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Gold

Hello everyone, just leaving my 2 cents here.

At the moment it is very bad for scalping, too much ranging.

I'm looking forward for another big bearish move like this morning early, maybe tomorrow with the news?
Quoting bearthebull
Hello everyone, just leaving my 2 cents here. At the moment it is very bad for scalping, too much ranging. I'm looking forward for another big bearish move like this morning early, maybe tomorrow with the news?
Gold Trading Plan - 6 January 2022
--------------------------------
*Possibility of Gold Movement* when reaching Support 1786 is Gold will going up/ bullish for retracement or correctionto retest Resistan 1 (R1) on 1798 (80% chance or *Plan A*).
*Probability 1* If Gold can surpass 1798, Gold will bullish again to retest Resistan 2 on 1802. If Gold constantly about that level, Gold will going up again to Resistan 3: 1808. And finally Gold will bullish again to Resistan 4: 1814 if Gold can constantly above R3.
*Probability 2* Gold will falling down without correction (20% chance) to.... (to be continue).
Read on:
https://www.instagram.com/p/CYZiHUXP...dium=copy_link
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I"m vying for it to just keeping DROPPING....we shall see!
D1 & H12
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Greetings,

The last trading day on this pair looks like it absorbed the selling from the pervious day candle. A Buy position would be opened on my behalf and a SL below the white candle.
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Quoting bearthebull
Hello everyone, just leaving my 2 cents here. At the moment it is very bad for scalping, too much ranging. I'm looking forward for another big bearish move like this morning early, maybe tomorrow with the news?
Ranging markets are the best markets for scalping. When it starts trending, you wouldn't want to be scalping, you want to be following the trend
A 1 pip gain is better than a 1 pip loss.
Quoting Mjolnir89
The last trading day on this pair looks like it absorbed the selling from the pervious day candle. {image}
Gold recovered as DXY started to weaken from bad NFP figures. But not before a whole bunch of buy and sell orders were hoovered up on both sides by the boyz. Hope 1786 support holds and in theory 1794 is now resistance-turned support. Be careful going into this week - more jawboning from the idiots at the fed.
watching to short
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ITB - Seeking Orderliness amongst 'Randomness'
Quoting Inthebox
watching to short {image}
to about where?
bouncing between the 2 lines that i have drawn.
ITB - Seeking Orderliness amongst 'Randomness'
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Quoting phd893
{image}
your intention is to long or short?
ITB - Seeking Orderliness amongst 'Randomness'
1741 to 1667 correct may to up further . waiting react low to bounce further. pa ranges can be like this test break 1741 towards 1684 to bounce above 1959 to retest 1641/1684 to 1667 to ready up continue ! again more smaller tf , price likely above 1807 to restar down , 1789 to 1807 + to 1741.take care
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Not understand?never follow my analyses!
scalping day trading . watch carefully

Inserted Video
Head shoulder pattern on weekly. I would not take longs till 1830 breaks or confirmed shorts till 1788 breaks
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Quoting Inthebox
watching to short {image}
result
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ITB - Seeking Orderliness amongst 'Randomness'
watching to short
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ITB - Seeking Orderliness amongst 'Randomness'
Looks like we have a bearish engulfing on Gold Hourly...
Quoting Inthebox
watching to short {image}
result
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ITB - Seeking Orderliness amongst 'Randomness'
Quoting Tereticornis
Looks like we have a bearish engulfing on Gold Hourly...
Yes it looks like that if it doesn't break 1830 again, it will go bearish af. Maybe past 1700?
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