Long

The greatest bull market on earth - Buying Opportunity

Updated

Gold is in secular bull market continues to climb a wall of worry.

Recent fall in gold prices have offered a buying opportunity for investors. Expecting rebound to All-Time High and beyond. This is bargain price.

Buy the dip.

Stop Loss $1,846.

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We bounce from falling trendline broken. We might facing some barrier at $1,900. No straight line market. BTW, Im trading with futures market at same structure.

Manage your risk properly and act accordingly.

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As we approaching the US election day in November 3, we need to be prepared for an increasing market volatility and nervousness and high sensitivity to news related to election. We have to expect increasing false signals where supports & resistances, retracements, patterns, indicators and projections will be less respected. Be prepared for a sudden change in the markets direction due to any news hitting the market. Exchanges and brokerage firms are expected to increase margins due to the high uncertainty surrounding this election causing high risk trading. High caution is recommended.

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Welcome back $1,900. Stay the course.

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The perfect storm is building.

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Today is the day.

Based on US election google live update, we can see from the map trump leading with unofficial results:-

Official declared + Leading electoral vote from state

Trump 293
Biden 244

Be extra careful. Move stop loss to break-even or trailing stop.

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Whatta rally....! We approaching a key resistance at $1,930, expect a strong up break here. It is only a matter of time.

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We broke a key resistance $1,930 (Minor resistance $1,923) and now become support. The party has just BEGUN!!!

Be brave when others fear. Always buy the fear!!!

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Whopppss!! Hit breakeven. What's causing the market to drop? Yeah I know because of vaccine optimism sentiment. The drop was just a market hiccup. Again, Im buyer here GC $1,850. Stop loss $1,840.

Spot Gold current market price $1,842.

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GC $1,850 HODL. Dip buyers get another chance. Short term pain but long term uptrend still OK. Downside limited.

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10 more days for expiry of the December COMEX contract. Stay the course. Will be wonderful to watch...

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Hold GC $1,850. I am going to use dynamic stop loss with maximum SL GC $1,825.

Im expecting the drop as I saw spot gold price $1,842 since November 10 update. Dip buyer get another chance.

Trade closed: stop reached

Stop reached. 1.2% total loss from equity.

Risk to challenge $1,793. Waiting on the sidelines.

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Longed GC $1,782 & $1,777. Stop Loss $1,770.

Spot Gold price touch $1,770 on my Bloomberg feed.

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Manually closed GC $1,782 order at $1,790 with profit. Let $1,777 run.

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I think we could get some pretty violent action between now and the end of the year.

Lilie-Lily

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