rizmalik

rizmalik

It seems like gold so far cannot make up it's mind and still trading the news, even though gold broke the long term bull pattern twice last week but few fundamentals brought gold higher once again. We think it was either the panic in the market or there was a major SL hunt by few major players. As gold is still trending bear we will add more to our short positions...

rizmalik

Gold remain bearish as more and more traders would like to sell it. I will personally watch 1272 very closely as that is a short term bounce back area prices might go slightly higher on short term basis however in longer run we are still looking gold prices to fall even further down to hit the demand zone at 124x.

rizmalik

It was a great trading week last week, Gold might retrace a little but overall we have a bear trend on gold. We might see gold going to touch $1256ish and then rise back near $1280ish. Unless the bear trend continue and break the long term trend at support level $1256. I am just going to watch for a little while and react as per market behavior. Keep your trades...

rizmalik

Gold once again is heading towards its major trend bottom line we are hopeful it will break $1255/1256 price this time. Once $1255 price level is reached we will wait for some bounce backs or for a new trend setup.

rizmalik

As we all know it might be all fundamentals on monday morning as Fed chairman wanted to speak over the weekend. but we still think gold is heading towards testing its lower band of $1250 (overall long trend) it seems all simple but it might take a week or two to reach my pending buy orders near $1255-$1250. currently we are looking at Gold reaching on $1265 very...

rizmalik

Gold this morning attempted to break its new resistance level on $1305 which it failed to do so. We believe prices will go lower than the current level at least until $1291ish level. Where we can see a little support in longer run if we do not see gold rise we can see prices near $1240 (which can offer some good returns on trader's short positions) however if it...

rizmalik

Gold struggled to break $1300 and currently hanging over $1294 once again which is a very strong support/resistance at least for 2017. Even though it is overall a bull trend but it already is hard for gold to find buyers or should we say bulk buyers, Gold is below the mid trend line. We should keep our minds open and trade safe. However we are always looking to...

rizmalik

As gold broke it's 15 minutes price action trend line all of my long positions are activated now and it seems like it will head towards the 1H upper trend line towards $1283, Traders should keep in mind $1280 is a very strong resistance which gold struggled to break few times now. After $1280 we will wait for further confirmation weather or not gold continues...

rizmalik

Gold struggle to find major buyers at this stage and continue to head down, I guess it will hit $ 1265/1262 soon. That is one major resistance however it require to go until $ 1249ish until it reach the major bull trend bottom. I closed some of my short positions (as they hit TP). Let's see if we will see $1200 again or not.

rizmalik

Gold is struggling to break $1280ish level despite several attempts, however some buyers are still hoping gold to top up over $1280 so they can release some of the previous trades. Yellen's speech can bring few spikes in the market but gold can also return back to the old bear trend line below $1270 (which seems more likely). I personally will hedge any position i...

rizmalik

Gold continue with its bear trend and as a trend follower we should simply be friends with the market, Gold failed last week to break above 1292ish level which is one of the major resistance level and bounced back to the previous down trend channel. I think it is reasonable to look for 126x as your first target and 124x as your 2nd target. We should keep our SL...

rizmalik

Shorting a small position

rizmalik

target achieved

rizmalik

Target Achieved

rizmalik

Short

rizmalik

Shorting a small position

rizmalik

Shorting a small entry

rizmalik

Long