Gold

What positions are you taking for Gold tomorrow ?
It seems to be accumulating around 1754 - could it retrace back up?

played out nice

big day H/S chart

I see the inverted head and shoulders pattern as mentioned by someone else earlier, and seeing the area it is in now I would be quick to say that the price should go back to 1900, but the fact that the price hasn't bounced right away makes me hesitant. Maybe there is still no really important macro data against the dollar. Any thoughts?

Based on D1 chart analysis. I see inverted Head and Shoulder. Till 1830 and more

hello guys,

next target for gold... 1687.50

- jesing

Technically, based on Weekly time frame, Gold will bounce back to Resistan on 1783,24 next week if price close on above 1762,63 this week.

BS 1760...

Hi Guy,

According to me , it is going huge buy side upto 1875.
but deciding factor is crossing 1819. otherwise , it will go 1629. from 1819.
As of now , we are buy at 1745 onwards from the current suitation.

If my analysis is wrong , please keep inform me....

Thanks,

Gold long, lets see how it goes

Nice entry. I bought just to early 1954, after it went to 1951.5, so for me the first thing was closing the trade at ~ level with mine low budget Would have nice profit.

Thanks Mate , no worries next time you will be on spot.

Each time you have a double fractal candle on 4hr tf ,you will have a mess like that dropping on gold .
Watch out next time
To prove me right on wrong ,next time you see such go and quickly check 4hrs tf you will see a single candle with 2 fractals on it inside 4hr tf
Simple

The Fundamentalist use it to confuse people

Hi guys,
I found head and shoulders on timeframe H4.

I wanted/started to trade since 4 weeks more seriously. And since three weeks I have job, so actually no time for trading.

In these periods a lot of mine trades direction was good, very good. But still I have no profit. This thing makes me crazy

As far as I am concerned gold price is not fair right now and fomc or not the price should be higher than 1780.

My view for next week.

TP 1780

Then try to think in longer term.


Look, Gold was testing 1 on May and June. The reason was moving prices above to take nice $$$ for long traders.

Now, on 2021, Gold has come back onto 1 again and tested it 3 times. It actually did not broke any relevant high since then. The overall trend since one year ago is descending.

Price seems to be teomprarily trapped within a range that goes from 1700 to 1800 approximately.

If I wouldn't have time, I would try to consider that range for next week's trading as my reference points. If Monday trades high, chances are that during Tuesday and Wednesday it will fall down into 4 again.

If Monday trades low, then chances area that we will see a retest of 4 and the probability of a break of the low is high.

Then you can find signals on other timeframes to validate your ideas. Monday could trade high an Tuesday and Wednesday behave as continuation days repricing higher gold. One needs to validate always using multidimensional analysis methodologies.

The point is that trading daily structures you only need to check your charts once or twice a week like one or two hours after work.

I trade cryptos this way and I barely look at my charts more than once every one or two weeks. This allows me to be focused on other markets for shorter-term trades and, at the same time, speculate with such exotic assets.

Shorted Gold

what makes you think it could break your "4 point"?
I simply see a descending triangle conformation (1W-1D) which needs to be split upwards by the end of the year