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  • #6,641
  • Apr 12, 2023 12:16pm Apr 12, 2023 12:16pm
Quoting jordiHK
{quote} Depends on what I'm trading. I basically trade on Gold. 4H chart + 30min chart (decision making). I also trade (but less), eur/usd, usd/jpy and gbp/usd. No more. And I use Daily chart + 30min chart (decision making).
i've got it
thank you
dolce vita
  • #6,642
  • Apr 12, 2023 12:23pm Apr 12, 2023 12:23pm
does gold make new high after FOMC?
LAKSHMI
  • #6,643
  • Apr 12, 2023 1:10pm Apr 12, 2023 1:10pm
Quoting trusmon
does gold make new high after FOMC?
In coming days, possible to reach 2074 area...
Its all about Timing!!!
  • #6,644
  • Apr 12, 2023 1:28pm Apr 12, 2023 1:28pm
Quoting Murugesh29
{quote} In coming days, possible to reach 2074 area...
or 1938
  • #6,645
  • Apr 12, 2023 1:28pm Apr 12, 2023 1:28pm
Quoting Murugesh29
{quote} In coming days, possible to reach 2074 area...
I wonder, CPI was not as explosive as news events in the past week. So its a wait and see game I guess
  • #6,646
  • Apr 12, 2023 3:17pm Apr 12, 2023 3:17pm
Quoting babayaga
{quote} may I ask you what time frame do you trade thank you P.S. btw, about my posts about % of sellers&buyers.., of course this is one of many pieces that we can take in consideration to make our trading "less blind" ( sorry, English is not my mother tong.., I hope I can write such a phrase to bring some particular sense I want to ) ...and I do relay on such information, definitely, indeed.., veramente..,
The weakness of sentiment trading is, you can't differentiate which ones playing long term (or swing) to short term. Also for decentralized market like forex, it's only pooling data from their network/database. It's like comparing a small pool to wide ocean. Following small pool doesn't make you "less blind" IMO.

(There's also a thing called COT: Commitment of Traders, but for me it's more like commitment to suffer together)
  • #6,647
  • Apr 13, 2023 12:51am Apr 13, 2023 12:51am
https://www.forexfactory.com/thread/...0#post14390380
My try is still short
XAUUSD H4
Attached Image (click to enlarge)
Click to Enlarge Name: short.png Size: 45 KB


good luck @all
  • #6,648
  • Apr 13, 2023 1:05am Apr 13, 2023 1:05am
Quoting Isabella_D
https://www.forexfactory.com/thread/...0#post14390380 My try is still short XAUUSD H4 {image} good luck @all
Agree with your thoughts. Gold does have a need to go down, but the trend is still up.
Just follow the trend.
  • #6,649
  • Apr 13, 2023 1:10am Apr 13, 2023 1:10am
Quoting lucaswalliam
{quote} Agree with your thoughts. Gold does have a need to go down, but the trend is still up.
lets see, today once more important news
here M30
Attached Image (click to enlarge)
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  • #6,650
  • Apr 13, 2023 1:17am Apr 13, 2023 1:17am
Quoting Isabella_D
https://www.forexfactory.com/thread/...0#post14390380 My try is still short XAUUSD H4 {image} good luck @all
Nice Analysis
My view a bit biased to upside for time being since the daily gap at 2006.99 was filled and closed upside on yesterday's daily candle. As long as we are above this, i think we can go higher once we break 2025 then to 2033 ... can reverse at this level or if break go higher to 2040 to 2050... 2050 to 2070 is a big resistance ... if we broke out from there then sky is the limit ... lolz ... we will reverse down from any of this levels ... let's see how it goes ... More pips to all of us ...
  • #6,651
  • Apr 13, 2023 1:24am Apr 13, 2023 1:24am
[quote=Invincibl3;14393224]{quote} ...können auf diesem Niveau umkehren oder wenn der Durchbruch höher geht, bis 2040 bis 2050 ... 2050 bis 2070 ist ein großer Widerstand ... ... wenn wir von dort ausbrechen, dann ist der Himmel die Grenze ... lolz ... wir werden von jedem dieser Levels nach unten gehen ... mal sehen, wie es läuft ... Mehr Pips für uns alle ... [ / zitieren]

