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Darkangels pips hunter

  • #2,441
  • Aug 8, 2021 10:03pm Aug 8, 2021 10:03pm
Quoting darkangel13
Gold Who buys there: Only elite, who understand the market and not be scared by such a stupid moves {image}
On my charts it shows that push all the way down to previous double bottom at 1680. Followed by the ridiculous push back up. Really surprised by that move in just under a few hours. But I did mention last week that Gold has a mind of its own and can usually go in one direction a long time before turning around.

Hopefully it really is just trying to shake people out but I was actually trying to sell Gold when I heard the positive USD news on Friday, had I actually held it, would have been huge profits!
Attached Image (click to enlarge)
Click to Enlarge Name: 5e1777ca8a3a29e6337354e9b52a09c4.png Size: 159 KB
A 1 pip gain is better than a 1 pip loss.
  • #2,442
  • Aug 8, 2021 10:37pm Aug 8, 2021 10:37pm
Quoting aeternum
{quote} On my charts it shows that push all the way down to previous double bottom at 1680. Followed by the ridiculous push back up. Really surprised by that move in just under a few hours. But I did mention last week that Gold has a mind of its own and can usually go in one direction a long time before turning around. Hopefully it really is just trying to shake people out but I was actually trying to sell Gold when I heard the positive USD news on Friday, had I actually held it, would have been huge profits! {image}
https://www.forexlive.com/news/!/the...-gold-20210808

So apparently the above link highlights some factors that could have caused the drop in Gold.

There is another link from Forexlive that also indicates how it was caused by a large selling during a low volatility period that caused the sharp push down.

Probably some manipulation I guess?
A 1 pip gain is better than a 1 pip loss.
  • #2,443
  • Aug 8, 2021 10:42pm Aug 8, 2021 10:42pm
Good luck new week DA and everyone!!!!
When i woke up, my gold buy already got SL at 1755 so i bought again at 1733 and take profit at 1739, luckily
I hope everyone have a green week
  • #2,444
  • Aug 8, 2021 10:48pm Aug 8, 2021 10:48pm
Quoting YumiYummy
Good luck new week DA and everyone!!!! When i woke up, my gold buy already got SL at 1755 so i bought again at 1733 and take profit at 1739, luckily I hope everyone have a green week

I wasn't expecting such a drop more precisely so in the start of the week cause not volume, really deep drop...
  • #2,445
  • Aug 9, 2021 1:26am Aug 9, 2021 1:26am
Quoting aeternum
{quote} https://www.forexlive.com/news/!/the...-gold-20210808 So apparently the above link highlights some factors that could have caused the drop in Gold. There is another link from Forexlive that also indicates how it was caused by a large selling during a low volatility period that caused the sharp push down. Probably some manipulation I guess?
Great work, thats exactly what happened plus its a holiday in japan and low liquidity.
  • #2,446
  • Aug 9, 2021 1:28am Aug 9, 2021 1:28am
Good morning everyone
  • #2,447
  • Aug 9, 2021 1:30am Aug 9, 2021 1:30am
Quoting darkangel13
Good morning everyone
Good morning DA,
  • #2,448
  • Aug 9, 2021 1:38am Aug 9, 2021 1:38am
I sold GbpAud at 1.8878 , hope it can drop again pass 1.8770
  • #2,449
  • Aug 9, 2021 1:42am Aug 9, 2021 1:42am
Gold could create tiny bearish divergence on 15m. Not confirmed yet

The top of the divergence is the old great support 1750, sellers waiting here
Attached Image (click to enlarge)
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  • #2,450
  • Aug 9, 2021 2:06am Aug 9, 2021 2:06am
Lol I see a lot of invisible viewers here.... probably your "fans" dark
  • #2,451
  • Edited 4:51am Aug 9, 2021 4:38am | Edited 4:51am
Oil support 65,11/50

Breaking this area then next target 61,60 area and things getting ugly
  • #2,452
  • Aug 9, 2021 4:42am Aug 9, 2021 4:42am
Quoting darkangel13
Oil support 65,11/50
thank you DA, im in
  • #2,453
  • Aug 9, 2021 5:00am Aug 9, 2021 5:00am
Waiting for UsdChf at 0.91786. Hope it will work!
  • #2,454
  • Aug 9, 2021 6:41am Aug 9, 2021 6:41am
Quoting Shazwan
Waiting for UsdChf at 0.91786. Hope it will work!
Don't hope, do your homework and you will succeed.
  • #2,455
  • Aug 9, 2021 8:44am Aug 9, 2021 8:44am
Quoting darkangel13
Oil support 65,11/50 Breaking this area then next target 61,60 area and things getting ugly
Oil did find some support there
Attached Image (click to enlarge)
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  • #2,456
  • Aug 9, 2021 9:49am Aug 9, 2021 9:49am
Gold could resume up move
  • #2,457
  • Aug 9, 2021 10:10am Aug 9, 2021 10:10am
Quoting darkangel13
Gold could resume up move
I don't see any up move right now... Looks like it wants to go down again. But this entire down move from 1831 level might also be the end of the down move wave, time will tell I guess.

US is beginning to discuss more on tapering which is inducing more gold selling.
A 1 pip gain is better than a 1 pip loss.
  • #2,458
  • Aug 9, 2021 10:17am Aug 9, 2021 10:17am
Quoting aeternum
{quote} I don't see any up move right now... Looks like it wants to go down again. But this entire down move from 1831 level might also be the end of the down move wave, time will tell I guess. US is beginning to discuss more on tapering which is inducing more gold selling.
Okay well I'm seeing 5mins charts starting to show some signs of life upwards. Question is will it last and how far will it go?
A 1 pip gain is better than a 1 pip loss.
  • #2,459
  • Aug 9, 2021 6:18pm Aug 9, 2021 6:18pm
NzdUsd on 1hr, 123bullish
Attached Image (click to enlarge)
Click to Enlarge Name: NzdUsd 1hr 10aug.png Size: 135 KB
  • #2,460
  • Aug 9, 2021 7:58pm Aug 9, 2021 7:58pm
Gold.
If we take a closer look at what happened on Monday and ask how could Gold fall 1000pips in one day, and try to gather existing factor, we find that this happened during the Asian session and exactly during the Japanese weekend.
The market mechanism is that there are always a lot of buy and sell orders in your way, meaning that we do not have a high way rally even if we invest a lot of liquidity. But not during the day when the road was clear to be able to drive straight without any major obstacles on the way down.
The question is how can we get a clearer picture by analyzing this, 1680 was the level at which gold started its rally up last year and during March 2021 to 1917 area which means that this is a unique strong support area that otherwise no one dreams of accessing it and can be the beginning of a new uptrend for gold if the right circumstances are on the train.
We also know that 1750 was a strong support zone and that a lot of people want to sell there. If the price closes above on 1750 on a daily basis then this is a positive signal that gold may continue up move and the other side of gold close below 1720 zone may indicate that gold may continue down move and maybe even break 1680 area.
I have bought gold from 1682 and intend to expand it by buying the dips as long price not close below 1720 area daily, at the end, the market will show the right way for us.
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