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  • #39,601
  • Edited 3:52pm Aug 22, 2024 3:24pm | Edited 3:52pm
Possible H&S Inverted on M5 to establish support on 2480's to target 2495 ( if support not yet established). From 2490's we can go back down to 2450's OR just continue up to target new highs. Another option is 2480's support fails and we target 2460's & 2450's from here.
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #39,602
  • Aug 22, 2024 3:54pm Aug 22, 2024 3:54pm
I would not be surprised to see an impulsive move up tomorrow. c2568 to flip everything
Que Sera
  • #39,603
  • Aug 22, 2024 3:58pm Aug 22, 2024 3:58pm
Im targeting too 2565 to 70, and then heavy sell long term, can add to 2600
People don't plan to lose. They lose because they don't plan.
  • #39,604
  • Edited 7:28pm Aug 22, 2024 4:02pm | Edited 7:28pm
Quoting ScalaFX
Im targeting too 2565 to 70, and then heavy sell long term, can add to 2600
sounds good Scala

Swey with it being impulsive & tomorrow if we are looking at a top, might roll into next week but tomorrow wouldn’t surprise me at all which would open up the last week on the monthly to close with a doji

let see gl
Que Sera
  • #39,605
  • Aug 22, 2024 4:04pm Aug 22, 2024 4:04pm
Quoting ScalaFX
Im targeting too 2565 to 70, and then heavy sell long term, can add to 2600

long term I’d say. Sell 3 months. Beginning December (few weeks after the USA elections) flip the garage, the gran and go long.
Que Sera
  • #39,606
  • Aug 22, 2024 5:00pm Aug 22, 2024 5:00pm
Quoting pedro319
{quote} Its not just about having all the info, its more about getting the odds on your side.
There are unlimited ways of having the odds on your side

Know yourself
Avoid having an opinion about everything
Be patient
Ignore noise
Have a sound MM strategy
Take a loss like a boss
ma ma make me happy
  • #39,607
  • Edited 5:43pm Aug 22, 2024 5:20pm | Edited 5:43pm
I realise all this BS sounds crazy to those who just trade X or Y

but the reality is. If you zoom out on all of it, the financial system, the markets, crypto, geopolitics etc

golds going to make some funky moves in the next couple of years..

I’ve been tracking it, started trading at 22 and am now 36 it’s always been on my radar at a time to pounce.. the “moves” it has been making most recently along with the options prices, over the next few years shit is going to get real.

nothing goes up in a straight line (don’t go full retard) but overall, when we get that pullback in the autumn. Load up load up.
Que Sera
  • #39,608
  • Edited 6:31pm Aug 22, 2024 5:39pm | Edited 6:31pm
Quoting profits7
{quote} {image}
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_____________ correction = TP2 + TP3 will post mebbe LTR
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Don’t focus on making $$$, focus on protecting what you have.
  • #39,609
  • Aug 22, 2024 5:44pm Aug 22, 2024 5:44pm
Quoting Catempire
Who says gold can’t be worth $20,000 an ounce ? I remember someone saying similar referring to the Dow when it was at 18,000 -around 2012 / 13 its gold time
Quoting Catempire
I realise all this BS sounds crazy to those who just trade X or Y but the reality is. If you zoom out on all of it, the financial system, the markets, crypto, geopolitics etc golds going to make some funky moves in the next couple of years.. I’ve been tracking it, started trading at 22 and am now 36 it’s always been on my radar at a time to pounce.. the “moves” it has been making most recently along with the options prices, over the next few years shit is going to get real. nothing goes up in a straight line (don’t go full retard) but overall, when...
Bro, you need to calm down like a boss
Just a friendly advise
ma ma make me happy
  • #39,610
  • Edited 6:11pm Aug 22, 2024 5:50pm | Edited 6:11pm
Quoting hanzohas
{quote} {quote} Bro, you need to calm down like a boss Just a friendly advise
with respect.

2460>2372>2528>2470>2568>2180

ill leave you guys to it

just trying to help - some shit can’t be taught
Que Sera
  • #39,611
  • Edited 6:21pm Aug 22, 2024 5:56pm | Edited 6:21pm
___________ 2460>2372>2528>2470>2568>2180
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Don’t focus on making $$$, focus on protecting what you have.
  • #39,612
  • Aug 22, 2024 6:00pm Aug 22, 2024 6:00pm
Quoting Catempire
{quote} with respect. 2372>2528>2470>2568>2180 ill leave you guys to it just trying to help - some shit can’t be taught
This is better 2372>2528>2470>2568>2180
ma ma make me happy
  • #39,613
  • Aug 22, 2024 6:12pm Aug 22, 2024 6:12pm
The price took SMA200 as support and will increase on H1.
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  • #39,614
  • Aug 22, 2024 6:34pm Aug 22, 2024 6:34pm
Quoting eyefeelsix
{quote} All good! let the market find its own way {image}

~ Friday's Clue


PWH is a portal to the Moon Sell only below it

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https://breakpullback.com
  • #39,615
  • Aug 22, 2024 7:12pm Aug 22, 2024 7:12pm
Break of structure on an uptrend and I see price action forming. I expect price to go back to a ranging market. I expect it to go back to 2501on gold. It's temporarily buying.
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  • #39,616
  • Aug 22, 2024 7:28pm Aug 22, 2024 7:28pm
Quoting profits7
{quote} {image}_____________ correction = TP2 + TP3 will post mebbe LTR {image} {image}
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Don’t focus on making $$$, focus on protecting what you have.
  • #39,617
  • Aug 22, 2024 7:36pm Aug 22, 2024 7:36pm
Quoting JRA
{image} I think if we close back inside the rising wedge, we're going out the other side and down. To me it felt like money managers chased this market up the final leg and folk were finally too scared to short up here. Fundamentally this makes sense if we've deleveraging and shifting to a lower rate environment but the geopolitical risk built into the price is still the wild card for me. I was thinking $3000 was a sure thing but they're really pushing the narrative for gold now.
It's closed back inside the wedge. It's just a trade and it's invalidated if it can close back above but is worth a short for the risk/reward. I do think bulls should tighten stops and refrain from adding unless we close back above the wedge. Band types who like horizontal lines will say it was just a backtest of a range breakout and they may be right.

The primary narrative for gold has run it's course and the narrative runs dry before price turns (momentum). Bulls are turning to secondary narratives now like war risk, china attacking the USD dominance or rate cuts. I don't think the price will hold up here against a deflationary period.
  • #39,618
  • Aug 22, 2024 7:39pm Aug 22, 2024 7:39pm
Last post from me for a while to leave the flip floppers to it….

impulsive move incoming

2568

Que Sera
  • #39,619
  • Aug 22, 2024 7:53pm Aug 22, 2024 7:53pm
Quoting hanzohas
{quote} There are unlimited ways of having the odds on your side Know yourself Avoid having an opinion about everything Be patient Ignore noise Have a sound MM strategy Take a loss like a boss
basically, lose money like a boss, end up with no account like a boss
crazy shit man
I only follow traders with IQ above 160
Challenge Tour All Time Return: -76.5%
  • #39,620
  • Aug 22, 2024 7:57pm Aug 22, 2024 7:57pm
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Don’t focus on making $$$, focus on protecting what you have.
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