I don't rule out the way up and I can agree with your scenario. Long for me only as a hedge.
  • #6,652
  • Apr 13, 2023 1:35am Apr 13, 2023 1:35am
[quote=Isabella_D;14393228]
Quoting Invincibl3
{quote} ...können auf diesem Niveau umkehren oder wenn der Durchbruch höher geht, bis 2040 bis 2050 ... 2050 bis 2070 ist ein großer Widerstand ... ... wenn wir von dort ausbrechen, dann ist der Himmel die Grenze ... lolz ... wir werden von jedem dieser Levels nach unten gehen ... mal sehen, wie es läuft ... Mehr Pips für uns alle ... [ / zitieren] I don't rule out the way up and I can agree with your scenario. Long for me only as a hedge.

yeah true ... i also agree with you ... buying high is always risky ... I'm hoping to buy lower as well if possible ... at least physical gold ...
  • #6,653
  • Apr 13, 2023 1:39am Apr 13, 2023 1:39am
Quoting Isabella_D
https://www.forexfactory.com/thread/...0#post14390380 My try is still short XAUUSD H4 {image} good luck @all
It occurs to me that you think the reason for gold's decline is that the dollar index has reached a key support level?
Just follow the trend.
  • #6,654
  • Apr 13, 2023 1:47am Apr 13, 2023 1:47am
Quoting lucaswalliam
{quote} It occurs to me that you think the reason for gold's decline is that the dollar index has reached a key support level?
2 years USD uptrend chart puts 50% retracement at 101.92 level ... Last week we closed below it but Monthly haven't close below it yet ... 98.938 is 61.8 retracement level ... should be a strong level ...
  • #6,655
  • Apr 13, 2023 1:48am Apr 13, 2023 1:48am
Quoting lucaswalliam
{quote} It occurs to me that you think the reason for gold's decline is that the dollar index has reached a key support level?
the dollar mark is striking (and gold's movement has reversed in the last half hour). Let's see what the market makes of the mixture of dollar weakness, inflation and above all recession. For me, Gold 2025 is a noteworthy mark, where new reactions are due for me.
  • #6,656
  • Apr 13, 2023 1:57am Apr 13, 2023 1:57am
Quoting Isabella_D
{quote} the dollar mark is striking (and gold's movement has reversed in the last half hour). Let's see what the market makes of the mixture of dollar weakness, inflation and above all recession. For me, Gold 2025 is a noteworthy mark, where new reactions are due for me.

100.80 - 100.89 USD Index ... will look for Sell on currency or gold against USD ... USD should retrace upside probably
  • #6,657
  • Apr 13, 2023 2:08am Apr 13, 2023 2:08am
Quoting Invincibl3
{quote} 100.80 - 100.89 USD Index ... will look for Sell on currency or gold against USD ... USD should retrace upside probably
we wil see, unfortunately I can not find treasuries in this correlation overview (no offer from FF?)
Attached Image (click to enlarge)
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  • #6,658
  • Apr 13, 2023 2:12am Apr 13, 2023 2:12am
Quoting Isabella_D
{quote} we wil see, unfortunately I can not find treasuries in this correlation overview (no offer from FF?) {image}
Maybe try DXY ... Hardly use the chart here ...
Attached Image (click to enlarge)
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  • #6,659
  • Apr 13, 2023 2:15am Apr 13, 2023 2:15am
Quoting Invincibl3
{quote} Maybe try DXY ... Hardly use the chart here ... {image}
102.458 will be the trend reversal for USD Index incase if we bounce and break above this ... let's see ... its been creating lower highs for sometime ... will we get a trend reversal we shall wait and see ...
  • #6,660
  • Apr 13, 2023 2:17am Apr 13, 2023 2:17am
Quoting Invincibl3
{quote} Vielleicht versuchen Sie es mit DXY ... Verwenden Sie die Tabelle hier kaum ... {image}
DXY I have, see above. Missing Treasuries, Bonds in this scale
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