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  • #7,561
  • May 5, 2023 6:56am May 5, 2023 6:56am
Quoting Rossidi
is there a gap at 1867 area.?
yes
People don't plan to lose. They lose because they don't plan.
  • #7,562
  • May 5, 2023 7:01am May 5, 2023 7:01am
Quoting parveenverma
{quote}I was expected 2018 61.8% level of 4H TF but news pressure push it more down. Lets see ......waiting for the next confirmation.Trade safe
Now price reversal possible between 1987-1990 area if 1987 hold. I am done for today.Trade safe Guys.happy weekend to all.
Edit: Again 1H trend change signal on my chart.It seems not possible today but If price will cross below 1977 at 4H TF then its trend will also be change.Trade safe
  • #7,563
  • May 5, 2023 7:30am May 5, 2023 7:30am
Quoting parveenverma
{quote}Now price reversal possible between 1987-1990 area if 1987 hold. I am done for today.Trade safe Guys.happy weekend to all. Edit: Again 1H trend change signal on my chart.It seems not possible today but If price will cross below 1977 at 4H TF then its trend will also be change.Trade safe
Which area is more promising for buyers?
Love for all; Hatred for none.
  • #7,564
  • May 5, 2023 7:58am May 5, 2023 7:58am
When look at the bigger TF, there r huge space for price to drop...
at least to area 1883
  • #7,565
  • May 5, 2023 8:03am May 5, 2023 8:03am
Quoting ScalaFX
{quote} yes
should be closed in matter of time...
  • #7,566
  • May 5, 2023 8:06am May 5, 2023 8:06am
I want to see 2031 test, when no break I will be selling to gap
People don't plan to lose. They lose because they don't plan.
  • #7,567
  • May 5, 2023 8:11am May 5, 2023 8:11am
Quoting aahmad29
{quote} Which area is more promising for buyers?
Sorry for the late reply Dear! actually I was out for some time. I have close my trading for today. Now price has reversed from 76.4% fibo level of 4H TF.I was expecting 61.8% level but negative news pushed it more . If you wish to buy scalp then this level is holding well because 4H close above this level make it more promising for next 4H to buyers. If price break this level then 1987-90 area has a potential because fair value gap below on 4H TF need to be filled.Trade safe
Edit: price will definitely react on 61.8% 2015 area or a huge reversal possible from there.If current 4H close above 2016 then I will prefer buy continue till 2027 or more possible.
  • #7,568
  • May 5, 2023 11:35am May 5, 2023 11:35am
Another good day!
Not able to trade today only some green pips...
parveenverma here to guide us the right way..more green pips to you...

Happy weekend Goldies!!..
Its all about Timing!!!
  • #7,569
  • May 5, 2023 2:08pm May 5, 2023 2:08pm
Quoting animedia
don't rush to buy gold wait for confirmation, there are still 2 supports for gold tonight at 2000 psychological level and fibo strong support at 1992.

I did not check this page at that time. That would help me certain.
  • #7,570
  • May 6, 2023 5:09am May 6, 2023 5:09am
next week will be interesting
Attached Image (click to enlarge)
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  • #7,571
  • May 6, 2023 6:02am May 6, 2023 6:02am
Quoting josi
next week will be interesting {image}
yes, maybe a last grab at ATH and then the big red weekly candle starts the descent? Hmm...
"Who Dares Wins"
  • #7,572
  • Edited 11:52pm May 6, 2023 11:42pm | Edited 11:52pm
XAUUSD W
Here you go - thats my outlook 2023
Attached Image (click to enlarge)
Click to Enlarge Name: XAU_W.png Size: 37 KB


