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  • #3,321
  • Sep 6, 2022 9:50am Sep 6, 2022 9:50am
Quoting ForexGoose
sold from 1714, stop above 1721, target is 1683 there could be a dump if there is risk-off {image} {image}
bulls might give up soon
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-09-06_10-50-04.png Size: 37 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,322
  • Sep 6, 2022 12:03pm Sep 6, 2022 12:03pm
Quoting aahmad29
{quote} I made mistake. Instead of setting TP 1703 I set it 1702. It was typo and didn’t hit TP. Closed my short position with small profit. Both red and green reports of PMI made it neutral.
Another Sell limit got activated and hit TP.

Sell Limit 1705.50 [email protected]

I am behind on my monthly target.

September Target = 20,000 Points
Attached Image (click to enlarge)
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Love for all; Hatred for none.
  • #3,323
  • Sep 6, 2022 2:27pm Sep 6, 2022 2:27pm
Unless a meltdown happens which will cause pan sell off, then money should be flowing into gold as a safe haven against potential recession and inflation. I'm long XAU myself as an hedge. As i wrote in USD/JPY thread: 'First time since 2007 that short-term yields are higher than long-term yields (inverted yield curve) The debt market is very volatile and bearish at the moment in my view. Real estate and stock market should be under pressure with these kind of interest rates already also. Good luck paying off your debts USA, just sayin', hehe'
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  • #3,324
  • Sep 7, 2022 2:10am Sep 7, 2022 2:10am
Quoting A1998
what do u guys think gold will be form a double bottom before go up or hit 1703 area then go up? which one do you thing the most possible way for gold .. any discussion please about trading in gold
As US Fed is determined to bring inflation down by increasing interest rates, my view is profoundly bearish for gold in the medium term. In short term it may show high volatility but medium term (2-3 months) view is very bearish. USDX should move higher bringing stocks and gold down.
  • #3,325
  • Sep 7, 2022 8:26am Sep 7, 2022 8:26am
Quoting ForexGoose
sold from 1714, stop above 1721, target is 1683 there could be a dump if there is risk-off {image} {image}
a crash under 1683 is possible in the near-term

bulls should have tight stops if they are buying near 1683
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,326
  • Sep 7, 2022 2:50pm Sep 7, 2022 2:50pm
Quoting ForexGoose
{quote} a crash under 1683 is possible in the near-term bulls should have tight stops if they are buying near 1683
Looks like GOLD will test 1725 again. Would you guys have any short positions on the list?

Also, I am new here. ForexGoose & aahmad29 you guys are super helpful. Sorry for the late reply or questions as I am new here, my posts on in the queue for moderator approval.
  • #3,327
  • Sep 7, 2022 5:30pm Sep 7, 2022 5:30pm
Scalping continue. Two positions are closed

Sell 1705.23 [email protected]
Buy 1710.97 [email protected]

September Target = 20,000 Points
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.png Size: 24 KB
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  • #3,328
  • Sep 8, 2022 2:30am Sep 8, 2022 2:30am
Gold at a interesting point. Jumped of the exhaustion zone at 1690. Will we see a reversal? let see
  • #3,329
  • Sep 8, 2022 3:01am Sep 8, 2022 3:01am
Attached File(s)
File Type: ex4 zoneTradingAuto.ex4   195 KB | 392 downloads
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Click to Enlarge Name: XAUUSDM15.png Size: 27 KB
  • #3,330
  • Sep 8, 2022 3:23am Sep 8, 2022 3:23am
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  • #3,331
  • Sep 8, 2022 4:55am Sep 8, 2022 4:55am
I was hoping price will go to 1740-1750 area but first it has to break resistance at 1725. September 21 is the day when price can go and test Bottom again at 1683. Let’s see what happen. So far price couldn’t break resistance at 1725.
Love for all; Hatred for none.
  • #3,332
  • Sep 8, 2022 6:05am Sep 8, 2022 6:05am
I predict that gold will spike up after the ECB and then crash down when Powell starts to speak. I will try to sell rallies later after the NY open.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,333
  • Edited 7:10am Sep 8, 2022 6:35am | Edited 7:10am
FVG's on my chart are

1793
1770
1728 (No more valid)
1706

That's how i set my multiple targets and there are some scalping techniques based on price action is here and there
Love for all; Hatred for none.
  • #3,334
  • Sep 8, 2022 6:48am Sep 8, 2022 6:48am
Quoting aahmad29
FVG's on my chart are 1793 1770 1728 1706 That's how i set my multiple targets and there are some scalping techniques based on price action is here and there


now we are exactly on 1728
do you make a sell position here
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  • #3,335
  • Sep 8, 2022 7:09am Sep 8, 2022 7:09am
Quoting ForexGoose
I predict that gold will spike up after the ECB and then crash down when Powell starts to speak. I will try to sell rallies later after the NY open.
1750 might be possible to sell from
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-09-08_08-08-48.png Size: 39 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,336
  • Sep 8, 2022 7:13am Sep 8, 2022 7:13am
Quoting ForexGoose
{quote} 1750 might be possible to sell from {image}
I have one sell limit at 1740
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  • #3,337
  • Sep 8, 2022 7:16am Sep 8, 2022 7:16am
Quoting redcat3003
{quote} now we are exactly on 1728 do you make a sell position here {image}
I exactly dont follow are rules regarding FVG but i think you should visit the thread "M1 Price action system" by Bilal. I think it has moved to trading discussion.

Unfortunately i already opened one short position for scalping @1723 with TP@1708 so i wont add another
Love for all; Hatred for none.
  • #3,338
  • Sep 8, 2022 7:22am Sep 8, 2022 7:22am
Quoting aahmad29
FVG's on my chart are 1793 1770 1728 (No more valid) 1706 That's how i set my multiple targets and there are some scalping techniques based on price action is here and there
What a nice rebound from 1728
Love for all; Hatred for none.
  • #3,339
  • Sep 8, 2022 7:27am Sep 8, 2022 7:27am
Quoting aahmad29
{quote} What a nice rebound from 1728
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RedcaT 3003
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  • #3,340
  • Sep 8, 2022 8:15am Sep 8, 2022 8:15am
Closed one short position
1723 -1712

I am holding another short position from 1718 with TP@1708.

Note: 1708 is bullish FVG. I can use this FVG as target for short position because daily trend is bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.png Size: 25 KB
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