I’m only a fan of using MACDI and RSI on a daily chart and only for predicting change in trends, from the looks of this past few days I venture to say we could see a bullish market for gold in this couple of days, how long Will it last??? Who knows,
I’m personally increasing my long position.
I’m personally increasing my long position.
Comment:
Be sure to check my previous ideas on gold
Trade active:
If you are just entering a long position be sure to make it small so you can give yourself some room with your stop loss
Trade active:
NY closed and Gold same as yesterday, didn’t break 1200. I still see strong signals for a bullish trend so I’m holding my position but I tighten the stops a bit just in case.
Comment:
Be sure to check my previous ideas on gold
Trade closed: stop reached:
I was just stopped of my initial positions, made some profit, going to analyze and see if I still want to follow a long position
Trade active:
I still see no clear sign of this pattern reversing so I’m going to take a smaller long position with a tight stop
Trade active:
Got stopped again, with a small loss, but I opened a big trade long at 1188, I still see an uptrend and taking into account resent news of a possible impeachment for the US president maybe this is the reason of the change in the bullish trend of the USD and bearish of GOLD, Hopping this time it breaks 1200
Trade active:
Taking profits at 1216
Trade closed manually:
I was just closed the position at 1206.41 so long since I made such a profit, going to stop trading GOLD for the day
