Gold Gold Daily Video, May 16, 2023

[Sive Morten]

Good morning,

Major concern around gold now is not with the nearest downside target - it remains around 1985$, but, in a depth of upside bounce.

 

[Tchurik]

Hi Master Sive,
Again your short trade was perfect!! I didn't hold it long enough though, but now i guess we're in a big daily zone to try some buy entries. Thanks

 

[Sive Morten]

Hi Master Sive,
Again your short trade was perfect!! I didn't hold it long enough though, but now i guess we're in a big daily zone to try some buy entries. Thanks

Hi Tchurik. Be careful with longs, investors start accumulation of USD to finance margin drops. I've explained this in video today.

 

[Tchurik]

Hi Tchurik. Be careful with longs, investors start accumulation of USD to finance margin drops. I've explained this in video today.

Thanks for the warnings, always careful with a strict money management!! Thats great intel you put on the table with the margin assets collateral in bonds, will definitly keep that in mind. Anyway my buy zone would be from 1970 to 1985ish, and i will enter with a signal (H4 or daily breakout in the zone) but even if we would go to the next zone around 1920 that would not impact the bullish trend. So I call it nice opportunity!