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Gold likely with ongoing global crisis perhaps with u turn of pandemic, so like oil, eurusd most probable playing a last leg down before good up again!! So 1717, 1684, 65 likely test next!! Even 1450 breaks possible!! In any great disaster if, like pandemic global death 20k or much more day! Take care, fontu
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Quoting TrickorTrade
Took a short at 1772.36 {image}
NFP wicked out. Oh well trading on NFP days comes with risks. On to next trade
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Quoting aeternum
{quote} Well, I won't say they're exhausted considering we've formed quite a few lower lows. But I feel that if you look at the daily, gold should give some form of retracement. But I find that I always repeat this about gold and go nowhere because gold actually doesn't care what you think and goes wherever it wants and retraces wherever it wants. Point is not to chase after a trade but wait for confirmation. And right now, what I can see is USD getting stronger, also when we broke 1774, we kinda went back to retest it over the past day or two....
Looks like we have some decent price action for buyers to get into next week.

At this point we have the previous consolidation range support around 1784 to break into and then we'll have to hunt 1798 > 1808 > 1813 levels again. I'm still eyeing that 1831 level which price has blatantly ignored entirely. Hard to believe we won't get back there but anything can happen. Forecasting isn't going to do anybody any good. No one has a crystal ball.
A 1 pip gain is better than a 1 pip loss.
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Gold overall.
i'm long from december 2 low. TP 1910
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Quoting ZorroThustra
i'm long from december 2 low. TP 1910 {image}
nice one, 1900 looking good
We are near to New Year Celebration around the world , there is a Buy for Gold will occur as seasonal Pattern in Dec every year. however USD is on bullish mood, maybe a little choppy moves for gold. but im bullish on Gold in Dec.
my Telegram : t.me/fxasg
Gold stop hunts were not pretty lol
Great opportunity to trade gold. I see a stop hunt and break of structure in a daily orderblock. All I want is a return to orderblock from where the bos happened. Targets all the way till 1840 filling up the fair value gap. Will update once my trade triggers!
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Hello traders. Hope Monday went right,
So trading plan as i mentioned last week stays the same, gold is above 66-72 price ,thats enough for me to put more buys then sells
First trade with gold atm long, 50 tp 50 sl, 1% risked to take 1 %, would love to see the first order in green before hunting more pips.
Trade safe, and lets see how week goes. Gl

Quoting SkullCandy
Hello traders. Hope Monday went right, So trading plan as i mentioned last week stays the same, gold is above 66-72 price ,thats enough for me to put more buys then sells First trade with gold atm long, 50 tp 50 sl, 1% risked to take 1 %, would love to see the first order in green before hunting more pips. Trade safe, and lets see how week goes. Gl {image}
Closed by tp.
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wiki - Discipline. Consistency=$$$
Basically on price action ,
Second order,same risk 1%, same targets.
Gl

Quoting SkullCandy
Basically on price action , Second order,same risk 1%, same targets. Gl {image}
Closed 35 manually . Enough with gold for today,
almost 2% from Gold made on Monday, really would love if every Monday would be like that.
Good luck and till tomorrow .
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wiki - Discipline. Consistency=$$$
My outlook for the week is bullish. From Elliot Wave perspective, considering we had an ending diagonal for wave 4 (which we broke), I'm expecting to continue to wave 5 of the impulse. This count would be invalid if we break below the 0.5 target for this wave 4 (currently in this 1H candle we broke back in the diagonal, so I'm patiently waiting). If it does not break, I'll be aiming low 1800's this week.
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Should tap into 1771 before making its upmove
Gold is coiling up again. Ready to rear its ugly head. Get ready for a breakout move soon.
A 1 pip gain is better than a 1 pip loss.
Quoting aeternum
Gold is coiling up again. Ready to rear its ugly head. Get ready for a breakout move soon.
Needs more liquidity for this.
We cut the winners short and let the losers run.
Quoting Ryd3n
{quote} Needs more liquidity for this.
Like I said, it's coiling up now. I didn't say it's breaking out now.

It's going to have the liquidity coming in to break really soon.
A 1 pip gain is better than a 1 pip loss.
1779.7 long, with 50 stop and 50 tp, will add hedge positions if stops will trigger , cause zone 72- 82 much of big volumes in this area, but i would like to see gold pushing higher. Trade safe and good luck
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Quoting SkullCandy
1779.7 long, with 50 stop and 50 tp, will add hedge positions if stops will trigger , cause zone 72- 82 much of big volumes in this area, but i would like to see gold pushing higher. Trade safe and good luck
Gold almost filled tp, few pips and tp would be closed.
Additional long was open for short scalp, and 12 pips was collected .
Main order still opened.
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wiki - Discipline. Consistency=$$$
Quoting SkullCandy
{quote} Gold almost filled tp, few pips and tp would be closed. Additional long was open for short scalp, and 12 pips was collected . Main order still opened. {image}
Added long, Ny will bring everything up lol, time will tell.
Confidence.
Trade safe
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Quoting aeternum
{quote} Like I said, it's coiling up now. I didn't say it's breaking out now. It's going to have the liquidity coming in to break really soon.
That definitely looks like a push down to break the 1777 support that has been holding for the past day or two. I'm expecting price to continue lower and keep up with the momentum down. Failure to hold onto 1762 support level will ensure we see 1725 region once more.

I was being hopeful in trying to see gold look to retest the 1831 region but bulls were never in control at all. Other way to interpret it could be a possible inverse head and shoulders pattern with the left shoulder around 30 Nov lows at 1774, head at 1762 and we may be forming the right shoulder now.

Will we be able to have a seasonally bullish Dec-Jan for gold again?
A 1 pip gain is better than a 1 pip loss.
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