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Gold

Quoting sandeeprandh
{quote} Which indicator you are using Can you kindly tell
That indicator is not mine and invite script only. For now testing is continued. Later author will present in commercial section.
Love for all; Hatred for none.
Well rushed up. Looks like it will hit last year's high of 2070 soon.
Quoting aahmad29
{quote} That indicator is not mine and invite script only. For now testing is continued. Later author will present in commercial section.
Thanks for the information will wait for it
DXY Is preparing for a huge Up trend !!! Which mean a massive selling bias for currencies ....
In the daily timeframe we are in a demand ZONE
In the H4 time frame we are in an overbought ZONE ... Buy Confirmed
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
Quoting Reda.el
DXY Is preparing for a huge Up trend !!! Which mean a massive selling bias for currencies .... In the daily timeframe we are in a demand ZONE In the H4 time frame we are in an overbought ZONE ... Buy Confirmed {image} {image}
Thank you for this insight, exactly why I am getting every day more reluctant to place long orders, but in my opinion it should still touch 101.3 again, and then hopefully sharply start its rally...
Buy limit placed at 1920, stop loss under 1910, target is 1935+
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
Buy limit placed at 1920, stop loss under 1910, target is 1935+
Haha, you have been adding that buy limit for the last three days, love it, so you reckon there might be one last spike upwards? Except if it establishes above 1942/1950, of course
Quoting Reda.el
DXY Is preparing for a huge Up trend !!! Which mean a massive selling bias for currencies .... In the daily timeframe we are in a demand ZONE In the H4 time frame we are in an overbought ZONE ... Buy Confirmed {image} {image}
Couldn't it go down to the big round number of 100? There is a huge area of demand there too.
Quoting Ravenfeeder
{quote} Haha, you have been adding that buy limit for the last three days, love it, so you reckon there might be one last spike upwards? Except if it establishes above 1942/1950, of course
I don't think that there will be much downside to Gold before the FED meeting. Even after, Gold can still stay supported if inflation starts to fall and geopolitical tensions rise.

1980 is a key resistance level in the near-term.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Trend is still up
wise man say, only fools rush in
Quoting Henri9009
{quote} Couldn't it go down to the big round number of 100? There is a huge area of demand there too.
It could well, if 101.30 doesn't hold!
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wise man say, only fools rush in
Quoting ForexGoose
Buy limit placed at 1920, stop loss under 1910, target is 1935+
target reached and exceeded earlier, I took the profit

I will wait to go long again later if the price stays above 1920
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
Buy limit placed at 1920, stop loss under 1910, target is 1935+
Did you get it ? (asking because of spread )

I had bought to early at 1924 and closed it very fast after the down movement to 1920. I wasn't looking to the higher timeframe
Two trades @ M1 time frame

Oversold at trend line and first green candle Long @1931.25 closed @ 1935

Double bottom @ oversold level. Took long trade @ first green candle.1930.20-1932.20
Attached Image(s) (click to enlarge)
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Love for all; Hatred for none.
Another long trade fail to break bottom 1929

Long 1930-1934
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Love for all; Hatred for none.
Quoting aahmad29
Another long trade fail to break bottom 1929 Long 1930-1934 {image}
Nice one, I closed at 1936.6, so staying out for fear of rejection and overbought levels, but added Buy stop at 1944 TP 1950, just in case
Short position @1937.50 TP 1935 (in case price go up then i will add more short positions)

Target Net Profit = 200 Points
Love for all; Hatred for none.
Quoting aahmad29
Short position @1937.50 TP 1935 (in case price go up then i will add more short positions) Target Net Profit = 200 Points
Closed trade in Loss of 100 Points
Love for all; Hatred for none.
Quoting ForexGoose
{quote} target reached and exceeded earlier, I took the profit I will wait to go long again later if the price stays above 1920
the price can go to 1960 and then 1980 in the near-term before a decent pullback

i will buy the next dip later tonight or tomorrow morning
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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janarm