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- TrickorTrade replied Jan 27, 2022
Gold broke 1830 but never retested it. If it does head up it will be to retest it. But there is alot of bearish volume. If 1810 level holds and heads up then it a double bottom on daily. Only can observe now. No good entry points for a trade yet.
Real Trading
- TrickorTrade replied Jan 27, 2022
Should have held this short. Would be up 1:9 RR. Trading is all psychology.
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- TrickorTrade replied Jan 26, 2022
So what are we expecting from fomc news and usd reaction of it?
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- TrickorTrade replied Jan 26, 2022
After few years of trading. I think I have decided to stick to only GJ and Gold. Might add Silver later. GU just moves little unexpected to me and GA great pair to trade but spreads too high.
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- TrickorTrade replied Jan 26, 2022
Yes all Timeframes indicate bullish momentum. Took short and closed at previous strong resistance and price came to retest it at 1844. Counter trend trade.
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- TrickorTrade replied Jan 26, 2022
Might now take the day off and trade tmrw after fed news
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- TrickorTrade replied Jan 25, 2022
Your analysis is right. I think so as well that Gold can go till 1860-1880. There is a gap that needs to be filled there. Only the fed news may break this ranging condition now.
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- TrickorTrade replied Jan 25, 2022
Yes you may be right. I just took trade based on Daily rejections and H4 rejection. Kind of a head and shoulder pattern on H1. Its all probabilities at this point.
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- TrickorTrade replied Jan 25, 2022
Took a short on GOLD with same analysis. Entry at 1841.500
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- TrickorTrade replied Jan 24, 2022
Why GOLD was a short today. Unfortunately I was asleep during this move.
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- TrickorTrade replied Jan 24, 2022
GJ is clearly bearish. There is a M formation on H1 suggesting bearish perhaps can short if it retests the neckline then taking entries there. Personally I would risk lower % as its not on high probability supply demand zone. If this neckline breaks ...
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- TrickorTrade replied Jan 21, 2022
Its little hard to understand GOLD true direction. It looks like it gave a break and retest of a level but also Head and shoulders pattern. I will wait to see market structure break to switch bias to bullish or 1830 level break to be bearish.
Real Trading
- TrickorTrade replied Jan 21, 2022
Gold short closed 1:1.2 RR. If 1830 breaks will re-enter the short.
Real Trading