Gold and GJ analysis | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Technical Analysis vs Practical Analysis 15 replies

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

technical analysis -or- fundamental analysis 327 replies

Great Gold and Silver Technical analysis 0 replies

future technical analysis, or spot analysis 4 replies

Attachments: Gold and GJ analysis
Exit Attachments

Gold and GJ analysis

  • #21
  • Feb 18, 2022 7:29am Feb 18, 2022 7:29am
Quoting prozor7
{quote} TP2 158.789 typo???
OHHH... thank you.

TP 2 @ 155.789
  • #22
  • Feb 18, 2022 10:49am Feb 18, 2022 10:49am
Closed 70 % of my position @156.323

It's Friday, i dont expect much more volume but will keep 30 % open just in case .

Will close all of my position in 3 hrs.
  • #23
  • Feb 21, 2022 3:05pm Feb 21, 2022 3:05pm
GJ:

I expect to see bearish PA on GJ this week. Price at higher timeframes was not able to close above 157.000,and now we are leaving that area.
With that in mind i still have HIGHLY bearish premiss.

I will wait for the high volume times to find my entry. Possibly at prelondon or london open we will have move up and then some moves down. If i see that price is geting bullish PA i will not enter any positions,untill 4hr is SELL.

Today was no trade day.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_2022-02-21_22-02-43.png Size: 136 KB
  • #24
  • Feb 22, 2022 1:06am Feb 22, 2022 1:06am
Gj sell:

@155.184

sl @ 155.67

tp @155.118
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_2022-02-22_08-04-52.png Size: 122 KB
  • #25
  • Feb 22, 2022 1:11am Feb 22, 2022 1:11am
GOLD:

As we can see,gold is clearly in up trend. Horever,i still think that is curently overbought so i will be careful with buys. I will be looking for buys in pre-ny or ny session above 1910.57

Sells below 1907.07
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-02-22_08-07-05.png Size: 121 KB
  • #26
  • Feb 22, 2022 2:55am Feb 22, 2022 2:55am
Quoting zerocool007
Gj sell: @155.184 sl @ 155.67 tp @155.118 {image}
Trade closed at BE. Did not like rejection from 155.600 area. Will wait for re-entry in pre-ny or during NY.
  • #27
  • Feb 22, 2022 6:18am Feb 22, 2022 6:18am
GOLD:

Expecting sells in NY session. If i see that price is still getting bearish momentum i will enter sells below 1894.28.

Waiting for volume to kick in..
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-02-22_13-16-20.png Size: 126 KB
  • #28
  • Feb 22, 2022 7:48am Feb 22, 2022 7:48am
I do not like any PA today. So i will stay out of the market for now.

We had some up push on gold, but i did not have enough conformations to enter buy.
  • #29
  • Edited 12:52pm Feb 23, 2022 12:33pm | Edited 12:52pm
GJ:

One trade this week for now which ended BE,

Still waiting for sells on GJ.
As we can see,we had strong move down and i expect that we are stareting new bearish trend.

I will be looking for sells tommorow morning,london open or prelondon,for wick up and then selling when volume hits.

Will se what PA will show.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_2022-02-23_19-31-05.png Size: 122 KB
  • #30
  • Feb 24, 2022 3:52am Feb 24, 2022 3:52am
GJ sell

As i thought,we had strong bearish move durin prelondon and london session.

Currently in a sell with tp @153.791
sl @154.591
  • #31
  • Feb 24, 2022 7:29am Feb 24, 2022 7:29am
GJ:

TP hit

GOLD:

With war going on in Ukraine and bad news for economy i still expect for price on gold to go up with slightly corection over time.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-02-24_14-28-18.png Size: 112 KB
  • #32
  • Feb 24, 2022 8:37am Feb 24, 2022 8:37am
Alotough we have some moves on gold i stayed out from entering.

Setup was not clear enough for sells below 1961.06 but price just melted.

Done for the week.

