Gold ($GOLD - Continuous Contract) + FX: Trial by fire

I am baffled with my stupidity in my trades this week(in GOLD and in EURUSD), but so far, none of previous mistakes can top my stupidity in GOLD this week!

Here's the reason why:


Okay, so far, my mistakes came from putting on too tight stops(trailing/loss) so I am going to trade with no stops this week. Let's see how terrible the outcome will be.

Anyway, moving on, enough with the sour-graping, Gold pretty much looks like sideways with a slight downward bias, looking to pullback to the 200 MA which should provide a relatively safe entry with excellent upside potential plus the fact that it could break into a new high:



Trade with bigger volume on the long side on the 200SMA pullback setup:

Gold ($GOLD - Continuous Contract (EOD)) Index

50-EMA trade setup on gold:



Bounce from RSI-50 is a bonus. Stop-loss depends on one's risk appetite.
Take profits when you're happy.

Gold (EOD)

Looks like gold is poised to move up again. Pullbacks to the 50EMA is a buy.
No price projections for gold except the recent high of 1430 which provides a possible upside of 3.10% from the previous close.

MACD is forming lower highs and lower lows. Has gold already ran its course already?

No idea, just trying my TA on GOLD.