you are right, I shouldn't, I'm just bummed out that I did not hedge @1460 or took profits once I saw it's stuggling to break that level with red news coming up. Ended up closing at BE so no harm done but def missed out on a solid profit for the ...

4 + 1 (Metals) strategy

Look at Daily/Weekly charts. Impeachment won't happen, whistleblower is BS and call was fine. Gold is way overbought, if bulls wanna take it to new heights i.e 1600+ there is a big time lack of steam, plus its a bit risky to pump gold 1 week before ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

wow 2 months to form H&S and 1 day to break neckline....gold bears are useless. Closed my short from 1492 at BE... to think that yesterday that trade was running in over 1k profit ffs. Looking to short again around 1496 handle

4 + 1 (Metals) strategy

to be honest I had no idea I could do that.... I'm indeed on MT4 . I have 2 accounts, already took a small profit on one and let the other one run with TP at 1450, but yea it's been not the best watching the profits trickle down with no ...

4 + 1 (Metals) strategy

Do you usually take many small trades and close em as it drops? My mistake was making it 1 order with a fixed TP, perhaps spreading both out will generate less profit but more consistently

4 + 1 (Metals) strategy

nope, was just 1 big order with TP 1450 so I didn;t account for the economic data to have such big impact. Shoudl've hedged prior to news but still learning the game . Still think it's a good entry, expect us to range sideways between 1490-1450 ...

4 + 1 (Metals) strategy

still holding shorts since 1494 so I feel like I'm safe, might add to that short if we reach H4 sell zone for sure! Just bummed that my TP was 2$ short of that spike so now profits have been cut in half but oh well, it's probably gonna go back down

4 + 1 (Metals) strategy

was 2$ away on my short TP and this shot up lolll, still expecting 1450 levels to be tested, just later in the week I guess. Forgot to set TP before the data came out, lesson learned!

4 + 1 (Metals) strategy

I'm not expecting any meaningful retrace/MA challenge until we hit that 38.2 fibo at 1448, based on technical analysis. Ofcourse if the data coming out later is bad for the USD we might see a rally upwards which will be great for adding to shorts. ...

4 + 1 (Metals) strategy

I'd be careful here mate, there's a 50% fibo at 1468 that was historically strong resistance on the rise to 1500's, seems to be support turned resistance on the way down again now, ofcourse some fundamental data could shift this but i'd keep longs ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I'd be careful here mate, it might go to 38.2 fibo levels on the daily, around 1448-1450, wouldn't wanna long this anytime soon by the looks of that H&S

Metals Commentary with GoldExpert

ouch trailed and got stopped but added a new buy at 1501, expect some kind of bounce at this psychological level

4 + 1 (Metals) strategy

good day everyone! Gold is forming a bearflag on H4 imo so i'll be looking to sell during rallies. FOMC is projected to provide a 25bp cut as market expects, but with a hawkish tone which should drive gold down to my original target of 1452. if no ...

4 + 1 (Metals) strategy

seems to be tagging the ema200 on the H1 chart, will see how price reacts here to determine direction, still time to close the gap before the meetings tomorrow imo Edit: gonna take a risky short @ 1504 SL 1512 TP 1486 let's see how it handles H1 ...

4 + 1 (Metals) strategy

m15 200 ema and 1H 50 ema providing some strong resistance, bears might not be done. IMO they're pushing for 1450 38.2 fibo retracement at least before another leg up.

4 + 1 (Metals) strategy

hourly would need to close above to confirm for me, could be a false breakout/bulltrap edit: also that H1 ichimoku cloud right above is gonna need some momentum to break, which I don't rly see how seeing as USD is up SPX is up, just my 2 cents

4 + 1 (Metals) strategy

that neckline is conveniently located at a major support turned resistance 1492-1494 levels so honestly it could go either way imo, my best guess is it stays in a tight range until ECB tomorrow when it makes a sharp move up or down.

4 + 1 (Metals) strategy

I'd be careful with making any position entries now, NFP is tomorrow and personally i'm still short waiting for a test of that 1495 area, seems like 1520's is a support turned resistance. if you zoom out you'll see gold still needs a further ...

4 + 1 (Metals) strategy

I'd aim a bit lower around 1490 for the bottom of the previous consolidation channel for a buy

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Gold going through levels like butter, fundamentals doing all the work, great ADP, china news plus trump hinting on a good NFP tomorrow it feels like this is a long needed correction, RSI divergence on the daily, 1522 seems to be barely holding, my ...

4 + 1 (Metals) strategy