Yes, it's safer to wait until the market has calmed down, I just took a little risk by making an imaginary support resistance line as a reference with a stop loss on the pending order, this is quite far from the real-time price, so it's still low risk.
Sounds smart. It can help support risk. Do you wait fop calmer message?
Trading after the news is very dangerous because volatility increases suddenly, you may be swayed if you just chase entry, no trade is the safest option if you don't want to take risks.
So true! Have you ever traded after the news?
Of course, I think all traders have tried various trading methods, and from there they learn to find a method that suits the trader's soul.
Absolutely, It have a feeling that It can surge past $2700 by this week.
Gold yesterday extended its rise for three consecutive days supported by the weakening of the US dollar because economic data on retail sales and unemployment claims did not support the strengthening of the USD.
Got your point. So what is your strategy to trade in Gold? Will it follow the same surge trend or will be effected by Trump on Jan 20th?
I'm still quite careful with gold ahead of Trump's inauguration, it seems Trump's policies could have a big impact on financial markets and global politics.
Yeah. I wonder if it'll keep rising....
Do you think it will continue to rise?
We'll see, ahead of the Fed meeting on January 29, gold is still on the upside, but the market is volatile.
Agreed! Currently at $ 2774
Good info. Do you think China PMI data could dip Gold more?
