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  • #3,001
  • Jul 27, 2022 12:27pm Jul 27, 2022 12:27pm
Quoting ForexGoose
{quote} waiting for 1751 on 4h {image}
I am not expert but i found this indicator which is supporting your analysis.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.png Size: 28 KB
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  • #3,002
  • Jul 27, 2022 5:36pm Jul 27, 2022 5:36pm
Closed one long in profit 1730 - 1737 and added short position. Next four weeks market looks sideways
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Click to Enlarge Name: XAUUSD.png Size: 26 KB
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  • #3,003
  • Jul 27, 2022 6:13pm Jul 27, 2022 6:13pm
Very valuable and detail analysis of gold at Gold Eagle

Gold’s Rise Is Just a Recession Away
By Matthew Piepenberg
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  • #3,004
  • Edited 4:52am Jul 28, 2022 4:41am | Edited 4:52am
Quoting ForexGoose
{quote} waiting for 1751 on 4h {image}
it might stall out near 1751 today if the US GDP data is good, otherwise it might rally to 1767 and then 1784

it looks like 1784 will be a strong monthly resistance level
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-07-28_07-40-36.png Size: 34 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,005
  • Jul 28, 2022 7:07am Jul 28, 2022 7:07am
Quoting ForexGoose
{quote} it might stall out near 1751 today if the US GDP data is good, otherwise it might rally to 1767 and then 1784 it looks like 1784 will be a strong monthly resistance level {image}
reached 1751, now waiting for 1767
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-07-28_10-06-49.png Size: 36 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,006
  • Jul 28, 2022 8:03am Jul 28, 2022 8:03am
Closed one long position 1741-1751
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Click to Enlarge Name: XAUUSD.png Size: 26 KB
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  • #3,007
  • Jul 28, 2022 8:41am Jul 28, 2022 8:41am
Quoting RichClaws
{quote} 1750 is the fibo level (38.2%). 1785 is the extreme fibo level (61.8%). theoretically it can reach but hardly. now the "head and shoulders" is being worked out with a target in the area of 1630
Can you post chart in support of head and shoulders pattern?

I have closed some long positions but i still have some with multiple targets 1770 , 1781, 1799. Now price is in my selling zone and i have started adding short positions. My bullish point of gravity is 1799 and now selling point of gravity has created 1723.
Love for all; Hatred for none.
  • #3,008
  • Jul 28, 2022 10:32am Jul 28, 2022 10:32am
Gold shorts. Sl at 1756
Attached Image (click to enlarge)
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Trend following
  • #3,009
  • Edited 11:03am Jul 28, 2022 10:52am | Edited 11:03am
Hi.
Today was tough for me scalping.
Started losing. Out of 5 initial trades, I lost 4 of them, and 1 very small win. Decreased 2.4% the account at that moment.
Finally, after GDP news, I recovered all losses and ended the day on the positive side.
Today I increased 1.62% the account, and stopped trading there, since my goal of 1% had been reached.
Have a great day!
Attached Image (click to enlarge)
Click to Enlarge Name: Final analysyis- 28 jul 2022-XAUUSDM1.png Size: 47 KB
  • #3,010
  • Jul 28, 2022 6:32pm Jul 28, 2022 6:32pm
Quoting aahmad29
{quote} Can you post chart in support of head and shoulders pattern? I have closed some long positions but i still have some with multiple targets 1770 , 1781, 1799. Now price is in my selling zone and i have started adding short positions. My bullish point of gravity is 1799 and now selling point of gravity has created 1723.
Highlighted the Head and Shoulders with an ellipse. It seems to me it will not rise above 1770. There (MA200) on the 4-hour chart and the upper line of the descending channel.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 27 KB
  • #3,011
  • Jul 28, 2022 6:36pm Jul 28, 2022 6:36pm
Quoting RichClaws
{quote} Highlighted the Head and Shoulders with an ellipse. It seems to me it will not rise above 1770. There (MA200) on the 4-hour chart and the upper line of the descending channel. {image}
Thanks for reply. What target you recommend for short positions ?
Love for all; Hatred for none.
  • #3,012
  • Jul 28, 2022 6:52pm Jul 28, 2022 6:52pm
Quoting aahmad29
{quote} Thanks for reply. What target you recommend for short positions ?
I would recommend shorts from 1760 with a target of 1660. But the projection target for working out the head and shoulders is the 1630 area
  • #3,013
  • Jul 29, 2022 4:32am Jul 29, 2022 4:32am
Quoting ForexGoose
{quote} reached 1751, now waiting for 1767 {image}
reached 1767 earlier, now waiting for 1784
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-07-29_07-32-01.png Size: 36 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,014
  • Jul 29, 2022 6:05am Jul 29, 2022 6:05am
I have this opened...risking 3.15%
Attached Image (click to enlarge)
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  • #3,015
  • Jul 29, 2022 6:18am Jul 29, 2022 6:18am
Stopped out
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  • #3,016
  • Jul 29, 2022 6:28am Jul 29, 2022 6:28am
Another long, better entry
Attached Image (click to enlarge)
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  • #3,017
  • Jul 29, 2022 6:31am Jul 29, 2022 6:31am
Closed manually..took some profits
  • #3,018
  • Jul 29, 2022 6:38am Jul 29, 2022 6:38am
Opened some shorts
Attached Image (click to enlarge)
Click to Enlarge Name: 08h37- short T3 opened- XAUUSDM1.png Size: 39 KB
  • #3,019
  • Jul 29, 2022 6:56am Jul 29, 2022 6:56am
closed it securing some profits
Attached Image (click to enlarge)
Click to Enlarge Name: close t4 XAUUSDM1.png Size: 35 KB
  • #3,020
  • Jul 29, 2022 7:12am Jul 29, 2022 7:12am
I opened some buys. I will close if it does not break resistance
Attached Image (click to enlarge)
Click to Enlarge Name: 09h10- buy t5- XAUUSDM1.png Size: 41 KB
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ElHuncho