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  • #4,761
  • Jan 6, 2023 7:08am Jan 6, 2023 7:08am
Quoting ForexGoose
entered buy order at 1848, stop loss under 1838, target is 1860+
adjusted stop loss to break-even and will let it run for the remainder of the day
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,762
  • Jan 6, 2023 7:15am Jan 6, 2023 7:15am
I think the resistance will break, but just tp at that resistance . There will be another test next week if it broken.
wise man say, only fools rush in
  • #4,763
  • Jan 6, 2023 7:30am Jan 6, 2023 7:30am
I think gold is getting ready to fall
  • #4,764
  • Jan 6, 2023 7:31am Jan 6, 2023 7:31am
I sell in 1861.50 for the fall of gold
st 1865
tp 1820
  • #4,765
  • Jan 6, 2023 7:50am Jan 6, 2023 7:50am
1825 support is not broken and price is back to weekly resistance at 1864. I already mentioned support levels. There is another weekly resistance at 1874.
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Love for all; Hatred for none.
  • #4,766
  • Jan 6, 2023 8:16am Jan 6, 2023 8:16am
Quoting aahmad29
1825 support is not broken and price is back to weekly resistance at 1864. I already mentioned support levels. There is another weekly resistance at 1874. {image}
Thank you very much Aahmad! And welcome back ForexGoose, I hope everyone has rested well and are charged for a good year for Gold!

I am a bit frustrated and confused how Gold can keep going up despite NFP numbers being high and unemployment rate unexpectedly low.. could that ISM and wage growth data counter the other strong data this much?
"Who Dares Wins"
  • #4,767
  • Jan 6, 2023 8:45am Jan 6, 2023 8:45am
Quoting Ravenfeeder
{quote} Thank you very much Aahmad! And welcome back ForexGoose, I hope everyone has rested well and are charged for a good year for Gold! I am a bit frustrated and confused how Gold can keep going up despite NFP numbers being high and unemployment rate unexpectedly low.. could that ISM and wage growth data counter the other strong data this much?
Jobs are a lagging indicator and the ISM services data has a futuristic perspective. The plunge in ISM Data has the market thinking it's only a matter of time until broader layoffs begin. Furthermore, it is speculated that the Fed won't hike rates above 5% and won't be able to hold rates at the peak. Consequently the general sell-off in the USD against all other currencies. Best bet is to remain long XAUUSD until that perception changes
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #4,768
  • Jan 6, 2023 8:54am Jan 6, 2023 8:54am
Quoting Ravenfeeder
{quote} Thank you very much Aahmad! And welcome back ForexGoose, I hope everyone has rested well and are charged for a good year for Gold! I am a bit frustrated and confused how Gold can keep going up despite NFP numbers being high and unemployment rate unexpectedly low.. could that ISM and wage growth data counter the other strong data this much?
In my opinion, investors are more worried about inflation rate. When price hit the low at 1616, I read different reports that investors are not agree with this concept that raising interest rate is proper solution to avoid recession.
Love for all; Hatred for none.
  • #4,769
  • Jan 6, 2023 10:13am Jan 6, 2023 10:13am
Quoting krislb
Today's potential trades for #XAUUSD Potential Buys on close above 1846.015 Potential Sells on close below 1838.870 Be careful trading NY session high impact news expected {image}
Thanks for the tips

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Quoting eastrader
For me, risk taken at support as the normal setup occur. The trend still uptrend. Maybe today it will change or continue. Best is wait for any breakout. {image}
Target reached.

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wise man say, only fools rush in
  • #4,770
  • Jan 6, 2023 12:55pm Jan 6, 2023 12:55pm
Quoting ForexGoose
entered buy order at 1848, stop loss under 1838, target is 1860+
took profit at 1866 for the day

There could be more upside to 1880+ next week
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,771
  • Edited 9:24am Jan 7, 2023 8:51am | Edited 9:24am
Quoting aahmad29
{quote} In my opinion, investors are more worried about inflation rate. When price hit the low at 1616, I read different reports that investors are not agree with this concept that raising interest rate is proper solution to avoid recession.
sir, do you still have your sell positions @16xx? How much higher do you think the gold price will go before make a reversal?
i still have sell positions and plan to close it at 1720. I also have buy positions around 1825-1833, i'm planning to close half @1885, and put SL on BE for the rest.
  • #4,772
  • Jan 7, 2023 10:57am Jan 7, 2023 10:57am
Quoting Jers
{quote} sir, do you still have your sell positions @16xx? How much higher do you think the gold price will go before make a reversal? i still have sell positions and plan to close it at 1720. I also have buy positions around 1825-1833, i'm planning to close half @1885, and put SL on BE for the rest.
Yes I have some short positions close to 1650-1680 area but in the mean time I have long positions close with double lot. I do money management so that’s why I don’t share my positions because things change every day. I closed some short positions in loss but in mean time I closed long with with double lot so I have net profit or close at BE.
Love for all; Hatred for none.
  • #4,773
  • Jan 7, 2023 1:44pm Jan 7, 2023 1:44pm
This would be funny, don't you think?
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  • #4,774
  • Jan 7, 2023 6:25pm Jan 7, 2023 6:25pm
Quoting Giucca
This would be funny, don't you think? {image}
But you can see that upper channel broke two times but bottom channel is holding the price
Love for all; Hatred for none.
  • #4,775
  • Jan 7, 2023 7:05pm Jan 7, 2023 7:05pm
Quoting aahmad29
{quote} Yes I have some short positions close to 1650-1680 area but in the mean time I have long positions close with double lot. I do money management so that’s why I don’t share my positions because things change every day. I closed some short positions in loss but in mean time I closed long with with double lot so I have net profit or close at BE.
So you think will we see 16xx this year?
  • #4,776
  • Edited Jan 8, 2023 12:31am Jan 7, 2023 10:28pm | Edited Jan 8, 2023 12:31am
Quoting Jers
{quote} So you think will we see 16xx this year?
I already mentioned that I am not good in analysis so I covered myself with good money management. I will keep buying with double lot and close the trades on weekly levels. If price turned down then I will wait but if price do not turned back then I will close the short trades by balancing them with my long trades with double lot. That’s how I play my money management
Love for all; Hatred for none.
  • #4,777
  • Jan 8, 2023 1:23am Jan 8, 2023 1:23am
present situation.
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  • #4,778
  • Jan 8, 2023 11:10am Jan 8, 2023 11:10am
Quoting aahmad29
{quote} But you can see that upper channel broke two times but bottom channel is holding the price
True. However, I'm very cautious when it comes to rising wedges that broke the upper boundary.
  • #4,779
  • Jan 8, 2023 4:53pm Jan 8, 2023 4:53pm
Quoting Giucca
{quote} True. However, I'm very cautious when it comes to rising wedges that broke the upper boundary.
1873 is weekly level so price will hold here and then it will decide the direction.
Love for all; Hatred for none.
  • #4,780
  • Jan 8, 2023 7:13pm Jan 8, 2023 7:13pm
Quoting aahmad29
{quote} 1873 is weekly level so price will hold here and then it will decide the direction.
H4 candle broke weekly level . Next weekly level 1897-1900
Love for all; Hatred for none.
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