Daily Trading Strategies on Gold/Forex

Well done to gold trader. You did very well!

Can you share your strategy to me by any chance?

 

thanks. my strategy simply based on technical analysis. i didn't use anything special. but i devised my own indicators following t.a rules.

gt

 

Goldtrader, where do c gold today?

Oil rose during asian session......will gold follow it for the bounce back?

 

gold would fall targetting 603~600.

watch for quick reversal.

gt

 

hello sir

when you post price targets for your gold

are they "spot" ( cash ) price or futures price ( month ? )

 

I usually trade XAU/USD - so spot i guess.........good luck in trading gold..........its one of the tougher commodities to trade out there

 

all of my calls are gold (spot), you will need to adjust with futures contract months.

gt

 

sell (gold spot) 615
stop 620

current price 615

gt

 

now, i think, i will stop my bearish view on gold for a few days.

any reasons? yes.

gt

 

Long (Gold-spot): 616
Stop: 610
02:00 BST