I’m starting this thread so that myself and other gold traders can discuss techniques, systems, and individual trades that we make. I’ve been trading gold for almost a year and a half now. I started my trading career with currency pairs and soon realized that I could limit my losses and take better profits with the oldest currency of all—gold.
Without any further ado, I’ll list my latest trade:
All of these indicate a bearish move.
I’ve gone short at 1105.90. The spread for all of my gold trades is $1 regardless of market conditions. I will stop loss if the sell price reaches 1110 and take profit when the seven period moving average on the one hour chart begins to move upward through the fourteen period moving average.
My recent outlook attached.