Was Gold bought at 1050 level or just going to be sold at 1500?

I see Gold to be very bullish in short-term period (few weeks). I suppose we could see 1480-1520 area here. This level is logical in both alternatives - Bullish or Bearish longterm perspective.

Pay attention that this trade is going to be very dangerous! Momentum now is below the Moving Average - that could mean that seriously drop (1100-1150) without some previous grow could not be excluded. Professional risk management is mandatory trading Gold now!

Kommentar:

I have seen great Bullish signal at 5 min. chart: 5 bars above the average + trigger. I personally believe it is beginning of shortterm (longterm?) growth now.

Not able to buy more because already is fully equipped. Good luck in trades. Be carefully.

Trade ist aktiv

Trade geschlossen: Stop wurde erreicht

Trade ist aktiv

Kommentar:

Stil believe in 1500 area. Prefer to see this fall as false breakthrought.

However, it is crazy short pressure, so not exclude 1100-1200 comes true. But I keep my faith in Gold. Will see soon.

Goold luck and be carefully trading Gold now.

Kommentar:

Kommentar:

Would be happy to see something like this:

Trade ist aktiv

Trade wurde manuell geschlossen

Trade geschlossen: Stop wurde erreicht

Order storniert