Stay safe and have a great weekend
  • #33
  • Feb 24, 2022 8:53am Feb 24, 2022 8:53am
Quoting zerocool007
Alotough we have some moves on gold i stayed out from entering. Setup was not clear enough for sells below 1961.06 but price just melted. Done for the week. Stay safe and have a great weekend

excellent trading and smart decision to stepaside

1961 on GOLD was very tricky for entry - don't lock back thinking that you miss something

have a great weekend
Forex can only be understood backwards, but it must be traded forwards.
  • #34
  • Feb 24, 2022 9:42am Feb 24, 2022 9:42am
Thank you!!

This week i had "just" two entries. Somehow i did not like PA.
About gold:
This moves were purley fundamental and for trader not so expirienced(as me)could be blood bath. I knew that corection will happen and that would be a big one, but with that huge up moves i just wasnt brave enough to press that sell button.

I always struggled with missed entries, but not anymore. New day,new opportunities. And because i do not have unexpected and high expectations, for now, im not even intrested in that huge moves. Maybe one day,as experience grows.. I have my pip goal/RR goal and i exit a trade even if go down/up tens of pips more..greed is the most dangerous enemy of a trader. I learned that hard way lol.

Thank you again for your kind words and have a nice weekend!!
  • #35
  • Feb 24, 2022 1:46pm Feb 24, 2022 1:46pm
Quoting zerocool007
GJ: My prediction was right. We had wick up in the 4HR supply zone and rejection from there. I enter a sell @ 157.000 with SL @157.300 (SL bigger than usual). I will trail it as price go lower. If i see price is getting BULLISH volume in NY session i will close some of my position. For now all of my position running in profit. TP @ 156.177 50% tp2 @158.789 full {image} {image}
hello. whats your view now on gj? i saw bullish taking over but with the current russia ukraine situation im a bit confuse. would love to know your view where the price might go
  • #36
  • Feb 25, 2022 4:33am Feb 25, 2022 4:33am
Quoting fizy127
{quote} hello. whats your view now on gj? i saw bullish taking over but with the current russia ukraine situation im a bit confuse. would love to know your view where the price might go
I'm still looking for sells on GJ. When I say I'm looking for sells its mean that I expect bearish moves will have bigger volume. There will be of course up moves but I'm not looking to catch them. When I see that PA is getting bullish,that high volume sessions have more volume in bullish moves,I will consider of turning my bias to bullish.

Because of the situation in Ukraine,market will be very volatile. . I'm assuming based on PA in which price rejected from high resistance area on higher timeframes,that we will have some bearish moves before going up to break that 157.000 area on W and D.
  • #37
  • Edited 4:58am Feb 28, 2022 4:18am | Edited 4:58am
Good morning.

GJ:

I will wait to see what price is going to to today.

Anticipating buys up to daily supply zone and then looking for sells. If daily candle closes above 157.000 i will change my bias to buy.
For now still in selling mode with some buying scalps if there is setup.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_2022-02-28_11-15-57.png Size: 132 KB
  • #38
  • Edited 5:29am Feb 28, 2022 4:57am | Edited 5:29am
GJ BUY:

Entry @154.788

SL @154.651

TP @155.147

Against my bearish bias but took a opportunity to buy up to daily supply zone.

EDIT: took 50% of my position out and put SL to BE.

EDIT: trade closed at BE
  • #39
  • Mar 1, 2022 7:24am Mar 1, 2022 7:24am
GOLD:

I will wait to see where PA and momentum will go during NY session. Buys above 1925.00,up to the 1 hr supply zone. We have clean range to the left so i expect that price will not have so much strugle going up.

Sells below 1916.04,targeting resistance zone at 1883.00

Waiting for volume to kick in..
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-03-01_14-21-16.png Size: 120 KB
  • #40
  • Edited Mar 2, 2022 1:36am Mar 1, 2022 12:34pm | Edited Mar 2, 2022 1:36am
GOLD :
Second trade this week.

Waited for NY volume to kick in and after 30 mins candle closed above 1925.00 waited for pullback where i had my entry.

As we can see,price is going up very fast as expected

I took some of my position out and put my SL in profits. I expect to see that price will go up to the 1 hr supply zone where is my full tp.@ 1950.21

Entry @ 1922.96

SL @ 1923.49

EDIT : full tp hit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 41 KB
Click to Enlarge Name: XAUUSD_2022-03-01_19-32-40.png Size: 122 KB
0 traders viewing now