persistently high interest rates, inflation, recession, wars - are bricks on the way up for gold.
Can we expect a significant recovery for gold from October/November?
It could be.
  • #7,573
  • May 7, 2023 6:47pm May 7, 2023 6:47pm
Hey Goldis! What's up? I hope all of you have enjoy the weekend. Now Guys.....New week started...Lets check the possibilities for this week.Gold has registered a new all time high along with a triple top on weekly& Monthly TFs so now we can expect the breakout of the strong weekly support rocked @1977.Gold has completed 61.8% retracement even more 76.4% retracement and moving in between the both areas till now.For me.... If gold will hold 61.8% level and do not passed below 76.4% level then most probably market will be went sideways for next coming days as per 4H TF and it can range between 2001 and 2078. Day traders can enjoy this range period because there will be some good moves to both bearish and bullish side. But if it will break above 2015-2018 area then we can watch a new all time high soon and if it cross below 2001 then it will sharply went below up to 1987 and if it will broken then this time 1977 breakout is possible and prices will be declined continue to 1950 and 1940 area.So I prefer to all fellow traders to do not rush into the market,avoid High Impact News and specially confirm your trade entries with double confirmation. Trade safe Guys and Happy Trading for coming week.
  • #7,574
  • May 7, 2023 7:45pm May 7, 2023 7:45pm
Quoting Xauusdscalpr
{quote} because how do I know it won't go back up after I sell? whenever I tried to hedge in the past I always lose money because it gets messy, what's the best way to hedge right now? I've got two positions, 0.05lots each
we have no crystal ball, so u can hegde it to the next S/R and un hedge it.
  • #7,575
  • May 7, 2023 9:02pm May 7, 2023 9:02pm
Quoting Holypendant
{quote} we have no crystal ball, so u can hegde it to the next S/R and un hedge it.
Slowly & steadily to 2035.Only Alert at 2028-2029 area.Trade safe
Edit: Sorry ...Notice it later 2024 & 2033 also a daily resistance.So small buy scalps can better options today.Trade safe
  • #7,576
  • May 7, 2023 9:11pm May 7, 2023 9:11pm
  •  Leebos
  • | Joined Aug 2012 | Status: I do not believe in a fate that fal | 75 Posts
Quoting Isabella_D
XAUUSD W Here you go - thats my outlook 2023 {image} persistently high interest rates, inflation, recession, wars - are bricks on the way up for gold. Can we expect a significant recovery for gold from October/November? It could be.
Hi Isabella.
So, to clarify.....are you inclined to be buying or selling atm?
I'm personally looking for opportunities at building selling positions on the upswings.
Love your work.
  • #7,577
  • Edited 10:53pm May 7, 2023 10:36pm | Edited 10:53pm
[quote=Leebos;14418537]{quote} Hallo Isabella. Also, um das klarzustellen ... neigen Sie dazu, atm zu kaufen oder zu verkaufen? Ich persönlich suche nach Möglichkeiten, Verkaufspositionen in den Aufschwüngen aufzubauen. Liebe deine Arbeit. [/zitieren]

Hello Leebos,
my dwell time is swing and intraday.
Like you, I try to sell during the upswing, because the projected spades can only be assumed (?2050...2100...?) Not yet started but arround 2050/2020 I will do so (short).
Thank you for your kind words.

edit 07:52 MESZ, Intraday I am for XAUUSD still long orientated, see USDIndex 99,2??, GER40 I am short since today.
  • #7,578
  • May 7, 2023 11:55pm May 7, 2023 11:55pm
Correlation XAUUSD ahead of London opening (for XAUUSD long - yields have to go down)
Attached Image (click to enlarge)
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  • #7,579
  • May 8, 2023 1:06am May 8, 2023 1:06am
Quoting Isabella_D
Correlation XAUUSD ahead of London opening (for XAUUSD long - yields have to go down) {image}
no London today
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: 08 05 hol a.JPG Size: 15 KB

dolce vita
  • #7,580
  • May 8, 2023 2:56am May 8, 2023 2:56am
Quoting Xauusdscalpr
{quote} because how do I know it won't go back up after I sell? whenever I tried to hedge in the past I always lose money because it gets messy, what's the best way to hedge right now? I've got two positions, 0.05lots each
"to hedge right now?"
- I do not know.., I (almost) avoid it
but
I used to trade crude without SL&TP.., or without SL& to put TP later.., everything manually.., and I hedged "her" if position got 30-35 pips DD..,
( DD that I was "capable" to manage )
...this way to trade was more than "simply successful"

...and it's hard because: no emotions can be involved, you are not a human being..,
probably these rules do belong to every "mechanical" system.., or to entire "trading"
follow the rules (!?) it's definitely "the hardest part"..,
but
we do need to follow the rules ( "our rules we set for ourselves"(!))
as simple as that

happy trading
dolce vita
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