Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Attachments: Gold
Exit Attachments

Gold

Quoting profits7
{quote} _____________ still TIME to get on this Train , B4 it Bcomes$ an RUNAWAY
What is R61.8 on your chart?
The market has short memory
Quoting Techknow
{quote} I think it's fair to say we have met some resistance. Cheeky channel broken here. If gold slips through 2500 we should see 2480. Anything above I would watch for a bounce. Cheers {image}
As we are bouncing and coming back inside the channel the bullish sentiment remains unless these areas are broken. Above the gold line im long, below it im going to scalp some shorts for 2480 ish.

To restate my opinion Im bullish above 2470 on the higher timeframe.
Im bullish short to medium term on lower time frames above 2504. TP to 2542 and 256X
A break down of 2504 ill be bearish tp 2480
The chart makes it clear.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 59 KB
TechKnow
Quoting Whale
{quote} What is R61.8 on your chart?
___________ Davit's WKY pvt = https://www.forexfactory.com/thread/...-pivot-trading
Don’t focus on making $$$, focus on protecting what you have.
My trade on /GC today 1.4 risk 2.8 reward. Target hit. Size was 3 Minis. GG
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 71 KB
Quoting Techknow
{quote} As we are bouncing and coming back inside the channel the bullish sentiment remains unless these areas are broken. Above the gold line im long, below it im going to scalp some shorts for 2480 ish. To restate my opinion Im bullish above 2470 on the higher timeframe. Im bullish short to medium term on lower time frames above 2504. TP to 2542 and 256X A break down of 2504 ill be bearish tp 2480 The chart makes it clear. {image}
I have the same scenarios, but I'll wait until it becomes clear of direction of travel - finished for the day anyway, so it will be PA that evolves tomoz onwards
THT
Quoting pedro319
{quote} We will be there to trade that side of the market too.
There's one thing I don't understand. Now, the yields are dropping which is great for the stocks and for the PMs it seems even though the stocks will outperform the PMs in this environment. However, Mannarino is saying that the yields will spike like crazy at one point in the future and the stocks will go down (crash) when that happens, however what on Earth will happen to the PMs at that point? Will they go up, because the game will change to risk-off or will PMs go down as the yields are spiking up? Thanks!

Is this the scenario we are waiting in which everything will crash due to the yields surging higher, however PMs will start recovering and the stocks will continue to plummet?
___________ @ Whale =
Attached Image (click to enlarge)
Click to Enlarge Name: xu6.png Size: 39 KB
Don’t focus on making $$$, focus on protecting what you have.
Quoting profits7
{quote} ___________ Davit's WKY pvt = https://www.forexfactory.com/thread/...-pivot-trading
Its not davit's it Fib Weekly pivot.
thank mate.

i will target 2535.
The market has short memory
_____________ where's Zebi when you Need him

Banked 1 batch of 7 trades = to keep it SAFE
Don’t focus on making $$$, focus on protecting what you have.
Quoting Silver-King
{quote} I closed Shorts on the Silver just fine as I had some opened before the CPI at 28.80$ and TP-ed at 28.40$. Closing Shorts was fine, adding Longs a little too early is what messed me up decently, but I went Long again at 28.20$ and now at 28.40$ and will add more if this retracement proves to be sufficient. Resistance on the Silver is somewhat above 30$ and this is where I'll take profit or wait to see if it'll break that Resistance in which case I won't close Longs. I'm going totally aggresive on the Long side to hopefully recover all the...
I dont understand any of those numbers but god speed my friend!
Fate goes ever, as fate must.
Core CPI of 3,2 seems still too high. I don’t know the details but this makes the decision of FED uncertain I think. Maybe they will hold for two months more.
Quoting Silver-King
{quote} There's one thing I don't understand. Now, the yields are dropping which is great for the stocks and for the PMs it seems even though the stocks will outperform the PMs in this environment. However, Mannarino is saying that the yields will spike like crazy at one point in the future and the stocks will go down (crash) when that happens, however what on Earth will happen to the PMs at that point? Will they go up, because the game will change to risk-off or will PMs go down as the yields are spiking up? Thanks! Is this the scenario we are...
Sometimes it's difficult to align everything but certain factors are more prevalent.
The scenario in which the yields are rising normally corresponds to the correction we want to see on Gold, but sometimes you may get a correction that is in its entirety technical. If this technical correction is off the M1 chart it's not difficult to see how we could touch 2300 without substantial fundamental change. To go deeper however we need something more.
Join our community of profitable traders @ harmonicprotrader.com/about
Quoting ElCampeador
Long at 2491. Holding for 3 weeks
We may experiennce a run Up starting today/tomorrow with hardly any correction. My 2 cents
Market has no compasion
I reconsider my longs tp and I will be happy with 2423.5 area

Hope it will hit today because my swaps are insane for long.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0604.png Size: 111 KB
The market has short memory
remember
https://www.forexfactory.com/thread/...9#post14994399
Attached Image (click to enlarge)
Click to Enlarge Name: remember.jpg Size: 141 KB
Quoting mades
Let me guess what CPI will do: It will create 2 fake breakouts on both sides and then settle in the middle of the range with no clear direction for the remainder of the day/week. A big fat beautiful doji candle market hasnt seen since the last week.


Daily doji in play and I really hate myself. At least I was wrong with breakouts, price wasn't able to do even that. This will mark 8th day price was unable to break 2530. Last 4 weekly candles .. eh. Never seen anything like it. Survived every news there is. I'm posting this so it will render invalid and price will finally move in the next days.
Small bullish pennant formed on 5min on DXY
Attached Image


According to LinkedIn, the success rates of bullish and bearish pennant chart patterns are 54.87% and 55.19%, respectively.
Quoting Whale
I reconsider my longs tp and I will be happy with 2423.5 area Hope it will hit today because my swaps are insane for long. {image}
yep. You can easily buy a pint with each position!
Quoting User123
{quote} yep. You can easily buy a pint with each position!
im out here 2515.5

getting late and i dont want to hold overnight.
The market has short memory
Once again 2520$ is Resisting.
What needs to happen next for the Bulls to sleep peacefully is another H4 close above 2520$ and the Silver H4 closing above 28.80$. If this happens, we're finally good to go for higher prices. Otherwise, we could continue ranging and again fall down to 2485$.

Tomorrow should be active in my opinion, because it's a day after the big news as the Monday is usually critical after NFP and Thursday after the Fed.

Daily close above 2520$ is a dream for the Bulls as well. This price is somehow the key at the moment.

Now... speaking about the potential high for the Gold if it breaks higher. I think we have a clue where it could potentially and that is by looking at the Silver. Main Resistance for the Silver is going to be around 30$. This is a great Resistance ahead for the Silver, for if Bulls manage to get through it, I don't see anything stopping the Silver from going to 35$ or higher, meaning the Gold waaaay above 2550$ (probably north of 2700$). I'll definitely let you folks know when the Silver hits that Resistance. Then, we'll see...
88 traders viewing now, 18 are members:
Jewel1996
,
,
Haks
,
Tracypham
,
Ravenfeeder
,
,
,
,
,
mhmdgamal
,
Xeera
,
,
alania
,
Eren10
,
Orand
,
thomi
,
Waj-Sal
,
shay14