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  • #1,781
  • Nov 22, 2021 12:20pm Nov 22, 2021 12:20pm
https://www.fxstreet.com/news/gold-p...n-202111221807

What do we think?
  • #1,782
  • Nov 22, 2021 12:34pm Nov 22, 2021 12:34pm
Quoting Alorente
{quote} Hi Elbert. What´s your target...? Mine is 1828.
Hi 1.590. / 55 first I would think
  • #1,783
  • Nov 22, 2021 12:39pm Nov 22, 2021 12:39pm
Hi guys,

Do you think that we will see a retracement from 1807, 1800?
  • #1,784
  • Nov 22, 2021 12:41pm Nov 22, 2021 12:41pm
Quoting bedzocapital
{quote} Okay, 1807-1804 looking at possible areas of support. We all know XAUUSD is erratic. Where do you see the metals heading in December?
I try not to predict but I think this week it might be bearish, currently waiting for a retracement on H4 so that I can reenter
  • #1,785
  • Nov 22, 2021 12:46pm Nov 22, 2021 12:46pm
Quoting Gocg
Yo I've been trying to trade gold as my second pair for a little while now (about 7 months) and can't really get it? I'm wondering what I should look for in gold setups I'm trying to turn it into the main pair I trade. Thanks fr
I use this system but it has a couple of flaws: works terribly on lower timeframes, has huge drawdowns sometimes and uncertainty when the trend ends but works
https://www.forexfactory.com/thread/...fe-kiss?page=1
  • #1,786
  • Nov 22, 2021 2:52pm Nov 22, 2021 2:52pm
#GOLD / Daily
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  • #1,787
  • Nov 23, 2021 2:23am Nov 23, 2021 2:23am
Quoting aeternum
{quote} We've smashed right into the 50 retracement (1817.96) of 1758.82 to 1877.09. Sellers still looking pretty strong. Possibly going straight to 1807.91. 61.8 retracement lies at 1804 currently... But if we just keep going down, looks like we might have a fresh impulsive down move instead. Time to see how seasonals play out
Well considering we are lingering around 61.8 retracement at 1804... And we are oversold on 1H and 4H time frames. I'm waiting to see if there will be any nice bullish price action to pick some buys into.

Not gonna upload my chart, so just draw a line from the 3 Nov 2021 Low of 1758.82 to the recent 16 Nov 2021 highs at 1877.09 and you should get a 61.8 around 1804.

I'm not expecting too much since December generally has been good for gold but also has history of bearish gold months, whereas January seems more positive.
A 1 pip gain is better than a 1 pip loss.
  • #1,788
  • Nov 23, 2021 3:04am Nov 23, 2021 3:04am
Quoting aeternum
{quote} Well considering we are lingering around 61.8 retracement at 1804... And we are oversold on 1H and 4H time frames. I'm waiting to see if there will be any nice bullish price action to pick some buys into. Not gonna upload my chart, so just draw a line from the 3 Nov 2021 Low of 1758.82 to the recent 16 Nov 2021 highs at 1877.09 and you should get a 61.8 around 1804. I'm not expecting too much since December generally has been good for gold but also has history of bearish gold months, whereas January seems more positive.
We broke 1807 and 1804 for a quick tap into 1798 region which was also past resistance.

I won't invalidate any bullish moves unless price closes below 1758.82 for a lower low since we technically have a fresh higher high at 1873. Which means right now price is technically still in an uptrend. Still looking for signs of bullishness, price action isn't giving away anything.
A 1 pip gain is better than a 1 pip loss.
  • #1,789
  • Nov 23, 2021 3:07am Nov 23, 2021 3:07am
Good morning, hope everyone is okay,
Tuesday, my first entries for the week would be longs from S1 on h1 tf ,picture attached below.
Risking 2% for weekly 5 % income,or maybe rebounce will happen faster... We will see
Take care and trade safe
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #1,790
  • Nov 23, 2021 3:29am Nov 23, 2021 3:29am
Quoting TraderGokul
Look for gold buying opportunity. Remember to use proper Risk management.
but this looks like a bear market
  • #1,791
  • Nov 23, 2021 6:34am Nov 23, 2021 6:34am
Quoting SkullCandy
Good morning, hope everyone is okay, Tuesday, my first entries for the week would be longs from S1 on h1 tf ,picture attached below. Risking 2% for weekly 5 % income,or maybe rebounce will happen faster... We will see Take care and trade safe {image} {image}
Right to my SL...
PlanB , maybe better would be to wait for Ny open, but reentering once again. Dont know why cTraders price alert with order allert didnt work( didnt show notification)
will need to check settings
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #1,792
  • Nov 23, 2021 7:16am Nov 23, 2021 7:16am
Going long doesnt seem like a good idea yet
  • #1,793
  • Nov 23, 2021 7:50am Nov 23, 2021 7:50am
Quoting Gocg
Yo I've been trying to trade gold as my second pair for a little while now (about 7 months) and can't really get it? I'm wondering what I should look for in gold setups I'm trying to turn it into the main pair I trade. Thanks fr
Gold is most rewarding metal if u get it but u know it is totally research thing i would suggest u take it completely coz many other currency pairs give you return rate vs single gold chart might be same
i am still learning coz sometimes i make blunders good idea is observe gold for the next year and understand it i am trying the same thing
  • #1,794
  • Nov 23, 2021 7:52am Nov 23, 2021 7:52am
Quoting Kefada
Going long doesnt seem like a good idea yet
I agree, I have shorted till 1760
  • #1,795
  • Nov 23, 2021 8:28am Nov 23, 2021 8:28am
There was some significant buying power but it was only a retracement
  • #1,796
  • Nov 23, 2021 8:35am Nov 23, 2021 8:35am
Quoting Kefada
There was some significant buying power but it was only a retracement
Its happening again
  • #1,797
  • Nov 23, 2021 8:39am Nov 23, 2021 8:39am
Quoting Kefada
{quote} Its happening again
I see, support formed @ 1785
  • #1,798
  • Nov 23, 2021 8:43am Nov 23, 2021 8:43am
Patience guys with buys.
Patiently wait for confirmations and then take the buys. We are coming off huge momentum.
I am looking at buys at 1788 level.
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  • #1,799
  • Nov 23, 2021 8:44am Nov 23, 2021 8:44am
Quoting Kefada
{quote} Its happening again
I think it was due to the upcoming news event
  • #1,800
  • Nov 23, 2021 8:54am Nov 23, 2021 8:54am
Quoting bedzocapital
{quote} I see, support formed @ 1785
Yeah, if you look to the left on H4 or H6 you will see the zone happen in the past
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