Gold with No Drama

entry right after m15 close (actually 1 min before it close)

So far we have only received core inflationn year on your news

How much time left for the next two items

BUT, I DO..

I generally don’t trade during news time because anything can happen. I said that based on experience—years ago I took losses during news, so I no longer trade during news, even though 90% of the time my bias is correct, like now

yeh I'm looking to take a sell at 4340 - 4341....but more sellers coming in it could keep going!

nice and sharp execution..patience being tested so well

I’m sorry, but I don’t know—I’m not aware of it

I will very easily get 4378 today

you are going with FXstreet poll.
you do know that this is not real?.

i hope you do because no one knows how traders will reach or what trump will say or do,
what russia will do,

or NOW CHINA FOUND GOLD,
they can mine it for next 10 years so,
maybe just maybe they will focus on mining gold rather then buying.???
.
it just might be better to see the real time gold movement rather then trying to predict it.
.
i was on SELL and still on SELL.
simple that is the direction.
whenever gold hits the high we sell.
and wait.
if it cross 4380 then we were wrong close and forget the GOLD.
untill them the High is in place means GOLD could hit 4200 even 4k,
who knows.
it could be wrong,
but well 17 years was long time to understand the gold.
and honestly 2020 actually i started in gold the Futures account.
till then i what i saw is actually cannot explain,
.
but maybe next time Arham will.
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but again we dont just change the Direction because i saw 20$ move. so now i am rooting for 4400 i saw one post i dont remember which social trading platform was that.
but many agreed.
and i am thinking 4400 it is already high.
the JP morgan bank last week sold 35B worth of gold.
that was just offical,
how many others are going back to stocks or currencies who knows.
.
but the fact is GOLD is and will remain NON yielding asset.
you can only make profit it the value increases.
and it is not BITCOIN which is 21M only.
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you can mine gold from hundred of years many countries are more focused on mining gold.
because the cose is very low and then GOLD is GOLD.
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the case now among the big players is.
and they have their own economists etc.
hedge funds have on average 10 .
anyways the Question now is

last year or this year 57% rise in gold is after 55 years even more.
that much increased a alarming question.

are we GOING BACK TO GOLD STANDRD?
.

for now i we will wait for 4340 again.
and fiday is coming and then next week market will be thin
holidays etc.
so most big players will get out.
its just a calculated risk.
.
i could be wrong hell many time i have been wrong.
but with proper risk management even when wrong you can make good profit from this market specially forex.
.
i have made hell of money before i moved to Futures.
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just be careful with leverage.
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i used leverage i will never say no: but with few trades a month trades you spend hours and hours researching reading baout economy and making fundamentals.
trying to look from every angle.
then leverage is a great tool to make 3 times even 5 times more profit.
but not every single trade should be loaded with leverage.
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that is why most never make enough to not have to use the leverage and still be making good profit.
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NO OFFENSE to anyone.
but be WISE when and which pair you use leverage.
pairs like EURUSD leverage is not a problem it moves 40-50 pips a day.
that is fine.

leverage in gold could be a great profit or BIG loss.
50$ move in gold lets analyze

0.01 GOLD 50$ move is 50$ profit or loss.
0.01 eurusd 50 pips is just 5$ so yes in eurusd i will use 3:1 or even 5:1
3:1 means 50 pips 15$ or 5:1 leverage 25$.
but in GOLD 5:1 leverage is 250$
10 times more then eurusd.
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so aging depend on pair and the daily average movement.
.

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choice is yours,
just try to think before you put in a trade how many months it took you to save the money you invested in this account?
how many small WISHES you sacrificed.
how many extra hours you worked?
and hopefully that will help you not to risk big among.
.
every trade carry risk, how much is up to you.

Good day.

Regards,
Muhammad

that was my only shot today and very high accuracy

Again Less probability..

Never Mind..

Tomorrow consumer confidence will comes strong because inflation fell
This is strong USD news so tomorrow gold will fall

Lakshmi ke Nana ke mama ke taya se poochh lo

nice call, its a scalp yes after that zone is taken which we are mitigating many times, were you looking at that as well? but if the momentum goes gold will breakout of this range.

am done for my day, made Good trading even though price isnt moving at all, Hope you all have Green Pips. 2 Red Ive made actually I was intended to close this Green as well, but I dont know maybe some latency difference from the broker or something.

ficlen gold dont want me to win

i sold gold again

Congratulations again, as always, my friend. That was excellent

this is very choppy for both side but i sold it from 4338 and 4340 only micro lots without stop or buy stop

If you hold long term you’ll be alright