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  • #4,561
  • Dec 13, 2022 7:12am Dec 13, 2022 7:12am
Quoting aahmad29
{quote} As usual they are gonna portrait that all is good and Market for dollar will be hawkish but now investors have concerned about economy. Let see how will it be played?
i guess still no sign of correction looking at all the reports. wondering when will the price will visit 16xx again
  • #4,562
  • Dec 13, 2022 7:59am Dec 13, 2022 7:59am
Quoting ForexGoose
{quote} took profit near 1824, I will trade again tomorrow after the FOMC {image}
This was right
  • #4,563
  • Dec 13, 2022 9:27am Dec 13, 2022 9:27am
wow. on h1 was great fall. for now it's rollback starts.
  • #4,564
  • Dec 13, 2022 2:27pm Dec 13, 2022 2:27pm
H1 time frame looks bullish but Daily time frame is still looks like undecided. I think Tomorrow will be decision day.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: XAUUSD1.png Size: 10 KB
Love for all; Hatred for none.
  • #4,565
  • Dec 13, 2022 6:35pm Dec 13, 2022 6:35pm
Quoting aahmad29
H1 time frame looks bullish but Daily time frame is still looks like undecided. I think Tomorrow will be decision day. {image} {image}
I think that there will be a dump initially and then a rally after the FOMC
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,566
  • Dec 14, 2022 12:11am Dec 14, 2022 12:11am
Quoting asmpnr
{image}{image}
Attached Image (click to enlarge)
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  • #4,567
  • Dec 14, 2022 8:32am Dec 14, 2022 8:32am
Quoting aahmad29
H1 time frame looks bullish but Daily time frame is still looks like undecided. I think Tomorrow will be decision day. {image} {image}
sideways all day. I don't know if it's a good thing or bad for bear.. I hope it will go down, but the bull is so strong. What do you think sir if the FED rise 0.5 BP? will it bring the price down?
  • #4,568
  • Dec 14, 2022 9:49am Dec 14, 2022 9:49am
Quoting Jers
{quote} sideways all day. I don't know if it's a good thing or bad for bear.. I hope it will go down, but the bull is so strong. What do you think sir if the FED rise 0.5 BP? will it bring the price down?
Gold will be bull today night... 1827
  • #4,569
  • Dec 14, 2022 11:28am Dec 14, 2022 11:28am
Sell Gold now
  • #4,570
  • Dec 14, 2022 11:33am Dec 14, 2022 11:33am
Hello senior traders.
I want to know one thing that I have put buy and sell stop with 1.01 lot in xauusd. Sell stop was with 1805.00 with sl 1805.00 and trade has been executed at 1797.25. sl remain same? So is it possible because trade has been moved by broker? Is it scam to make loss, as I couldn't understand how trade has been execute at 1797.25……? It's hotforex broker. Pls reply
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  • #4,571
  • Dec 14, 2022 11:42am Dec 14, 2022 11:42am
Quoting kvmystic
Hello senior traders. I want to know one thing that I have put buy and sell stop with 1.01 lot in xauusd. Sell stop was with 1805.00 with sl 1805.00 and trade has been executed at 1797.25. sl remain same? So is it possible because trade has been moved by broker? Is it scam to make loss, as I couldn't understand how trade has been execute at 1797.25……? It's hotforex broker. Pls reply {image}
It's not a scam, but a market spike. Please avoid placing auto orders during the time of news. So what happened exactly is, you placed a pending order at 1805; however, the candle reached 1797 within micro/nanoseconds. Hence, there was not enough stability in the market to stop at your price point and take your pending order.

Trust, this makes sense!!
The best traders hone their skills through practice and discipline.
  • #4,572
  • Dec 14, 2022 11:54am Dec 14, 2022 11:54am
Quoting kvmystic
Hello senior traders. I want to know one thing that I have put buy and sell stop with 1.01 lot in xauusd. Sell stop was with 1805.00 with sl 1805.00 and trade has been executed at 1797.25. sl remain same? So is it possible because trade has been moved by broker? Is it scam to make loss, as I couldn't understand how trade has been execute at 1797.25……? It's hotforex broker. Pls reply {image}
i think that was called a slippage, because the market is highly volatile at the time.
  • #4,573
  • Dec 14, 2022 12:00pm Dec 14, 2022 12:00pm
Quoting aahmad29
{quote} As usual they are gonna portrait that all is good and Market for dollar will be hawkish but now investors have concerned about economy. Let see how will it be played?
So, whats the prognosis on gold now ? it almost happened as u described " all is well with dollar and us economy " , interest rate as expected , euro at almost at yesterdays peak , but gold is far from its peak of 1824, still struggling at 1805...
any senior traders care to chime in ??
  • #4,574
  • Dec 14, 2022 12:05pm Dec 14, 2022 12:05pm
Quoting Jers
{quote} i think that was called a slippage, because the market is highly volatile at the time.
True Jers! I just used an alternate way to explain the slippage.
The best traders hone their skills through practice and discipline.
  • #4,575
  • Dec 14, 2022 12:05pm Dec 14, 2022 12:05pm
Quoting Jers
{quote} sideways all day. I don't know if it's a good thing or bad for bear.. I hope it will go down, but the bull is so strong. What do you think sir if the FED rise 0.5 BP? will it bring the price down?
I am not good with analysis and there are many other good traders here, they might answer your question. But there is one thing which I know that now some people believe that increasing interest rate is temporary solution of problem. There is drawback of raising interest rate is that they are putting people life in trouble. North American life runs on debt and increasing interest rates increase the living cost
Love for all; Hatred for none.
  • #4,576
  • Dec 14, 2022 12:11pm Dec 14, 2022 12:11pm
Quoting ForexGoose
{quote} I think that there will be a dump initially and then a rally after the FOMC
it looks like a dump and then pump

1824+ target
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-12-14_15-11-23.png Size: 35 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,577
  • Dec 14, 2022 12:14pm Dec 14, 2022 12:14pm
Quoting Akhter
{quote} So, whats the prognosis on gold now ? it almost happened as u described " all is well with dollar and us economy " , interest rate as expected , euro at almost at yesterdays peak , but gold is far from its peak of 1824, still struggling at 1805... any senior traders care to chime in ??
According to my analysis market has a range of potential from 1817 to 1780. Anyways, I am not trading now. I will re-analyze the market tomorrow.
The best traders hone their skills through practice and discipline.
  • #4,578
  • Dec 14, 2022 12:38pm Dec 14, 2022 12:38pm
Quoting ForexGoose
{quote} it looks like a dump and then pump 1824+ target {image}
thanks for your input, i gather that u already bought or are u waiting for a bigger dump that market has already taken at 1795
  • #4,579
  • Dec 14, 2022 12:43pm Dec 14, 2022 12:43pm
Quoting ForexGoose
{quote} it looks like a dump and then pump 1824+ target {image}
Yes but it looks like hidden sellers are in the area of 1822-24. If price pass this area then what will be your next target?
Love for all; Hatred for none.
  • #4,580
  • Dec 14, 2022 9:54pm Dec 14, 2022 9:54pm
Quoting OragonFx
{quote} 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 {image}
The double bottom pattern has been worked out almost completely. A little more to the target of 1840. After working out, there will most likely be a rollback down.
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