Gold dropped sharply during Asian session
Markets Metals Gold

0 Like 0 Dislike 12 Replies
2 years ago

Gold has dropped like a rock during the night. We were expected a lower price on Gold but not this sharp drop. We are retracing a bit but we haven't seen these levels in 5 years


Posted 2 years ago 0 Likes   0 Dislikes

Im waiting until I get a clear signal for entry. If it moves enough by Monday, we might be looking at an entry point.




Posted 2 years ago 0 Likes   0 Dislikes

Am considering going long but unsure of the entry point.  Any suggestions?



Posted 2 years ago 0 Likes   0 Dislikes

I was playing with that gold Idea. I skipped it though. Im holding on till i see a stronger movement. 

Anyone else here ?

Happy Trading!




Posted 2 years ago 0 Likes   0 Dislikes

Still within a range . Anyone going long on it ?



Posted 2 years ago 0 Likes   0 Dislikes

Seems that it is leveling off now. Curious what will happen next.



Posted 2 years ago 0 Likes   0 Dislikes

Would this not have been an opportunity for profit going short?



Posted 2 years ago 0 Likes   0 Dislikes

We are buying into the rally, absolutely. All money are flying out the current assets for investing it in the equities. We were seeing this for a while going on but this drop was a surprise for all of us :)



Posted 2 years ago 0 Likes   0 Dislikes

@ jerry01: Indeed, we all want a piece of it. No matter so much the instrument anymore all investors want to participate to this rally. Investors pull money out this asset and they're buying into the market. We've seen this price action before, nothing new about it but what I didn't expect was this huge drop over the night