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  • #601
  • Sep 11, 2021 4:13am Sep 11, 2021 4:13am
Quoting bilal1947
{quote} nice chart, i have taken similar entries:{image} H4 - outlook: {image}
Very Nice!
  • #602
  • Sep 11, 2021 7:04am Sep 11, 2021 7:04am
Quoting MXMmo
{quote} Pretty much exactly what happened Where will it go next?
Well...personally I am targeting [AB] = [CD] ... which is somewhere between 1765-1755.

On the other hand, 100MA presents a good picture of whats likely to happen:

Attached Image

Time will show everything. Best Regards
Imagination rules the world ...
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  • #603
  • Sep 11, 2021 5:37pm Sep 11, 2021 5:37pm
Most likely this month we will continue to fill in last month's wick, which Gold loves to do -- fill in wicks.
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  • #604
  • Sep 11, 2021 8:03pm Sep 11, 2021 8:03pm
Quoting de5151
Most likely this month we will continue to fill in last month's wick, which Gold loves to do -- fill in wicks. {image}
Agree with you buddy, maybe till 1746, maybe i am wrong.
  • #605
  • Sep 11, 2021 11:14pm Sep 11, 2021 11:14pm
Look at the trendlines on H4 Chart and please guide me, have I drawn lines correctly?
Thanks
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  • #606
  • Sep 11, 2021 11:50pm Sep 11, 2021 11:50pm
Quoting de5151
Most likely this month we will continue to fill in last month's wick, which Gold loves to do -- fill in wicks. {image}
That wick is a strong rejection and double bottom. And Gold literally doesn't fill any big wick on the chart you posted.

Everybody is looking down...but the way to look is up. 1835 will break...
Everyone can see the chart, but only a few can actually read it.
  • #607
  • Sep 12, 2021 12:14am Sep 12, 2021 12:14am
Quoting Thosy
Look at the trendlines on H4 Chart and please guide me, have I drawn lines correctly? Thanks {image}
These lines are no more erroneous or more correct than any others. There is no sacred market path/structure, so to speak. One can trade the break/bounce of any line/zone/number.
Scroll chart to the left, close your eyes and blindly put a horizontal line/connect any two high/low points; you will se how price 'respects' lines in the future.

Best regards
Air force
  • #608
  • Sep 12, 2021 2:03am Sep 12, 2021 2:03am
Quoting de5151
Most likely this month we will continue to fill in last month's wick, which Gold loves to do -- fill in wicks. {image}
There was a point in time when September candle was trading at 1830 and looking good for 1900.... 'Most likely' just doesnt cut it in trading. Liquidity can change at any time. Bears have not won the battle for september yet. 1765 will still be a hard nut to crack and with two weeks of trading to go in september. But Ill be keeping a close eye on 1782 next week. It could decide the fate of September.
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  • #609
  • Sep 12, 2021 2:10am Sep 12, 2021 2:10am
Quoting OnlineAddict
{quote} That wick is a strong rejection and double bottom. And Gold literally doesn't fill any big wick on the chart you posted. Everybody is looking down...but the way to look is up. 1835 will break...
Anything is possible. Retail sentiment is still actually about 70% bullish on myfxbook https://www.myfxbook.com/community/outlook
  • #610
  • Edited 5:24am Sep 12, 2021 4:37am | Edited 5:24am
Quoting OnlineAddict
{quote} That wick is a strong rejection and double bottom. And Gold literally doesn't fill any big wick on the chart you posted.
I guess we would have to debate on the definition of big. But Gold "loves" to fill wicks -- big and small. Now many of these wicks were filled and then rejected again, but they were still filled at some point.
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  • #611
  • Sep 12, 2021 5:45am Sep 12, 2021 5:45am
Quoting de5151
{quote} I guess we would have to debate on the definition of big. But Gold "loves" to fill wicks -- big and small. Now many of these wicks were filled and then rejected again, but they were still filled at some point. {image}
Man, if there is a wick in both directions, one of them will be filled, obviously. I wouldn't call that "Gold loves to fill wicks".
Everyone can see the chart, but only a few can actually read it.
  • #612
  • Sep 12, 2021 7:53pm Sep 12, 2021 7:53pm
my view max 2 days Gold possibility
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  • #613
  • Sep 12, 2021 8:56pm Sep 12, 2021 8:56pm
i think we will se again 1822 - 1830 then jump to around 1720..

let's see what happen in this weeks.
  • #614
  • Sep 12, 2021 10:31pm Sep 12, 2021 10:31pm
I had almost blown mine small account with stupid decisions. Anyway with a tp it closed in the morning with a minimum loss.


I think gold is at a strange position. With a strong dollar position, with news about tapering, Gold could go to 177* .In the Asian session it came above 1790. Maybe the news about NorthKorean helped it. With the decreasing of eurusd, Gold could be dumped towards 177*
  • #615
  • Sep 12, 2021 10:50pm Sep 12, 2021 10:50pm
Well, I think its safe to long now, personally i took a small long, I see very little chance for PA to go below todays low
  • #616
  • Sep 12, 2021 11:42pm Sep 12, 2021 11:42pm
Hello Comrades,
first 2 for fresh new week
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Consistency will bring everything...Be good.
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  • #617
  • Sep 13, 2021 12:48am Sep 13, 2021 12:48am
Quoting fxmasterdxb
Well, I think its safe to long now, personally i took a small long, I see very little chance for PA to go below todays low
It's a good habit not to enter trades in the transition periods between sessions (Asia/London/NY). Better to wait and see what they do with liquidity. Notice the quick stop hunt as Europe opened. Warning sign for bulls...
  • #618
  • Sep 13, 2021 12:58am Sep 13, 2021 12:58am
Quoting LITEchild
{quote} It's a good habit not to enter trades in the transition periods between sessions (Asia/London/NY). Better to wait and see what they do with liquidity. Notice the quick stop hunt as Europe opened. Warning sign for bulls...
No worries, im accumulating small longs, will keep longing with SL 1782, i still have 3 small longs to add
  • #619
  • Sep 13, 2021 1:46am Sep 13, 2021 1:46am
Just closed little buy, not sure what happen the next, maybe up. maybe i am wrong
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  • #620
  • Edited 2:37am Sep 13, 2021 2:07am | Edited 2:37am
We should keep our eye on the big picture. The monthly chart shows an almost perfect Cup with Handle formation that should break higher. If and when it does, the projected price is 2786. Monthly chart below.
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Observation is the path to discovery.
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