gold was up and reversed from weekly high. now my view on gold has changed to stay aside. gold trader
i expected gold to be range trading, from there we could see a breakout today or in a couple of days. no bias at this moment. we would follow with the direction of breakout. good luck tradetowin
what is "O" ??? by the way ... the payroll numbers usually provide the "breakout" sometimes both ways in the same session !
in technical analysis, trendlines are the simplest form of identifying the trend. by using other technical indicators in conjunction with trendlines, it increases the chance of staying in the right direction of the market most of the time. good luck! gold trader
currencies ======= gbp/usd short - 1.9057 stop- 1.9100 eur/usd short-1.2828 stop- 1.2870 time: 23:00 BST gold trader
short- gold, gbp/usd, eur/usd some techical indicators (the ones i use) are showing that gold is weakening. i still hold my view on gold to be on short side. it could be valid untill fed rate announcement, i believe. but i ignore the outcome of fed's rate decision whether it is increased or no change. i will also hold my view to short on gbp/usd and eur/usd. more strategies are posted on the web site. we would be going in short side or long side at predefined price levels. good luck gold trader
XAU is just smashing ! But there has to be a way to get tighter spreads in the spot market, 0.6-.07 USD is just too much, imho. Where ( or through which broker) do the big guys trade Gold (spot) , anyone know ? I just can't believe they would pay those spreads - and the futures market is just not liquid enough....