I would urge caution going forward. This damn thing is about to reverse any day now. 3200-3220 would be the top IMO. Good luck.
Thanks for the heads up (I can get tunnel vision at times) I have been taking profits pretty quickly and keeping my stop tight for that reason. I've cut a few winners short but at least I've been able to get something out of it.
If all there ever was - was buy and gold holders the price would never of change all that much, other than for inflation.
Wednesday Daily 2hr 30min What I'm looking for: A retest a reversal pattern deep in support close to 3100 Price to move up and break the current (potential) Counter-trend Line and get back above the 50 EMA. Then I'll look for long setup entries What I'm mindful of: Tariffs are meant to come into effect today. It could produce some extra volatility/opportunities. I'm not sure what the exact impact will be so I'll follow the price action and only take the trades that make sense me (if any)
Today is also another great day for day trading gold futures. So far there are 5 swings (up down up down up) and there will be more to come. Each swing is worth about 200 ticks (equivalent to $2000 for one lot). 5 swings --> 5*$2000 = $10,000 / lot We just need to catch just some of it. Only a trading deity can earn >$10,000/lot/day day trading gold. Use 50V and 100V volume charts to day-trade gold.
Yeah I noticed the same thing but the price just keeps climbing and support keeps holding. I'm expecting a sharp drop at some stage but until that does happen I'll keep buying and taking quick profits. I've learned not to try and pick to the top of a climax especially on HTFs. They usually go much further than I think they will. (This will probably be the time it doesn't go any further hahaha)