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  • #2,501
  • Jun 1, 2022 6:48am Jun 1, 2022 6:48am
Quoting ForexGoose
bears failed so far today, choppy price action
Right, This Choppiness will be there till NFP

Trade Safe
  • #2,502
  • Jun 1, 2022 7:09am Jun 1, 2022 7:09am
Quoting goldbabe
Sold at 1851.70, stop loss currently at 1842 and take profit at 1805.
Saw the large wick to the upside and though it was a news related reversal so I moved my stop loss to 1854 and it looks like gold is back on its way down after positive PMI and Jolt Job Opening data. Let's see what happens.
  • #2,503
  • Jun 1, 2022 7:10am Jun 1, 2022 7:10am
the last big spike was probably manipulation and I bet that the trend will continue to the downside under 1840 again

need to keep stops tight to lock in some profit when things are choppy
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-06-01_10-10-32.png Size: 38 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #2,504
  • Jun 1, 2022 8:55am Jun 1, 2022 8:55am
Quoting Profit1986
{quote} SL Trade closed {image}Reversed on 1 mn. Buy opened{image}Hahahaha.... by the time i was posting my BUY TP got hit...... Loss recovered of sell trade and 25 pips Profit as USUAL{image}146MORE TO GO......... https://www.forexfactory.com/thread/...9#post14018239
Opened Buy Trade

Reversed Now on the 5 min. Thats why my TP is this and not 25....

Calculation ( Loss in Pips of 5 mn sell and New 5 mn Signal +25 Pips)/2=Around 89 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 7 Open.JPG Size: 194 KB


Trade Safe
https://www.forexfactory.com/thread/...5#post14018635
  • #2,505
  • Jun 1, 2022 9:19am Jun 1, 2022 9:19am
Quoting Profit1986
{quote} Opened Buy Trade Reversed Now on the 5 min. Thats why my TP is this and not 25.... Calculation ( Loss in Pips of 5 mn sell and New 5 mn Signal +25 Pips)/2=Around 89 Pips {image} Trade Safe https://www.forexfactory.com/thread/...5#post14018635
Trade 7 Closed at less pips than 89 cause dont wannna be awake, have to sleep

Still according to me it SHOULD at least reach 1852 https://www.forexfactory.com/thread/...1#post14018691
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 7 Closed.JPG Size: 242 KB


145 MORE TO GO
Trade Safe
  • #2,506
  • Jun 1, 2022 9:48am Jun 1, 2022 9:48am
sold from 1849, stop loss at 1854, targets 1840 and below
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-06-01_12-47-09.png Size: 36 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #2,507
  • Jun 1, 2022 11:48pm Jun 1, 2022 11:48pm
Quoting Profit1986
{quote} Trade 7 Closed at less pips than 89 cause dont wannna be awake, have to sleep Still according to me it SHOULD at least reach 1852 https://www.forexfactory.com/thread/...1#post14018691 {image} 145 MORE TO GO Trade Safe
TP Hit as per my calculation , but i got out early, No Worries

Trade Safe
  • #2,508
  • Jun 2, 2022 12:44am Jun 2, 2022 12:44am
Sales of US Mint Reached 147K Ounces Of Gold
Compared to April the sales are up by 67%, Which shows a massive demand from consumers.
From five year average from 2015 to 2019 the sales are up by 400%
  • #2,509
  • Jun 2, 2022 2:04am Jun 2, 2022 2:04am
Hi,

Trade 8 Opened Buy
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 8 open.JPG Size: 193 KB


https://www.forexfactory.com/thread/...4#post14019354

Trade Safe
  • #2,510
  • Jun 2, 2022 3:19am Jun 2, 2022 3:19am
Quoting Profit1986
Hi, Trade 8 Opened Buy {image} https://www.forexfactory.com/thread/...4#post14019354 Trade Safe
TP Hit......
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 8 Close.JPG Size: 242 KB
144 MORE TO GO...........

Trade Safe
https://www.forexfactory.com/thread/...0#post14019430
  • #2,511
  • Edited 4:51am Jun 2, 2022 3:54am | Edited 4:51am
ADP Non-Farm Employment Change data coming up soon. I wouldn't trade Gold before the data is released.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 23 KB

It looks like it could rotate back down today after the NY open.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-06-02_07-49-21.png Size: 37 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #2,512
  • Jun 2, 2022 7:42am Jun 2, 2022 7:42am
Quoting ForexGoose
ADP Non-Farm Employment Change data coming up soon. I wouldn't trade Gold before the data is released. {image} It looks like it could rotate back down today after the NY open. {image}

Lol, that was 3 hours ago, what do you reckon now that it has shot up to almost 1970?

It could break through and maybe touch 1875 before starting its descent for tomorrow's NFP release? It's surprising to see it still go up after all the hawkish remarks, the ETF outflows, and the US-10 year and DXY looking strong, and the ADP today coming in better than expected...
"Who Dares Wins"
  • #2,513
  • Jun 2, 2022 7:50am Jun 2, 2022 7:50am
Reached resistance near 1870 on the daily chart. I think this could be the top for today. A sustained break of this level could then target 1885 and 1900.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-06-02_10-48-17.png Size: 41 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #2,514
  • Jun 2, 2022 8:27am Jun 2, 2022 8:27am
Quoting Ravenfeeder
{quote} Lol, that was 3 hours ago, what do you reckon now that it has shot up to almost 1970? It could break through and maybe touch 1875 before starting its descent for tomorrow's NFP release? It's surprising to see it still go up after all the hawkish remarks, the ETF outflows, and the US-10 year and DXY looking strong, and the ADP today coming in better than expected...
buy it now and see what happens later
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #2,515
  • Jun 2, 2022 9:42am Jun 2, 2022 9:42am
Quoting ForexGoose
{quote} buy it now and see what happens later
Haha I rather won't, I see new red 30min candle, and DXY might have found support where it is now, and 10-year looks like it might ascend again but let's see.
"Who Dares Wins"
  • #2,516
  • Jun 2, 2022 8:44pm Jun 2, 2022 8:44pm
Quoting MrAndrew
Sales of US Mint Reached 147K Ounces Of Gold Compared to April the sales are up by 67%, Which shows a massive demand from consumers. From five year average from 2015 to 2019 the sales are up by 400%
find relationship between gold and audusd
  • #2,517
  • Jun 2, 2022 8:48pm Jun 2, 2022 8:48pm
what are the chances of me making money, considering the comment on top left of chart

which shows that all time frames are buillish
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5.png Size: 16 KB
  • #2,518
  • Jun 2, 2022 8:55pm Jun 2, 2022 8:55pm
i just got up one fine moprning and took this trade randomly

now i realize i made one beautiful blunder, trying to trade gold below yesterday high 1870 lol
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5.png Size: 14 KB
  • #2,519
  • Jun 2, 2022 9:45pm Jun 2, 2022 9:45pm
A WEAK Bearish Trend is seen on gold during Tokyo Session.
Buyers need to be cautious.
But still London Open will clear some picture about the yellow metal.
  • #2,520
  • Jun 3, 2022 2:01am Jun 3, 2022 2:01am
Gold trading lower at $1865 ahead of London Open.
An increased Bullish Liquidity from retailers may trigger it further down...
However, Silver is still maintaining its Bullish Path.
Looking forward to major economic releases US ISM PMI & NFP reports.
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