For gold, this daily chart is still bullish, I know some traders would try to short it, esp a bear trap yesterday appeared. A blue daily chart is broken and still valid only if price wont go higher than 1345. We were trying to short it with sl at 1345. But this is no right if there is not a strong bear sign on daily chart, AND ITS RISKY. We should follow the trend. Right now no good entry to long or short, but to wait, to check how price behave on the blue zone. Some sort of correction is expected to happen on that zone.
Less is more!
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On daily chart, Gold hit the blue target zone. But still have no reason to short it yet.
Ocer bought on H4 and Daily. I sell from 1348 and TP is 1330. I see no pin bar or any other sell sign yet
FUNTRADER-Vera
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@Glendooie, i think thats a little b early.
Glendoonie
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@FUNTRADER-Vera, Thank you, I really appreciate your saying that. Allow the market to test 1375 and the look for the sell signal before I place an order.
FUNTRADER-Vera
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@Glendooie, you are welcome./
Glendoonie
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@FUNTRADER-Vera, Despite your good advice I did not change my gold sell order so it was triggered during my night. And that means I am in for the up and down trade. It;s a bit in the negative right now and if I adopt your TP of 1378 (thank you very much) I may end the weekend with a smiley face :We can both end our repective weekends with smiley faces :-)
Glendoonie
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@Glendooie, Oopy, now I see your target is not your TP. Is it your POE perhaps? It's too late for me as I am in the trade and market price is 1352 - ouch. :-(
Glendoonie
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@Glendooie, English, eh? A horrible language where the same word can have different meanings. My ouch, but only a small one. Better to have no ouches though.
monitorr
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@FUNTRADER-Vera, Is there any likely hood of a bounce at $1326?