Gold is currently weak. Overbought I presume.

Massive crash is being expected.

Gold update

I expect gold to get to 2405 region by tomorrow.

From there the bearishness will begin.

Gold Alert

Buystop 2380
Stoploss 2370

Target 2460

Cc samfelly

Gold is on colos. At this speed, we may be seeing 2447/57 by tomorrow.

Let's hope the bears stay off until then.

Gold Alert

Buy 2350

Stoploss 2345


Target 2400

Gold about to buy?

I have a feeling the buy may resume by tomorrow as gold finds support.

Possible area to watch for support is 2307 region but then anything is possible.

Just that I'm not comfortable selling when everything is telling me to expect buy.

Dada4me:
Help urgently needed please.

Good afternoon everyone,

I am in dare need of Two Million Naira (#2,000,000.00), for school 🏫 development.

I will pay back Two Million, Four Hundred Thousand Naira (#2,400,000.00), in monthly instalment of One Hundred Thousand Naira (#100,000.00) in 2 years (24 months).

I can travel to any part of the country if you want me to meet you physically.

Thank you.

Visit your bank.

Best to wait until Wednesday or Tuesday.

Samfelly what is your uncle, Mr Powell saying about gold?

Wednesday and Thursday are expected to be unapologetically bullish for gold even if Monday and/or Tuesday is bearish.

From my deductions, everybody is confused as to direction of gold due to how It ended on Friday.

2500 is a psychological level. That's all. For direction, Monday will determine;

It could either go to 2400 region, turn around 2355 region or an outright sell to 2320 region.

These are 3 possibilities. The hourly candlesticks are not convincing for now unless they become bold on Monday.

Cashhy11:
I want to assume you didn't mean this part. If being right doesn't put money in ones account, then being wrong does what then? Fills the account up?

While we try for our analysis to work, sometimes the market has a mind of it's own.

Take for instance, fundamentals are saying buy while market is overbought, technicals will win eventually and market will sell.

If you hold tightly to your bias, you'll definitely lose money.

So wait and follow the market direction and be profitable. That's what he's saying.

But of course being right has it's perks too. Just don't trade blindly.

Next week will be good for gold. I see possible rise and fall correction on Monday.

The general trend remains BULLISH. Just don't get carried away by leaving your profits running.

samfelly:
Gold Sell Limit @ 2412

You may be right on this but it's better to look for a buy after retracement than sell.

Gold Alert

Buystop @ 2385
Stoploss @ 2365

Target 2485

1000pips

Gold update

We are looking at 2490 by next week.

Enjoy.

samfelly:


Thing is, I bought yesterday at 2326.53, but chickened out, early.

This can only happen if you used a big lotsize, entered at the wrong time or were not sure of market direction.

samfelly:


Na 3% Nostro account allow person to risk as DDD and 6% Maximum DD (they're mean)

What lotsize do you use?

Petah:
boss, I hail. Please can you take a look at Eu and share your bias As against tommorow?

I refer you to Mr Peter. I am a gold specialist.

samfelly:


Kai, I have missed my window to Buy gold

Or it is still buyable, boss?

What's your buy price?

samfelly:


Kai, I have missed my window to Buy gold

Or it is still buyable, boss?

Buy but your stoploss is 2345 same target

Gold Alert

Buy 2345
Stoploss 2325

Target 2395

Fxwarrior:
Gold Alert

Risky

Sell limit 2310
Stop loss 2313

Target 2290

Deleted


Buy gold and forget it until tomorrow.

Gold Alert

Risky

Sell limit 2310
Stop loss 2313

Target 2290

High demand

Fxwarrior:
Gold Alert

Sell limit 2295
Stoposs 2300

Target 2280

Not dismissing this though cos pull back is necessary for 2300 region to break.

Major trend remains bullish.

Fxwarrior:
Gold Alert

Sellstop 2280

Stoploss 2290

Target 2266

I need to work more on my trading psychology.

Fxwarrior:
Gold Alert

Sell limit 2295
Stoposs 2300

Target 2280

Deleted pending order.

Gold is about to deliver 300 pips or more by tomorrow.

Trend is your friend.

Depending on some prevailing factors, gold may find support at 2244 region.

Gold Alert

Sell limit 2295
Stoposs 2300

Target 2280