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A thread for Gold traders


Djamel Brahimi

Question

I wanted to start a thread for anybody trading gold. For everyone to get insights and ideas on where they think it will move, how or even learn how to trade it.

I am looking for it to now move towards the 1700 level and would love thoughts and ideas below.

All ideas from people of all levels welcome...

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Great idea! I was just looking at Gold and thinking it will definitely break 1700 in the next week or so. I usually trade 4 hour flags so was able to get in at 1650. Will hold til 1700 which is some tidy profit. Think we will see a pull back from there. Seems to be a safe haven again after last weeks weirdness. Whats your view of the next week or so Djamel?

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@Mohammed Abdullah I tend to trade flag breaks on the direction of the trend.

So for example when price holds up a little at a certain level, when it breaks that level I will enter on the break with my stop at below or above the other side. I will send a pic outlining my strategy for all to see. Maybe by Monday or something. 

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