Trading journal for gold silver etc.

[goyaltraderz]

Gold is working toward a diagonal triangle, this mean we may see a sharp fall ahead, at this time stop are too big just like yesterday soon will post a chart when i will come up with a appropriate strategy.

edit:

break of 727 would confirm this on the upside it should move from around 764 other wise failed diagonal triangle pushed the prices rapidly on the other side

 

[goyaltraderz]

looks like a clear breakout to the upside will try to buy around 767 for the move to 777

wat i know from mine experience is that this type of breakout to the upside may lead to substantial move so will see wat happens

edit

moving but limit to 765

edit

moving stop to 762.50 have to go will be back in an hour to see wat happens to this trade

edit

came back and stopped out

 

[goyaltraderz]

well that trade was worth a shot. may be i could sell again after seeing the triangle in 5 min chart well this seems to me the fake breakout this mean tomorrow we may see a killing day

 

[goyaltraderz]

new highs with the less volume also confirms this.
beside this it seems like a false breakout. So pog should be down from here
if the pog break the today's high then all this scenario will be discarded.

 

[goyaltraderz]

fed lower the rate, for this reason although gold has discounted this decision but still showing more then expected strength so currently flat and waiting for a good setup to come up. besides this fed days always are cautionery day and difficult to trade with.

 

[rishig38]

fed lower the rate, for this reason although gold has discounted this decision but still showing more then expected strength so currently flat and waiting for a good setup to come up. besides this fed days always are cautionery day and difficult to trade with.

GOLD MCX could come close to 12550 as it is a strong resistance right now..if it breaks that level, then it will become a very very strong support...right now, the support is at 12140-50 level....

 

[goyaltraderz]

GOLD MCX could come close to 12550 as it is a strong resistance right now..if it breaks that level, then it will become a very very strong support...right now, the support is at 12140-50 level....

good to see that someone read this post, same view here if gold cross above the 774 then the next major resistence should be 784 also please try to upload ur charts

 

[rishig38]

GOLD price in world market right now at 776....does that mean we will have a opening of 12500+ in MCX??

 

[goyaltraderz]

GOLD price in world market right now at 776....does that mean we will have a opening of 12500+ in MCX??

yup also depends on the opening time and doller/rupees.
when would the mcx open?

 

[rishig38]

yup also depends on the opening time and doller/rupees.
when would the mcx open?

around 5pm....