Posted by DigiNomad on 13th of Apr 2023 at 01:55 pm
For those like me that like to buy support and sell resistance,
the trade today seems to be buy the dollar and sell gold (I want to
do the opposite which tells me the tide is probably about to turn).
Could have tight stops on both, but going long gold here
(essentially short the USD) doesn't seem like a great risk reward?
That said, I am definitely waiting for an opportunity to get
involved with gold again next time it visits support.
For those like me that
Posted by DigiNomad on 13th of Apr 2023 at 01:55 pm
For those like me that like to buy support and sell resistance, the trade today seems to be buy the dollar and sell gold (I want to do the opposite which tells me the tide is probably about to turn). Could have tight stops on both, but going long gold here (essentially short the USD) doesn't seem like a great risk reward? That said, I am definitely waiting for an opportunity to get involved with gold again next time it visits support.
DigiNomad, Euro has not peaked
Posted by junkie on 13th of Apr 2023 at 02:06 pm
DigiNomad, Euro has not peaked yet. So far the breakout is intact. Long Euro, long gold.
Totally !
Posted by fredsaid on 13th of Apr 2023 at 01:58 pm
Totally !
Thanks enjoy your thoughts.
Posted by rbreese on 13th of Apr 2023 at 01:57 pm
Thanks enjoy your thoughts.