XAUUSD Thread

[Passiontrader]

Even though it's getting close to oversold I think there is still room to the downside. Target around 1430

 

[kingsman]

Even though it's getting close to oversold I think there is still room to the downside. Target around 1430

I am waiting for yesterday low clean break and retest to enter my trade and make 5% profit in that one. It can go even lower than 1430 as well. Lets see if this happens or not.

 

[Passiontrader]

I am waiting for yesterday low clean break and retest to enter my trade and make 5% profit in that one. It can go even lower than 1430 as well. Lets see if this happens or not.

Here are the levels I'm seeing

 

[pezz55]

Even though it's getting close to oversold I think there is still room to the downside. Target around 1430

hit a double bottom yesterday making its move back up time to ride it up for december

 

[fxstrategist]

Gold returns to the 1555 zone, which acts again as a support. The price has a good resistance around the 1600 level, but for now it may keep oscillating around the 1555 level.

 

[Treacle]

Had to happen i guess....

 

[fxstrategist]

Gold plummets as the Dollar takes center stage again as the preffered safe haven instrument. The price drops from the 1650 level to below the 1600. To the downside, the 1550 level could act as support.

 

[Treacle]

Boy did that drop hurt my account

 

[Petezaa]

I think we will see 1670 this week for sure, looks like it wants to go to the moon.

 

[pezz55]

Does any one have a simple strategy they use when trading gold?