Hello traders. This Drop is a pain for a lot of people but I can assure you it will end up in the money, if you are hedging, it will be okay. I don't get sell signals at the moment, but I warn you about possible downward movement to 1190-1180. Gold is to be back to 1380, and even if it drops to the box lower, it will be back to see upper levels. You will be okay. I don't know why you bought up there again, I posted in one of my ideas the Confirmed bull teritory level which failed to break, and this is where you add longs. Why? Never mind, hold tight, it will end up in the money, but be ready for one more leg down. We will check on smaller time frames to spot when the reversal comes. I said I won't be here since I have things to do, but I will manage my time to keep you updated, because some people are in serious problems! Remember, never ever close your hedge sell down there in the green box.. You have to save your account not, make profit, I will post the right strategy how you should operate in this situation, but if you close it down there and you have buy exposed without hedge and you think oh well if it goes lower I hedge again, you have to stop investing and question your mindset.! TPP
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This is Idea I posted bull Teritory No consolidation aboe that level.. went back below in seconds.
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Close Price today will set the temporary direction for Gold next week, so Close price is very VITAL today. There is one level that will decide. If we close below or above.
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A guy contact me and show me account he has buy open at 1353 and 1330 He hedged in the last moment and his margin is lower than 1k on a 50k account. So let's find the retracement to see when gold start the path to 1380 and this guy become happy again. Everything will be okay.
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When I hit 1 thousand followers, I will open new project that I said I will, that can be very interesting, and who knows will we succeed. I will open 1k account and set it for live stream 24/7 in public space, and we need to turn this account in 100k. I don't know will it happen, I don't know how much time it will take, but at least it will be fun to try, and go thru such a challange. I will update the view on gold after todays close, but bears should be out of this game soon, But I think we hit the green box for that.
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I want to remind you, DO NOT close hedge sells over weekend, you can get yourself in huge trouble! Hold them open. If there will be gap, nothing will save you!
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Seems we will see selling again from around 1232 next week, so I reckon green box to be met during next week. Happy weekend, and see you Monday with new Idea with updates!
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Monday Gold should open lower because there is one unseen Sunday target. We can hope that gold reach it Sunday and come back to open where it closed, but it can as well open lower at that target. I am not sure just saying, that is why I told you to not close the sell hedge positions, because it can end up being a nightmare. We close them once we get confirmed reversal to see the target 1380. Cheers,
Hi TPp I am glad I mind your advice. I hedge heavily and save my neck at the moment. Hope I will survive this. Appreciate your concerns and ideas. God bless you.
@TPparadigma, do you want it waffle looking type or regular looking one? For jam do you want sweet or sour taste? He he.
allanrcferreira
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Hi Bruno! Looking at 1183 level and 1155. Agree with you that good will go up again, but a no hike in December??? If FED don't hike, 1380 for gold is very conservative...
TheZabisyu
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@allanrcferreira, Hi. Gold don't need this all to make to 1380 anyway.
DigitalNomad
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1k account wow, why don't you take screenshot of your current account & post it out. You won't bcos you dont have trading account, Right sir ?
tmanuelasorina
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Hi TPp
On the last 4 h it appear a bullish candle.On my trading isten that bullish candle signalize a bullish move and depends from others indicators.But sooner the move will be bullish.Unfortunately I can not show you here on this site my trading sistem because it works only on mt4