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.
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.
Note
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.Note
Welcome back $1,900. Stay the course.Note
The perfect storm is building.Note
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.
Note
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!!!
Note
GC $1,850 HODL. Dip buyers get another chance. Short term pain but long term uptrend still OK. Downside limited.Note
10 more days for expiry of the December COMEX contract. Stay the course. Will be wonderful to watch...Note
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.
Note
Longed GC $1,782 & $1,777. Stop Loss $1,770.Spot Gold price touch $1,770 on my Bloomberg feed.
Note
Manually closed GC $1,782 order at $1,790 with profit. Let $1,777 run.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.