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  • #4,281
  • Nov 22, 2022 5:50am Nov 22, 2022 5:50am
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RM
  • #4,282
  • Nov 22, 2022 6:07am Nov 22, 2022 6:07am
seems sell is going to start
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  • #4,283
  • Nov 22, 2022 8:19am Nov 22, 2022 8:19am
Quoting muhdhafiz
{image}
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RM
  • #4,284
  • Nov 22, 2022 10:50pm Nov 22, 2022 10:50pm
Daily Timeframe
We need to see that last resistance at 1728 is going to turn into support or bears have full control and price drop to 1695 and then next target is 1630.
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Love for all; Hatred for none.
  • #4,285
  • Nov 22, 2022 10:52pm Nov 22, 2022 10:52pm
I smell a big drop happening.
If support breaks
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No pen no gen
  • #4,286
  • Nov 22, 2022 11:16pm Nov 22, 2022 11:16pm
On Daily a double bottom is being worked out for a target 1838 (50% Fib). The RSI convergence also for continued growth.
  • #4,287
  • Nov 22, 2022 11:23pm Nov 22, 2022 11:23pm
Quoting RichClaws
On Daily a double bottom is being worked out for a target 1838 (50% Fib). The RSI convergence also for continued growth.
You might be right. But all I can see is textbook head and shoulder pattern with retest for a continuation downward. If it breaks the current support right now we can see a big drop in my opinion.

PS. I see a lot of imbalances

4HR TF
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No pen no gen
  • #4,288
  • Nov 23, 2022 1:37am Nov 23, 2022 1:37am
here it seems another sell opportunity
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  • #4,289
  • Nov 23, 2022 1:50am Nov 23, 2022 1:50am
Selling Gold
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  • #4,290
  • Nov 23, 2022 4:09am Nov 23, 2022 4:09am
Thread has gone silent today.
  • #4,291
  • Nov 23, 2022 4:20am Nov 23, 2022 4:20am
Quoting abimalik
here it seems another sell opportunity {image}
Bravo it was great
  • #4,292
  • Nov 23, 2022 4:43am Nov 23, 2022 4:43am
Quoting pundit78
Thread has gone silent today.
Indeed! It might be fear and confusion, as it seems Gold can still go anyway, all depending on US Durable Goods data as well as the FOMC minutes of tonight! I myself am being careful, and interested to see when XAUUSD will finally reach its bottom, albeit Q123...
"Who Dares Wins"
  • #4,293
  • Nov 23, 2022 5:50am Nov 23, 2022 5:50am
I guess the bears are not so willing to drive the price towards deeper levels.

The fact that the price already touched the Trendline 3 times but failed to move further is a symptom that bulls have the potential to break the trendline and move towards the Daily Rang, which is around 1759s.

Personally, for now, I am just monitoring the candles and waiting for a good opportunity.

Best Regards

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Imagination rules the world ...
Selym Hyll Return This Year: na
  • #4,294
  • Nov 23, 2022 6:12am Nov 23, 2022 6:12am
Quoting selym_co
I guess the bears are not so willing to drive the price towards deeper levels. The fact that the price already touched the Trendline 3 times but failed to move further is a symptom that bulls have the potential to break the trendline and move towards the Daily Rang, which is around 1759s. Personally, for now, I am just monitoring the candles and waiting for a good opportunity. Best Regards {image}
Interesting! Appreciate the insight!
"Who Dares Wins"
  • #4,295
  • Nov 23, 2022 6:55am Nov 23, 2022 6:55am
Quoting selym_co
I guess the bears are not so willing to drive the price towards deeper levels. The fact that the price already touched the Trendline 3 times but failed to move further is a symptom that bulls have the potential to break the trendline and move towards the Daily Rang, which is around 1759s. Personally, for now, I am just monitoring the candles and waiting for a good opportunity. Best Regards {image}
But I am still waiting for 1725, 1712 and 1702. I think these numbers should be seen to go up.
  • #4,296
  • Nov 23, 2022 7:13am Nov 23, 2022 7:13am
Quoting sboy.s63
{quote} But I am still waiting for 1725, 1712 and 1702. I think these numbers should be seen to go up.
Everything was serving in the favour of the bears until this morning. But, the last a few 4H candles messed up the picture. Maybe it is just the "noise" in the market. Who knows? And the violation of the trendline is definitely a negative thing for the bears. If they were strong enough, 3rd touch would trigger a drop. But it did not.

At the same time, the Economic Calendar is full of important data today. So, it is maybe normal to have a cloudy day in the market.

Time will show everything!

Best Regards
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #4,297
  • Nov 23, 2022 7:28am Nov 23, 2022 7:28am
Quoting selym_co
{quote} Everything was serving in the favour of the bears until this morning. But, the last a few 4H candles messed up the picture. Maybe it is just the "noise" in the market. Who knows? And the violation of the trendline is definitely a negative thing for the bears. If they were strong enough, 3rd touch would trigger a drop. But it did not. At the same time, the Economic Calendar is full of important data today. So, it is maybe normal to have a cloudy day in the market. Time will show everything! Best Regards
Yes, we will wait to see what happens
  • #4,298
  • Nov 23, 2022 7:33am Nov 23, 2022 7:33am
Nice spike
No pen no gen
  • #4,299
  • Nov 23, 2022 7:50am Nov 23, 2022 7:50am
What do you think about buying gold at the price of 1732?
  • #4,300
  • Nov 23, 2022 7:52am Nov 23, 2022 7:52am
Quoting aahmad29
Daily Timeframe We need to see that last resistance at 1728 is going to turn into support or bears have full control and price drop to 1695 and then next target is 1630. {image}
As I mentioned that 1728 may turn into support but it is too early to say. I think price will try to break that support again. Closed short position 1738-1728.
Today daily bullish candle with spike can trigger bullish move to test 1800
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