Im thinking it will come down to the 0786 (1806 area) on the fib before i enter a long position.
Let me know your thoughts, ideas and any advice you may have.
Trade idea for gold. let me know your thoughts!
made a few mistakes entering a trade straight from waking up, but think itll come back down from the 1790s, possibly to even 1758, if not today some point this week potentially. let me know what you think.
My take on friday, IMO will be bit more action today nothing drastic until next week though. LDN should bring it up to atleast the 1820s if it breaks through we could be look at 1836-1850 during before it comes back down, but IMO this scenario will only happen if LDN can bring it up above 1820, if not back to 1808 we come if this zone is broken possibly will...
My take on tonight up until LDN open, most likely a ranged repeat of the last few days, possibly a break out up or down mid way through LDN session but lets wait and see how the it plays out until then. Goodnight!!!!!
IMO during LDN it will range 1806-1818, and then potential break during NY to the upside (1820s) or (1803) depending where LDN closes off.
Im guessing cos of holiday week its gonna end up being pretty range bound, IMO 1800-1820, if one of these do break expect down to 1770-1790 before a bounce back up, or vice versa 1820-1850 before it comes back down ready for next week where i think the big bull or bear movement will happen. (OPINION) What do you think???
Just having a play around with trying to draw trend lines, and just analysing the past market, i'd love to hear your ideas, let me know if you have any advice or tips!
What are your thoughts, will it break or not??? Drop your thoughts, ideas and advice!!!
IMO if during LDN gold breaks 1800, could go as low as 1770ish if it doesn't and breaks out back above 1813-1816 i reckon it will then begin the uptrend but may not have enough power to plough through all the resistance levels still has potential though, ill be keeping an eye on 1826, 1845, and 1880 and if it manages all those 1900s en route... Drop your...
My take on the next few months or so, The 1800-1810 mark will decide whether gold will sky rocket for the bulls or get crushed by the bears, IMO i think gold will bounce at 1800ish up to 1900 fairly quickly if we see this we can expect it to soar through the sky to the 2000s, if gold drops below the 1800 mark i think there is a high chance it will drop hard; ...
Overall before gold will go back up its gonna have to tickle that 1800-1810 market IMO, current trade entry at 1824, stop loss just under the 4hr (1820) low mark, exit and re enter short at the potential levels, (1836ish, 1848ish or 1865ish, until finally reach); 1810 where i will enter long postions with 5% trade stop losses in relevance to my margins all the way...
I'm a new trader and have recently been trying to get the hang of locating key levels, trends possible breakouts or potential market movements, this was an attempt i did yesterday morning, the day followed through pretty well with what i had in mind, however i suffered some losses rather than reaping my rewards (this time); came down to emotion, doubting my self...