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Gold

should we expect 1800?
Quoting abimalik
should we expect 1800?
It depends on Friday data
Love for all; Hatred for none.
Quoting ForexGoose
{quote} closed the buy stop order with minor profit i will wait until Friday after the red data to decide if I want to buy or sell {image}
choppy price action intra-day
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting Michaelniche
I use a large TF system that I created took about 3 years to understand! Seems to like the short on this one. {image}

please send this one indicator

thanks

woman
life
freedom
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RedcaT 3003
25k Return This Week: na
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As the U.S. economic system begins to gradually slow down, and Fed Chairman Powell also claimed that the rate of interest rate hikes will be slowed down in the future, the market began to expect the Fed to slow down interest rate hikes in December, and gradually increased the demand for gold.

From the Technical Analysis perspective, price action has breakthrough strong resistant area of 1675. Besides that, EMA (Exponential Moving Average) in 4hour time frame showing cross above indicate that uptrend momentum. Therefore, can try to do long position around 1765. -VM
Quoting abimalik
should we expect 1800?
already there
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
{quote} already there
what ur opinion will it hold or fall?
Quoting abimalik
{quote} what ur opinion will it hold or fall?
depends on inflation data next week

so far, the wholesale prices increased and caused a Gold dump

https://www.cnbc.com/2022/12/09/whol...s-cooling.html

I will stay out of trading Gold until the CPI report next week

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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
{quote} depends on inflation data next week so far, the wholesale prices increased and caused a Gold dump https://www.cnbc.com/2022/12/09/whol...s-cooling.html
Is it right to sell into fomc?
Quoting ForexGoose
{quote} depends on inflation data next week so far, the wholesale prices increased and caused a Gold dump https://www.cnbc.com/2022/12/09/whol...s-cooling.html I will stay out of trading Gold until the CPI report next week {image}
Yes you are right. Revised data of inflation expectation came in Red and next week is full of action
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Love for all; Hatred for none.
Quoting ForexGoose
{quote} depends on inflation data next week so far, the wholesale prices increased and caused a Gold dump https://www.cnbc.com/2022/12/09/whol...s-cooling.html I will stay out of trading Gold until the CPI report next week {image}
Would u consider a bullish gold after Putin's threat ? I am seeing a bullish tendancy right after this fiasco
Quoting Akhter
{quote} Would u consider a bullish gold after Putin's threat ? I am seeing a bullish tendancy right after this fiasco
i'm focusing on the interest rates, U.S. dollar, and economic data

i don't know what Putin's latest threat was
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
{quote} i'm focusing on the interest rates, U.S. dollar, and economic data i don't know what Putin's latest threat was
could be a trap on the chart
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting abimalik
should we expect 1800?
next week monday for sure. the banks are trying to push it above last monday's short-term swing high. well have to see what the cbdr looks like before predicting any highs but my daily bias for next week monday is very bullish
Quoting ForexGoose
{quote} could be a trap on the chart {image}
Nice tutorial. West to East, we wait for the market to tell us the next direction then we follow.
Hi,
According to daily view Gold is getting ready for a break out, ltf Emas crossed, but keep in mind - lower high made on Friday!
Weekly view if double top holds posibility to revisit 1700.
Again, all depends on next weeks data.
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GL and trade safe
Hi,

My opinion is: at the moment, there is no need to focus on SELL possibilities while there is an obvious and strong UPTREND in the Monthly Timeframe, Weekly Timeframe, Daily Timeframe and H4 Timeframe... All we need to do is (I think) to focus on buying opportunities where we are gonna risk the minimum amount of our capital.

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The thick lines on the picture are the main shafts of the trends. The Red Thick Trendline was broken and gave us a strong signal for a BULL Trend. And since that day price is respecting the New Angle of the New Uptrend (Thick Green Trendline). According to this perspective, I am gonna stay as a BULL until the Thick Green Trendline is broken.

On Monday, for me there are three potential targets: 1820, 1833, 1852

1820 makes the most sense out of all those three, because it is in the Daily Range (the average distance travelled in the last 14 days)

Best Regards
Imagination rules the world ...
Another bearish view 4hr chart
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Asia session sold already too much for now.
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