade what is least popular than go with the heard. Ever realized that when most people say Buy its better to sell? Why? the market does not move with hype but rather with Price. Look at historical patterns. Let your key price points Guide you to taking the highest probability trades rather than trading what you see as popular belief whether on social media...