Daily Trading Strategies on Gold/Forex

hold long
stop @ 609.5
target is around 620

 

again, gold ended where we started off for today.

it would have been very difficult to trade in such market.

imo, as long as it is above 609~610 range, we can expect an upside move.

if 609 is clearly broken to downside, around 600 would be next stop.

 

Oversold, ready to bounce up

 

here is 4h chart.

the indicators worked well before the breakout.

 

long gold @ 626.4
stop @ 623.5

long eur/usd @ 1.2961
stop @ 1.2930

short usd/chf @ 1.2466
stop @ 1.2505

 

long gold @ 633.2
stop @ 630
target @ 638

long eur/usd @ 1.2957
stop @ 1.2925
target @ 1.3020

short usd/chf @ 1.2462
stop @ 1.2505
target @ 1.2420

calls are just for intraday trading and valid only at the time of post.

 

Long GCJ7 @ $635.50
Stop @ Moved to break even
Target @ $675



I am a new metals trader please critique my trades.

 

hi elite trd4er - where is your stop in gold ?

 

I moved my stop up to $635.50 (which is my break even level). The April contract is trading around $640 right now.

Do any of you guys trade the outside months?

 

My target is a break out above 650