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  • #7,721
  • May 11, 2023 7:59am May 11, 2023 7:59am
I am waiting for current 4H close above 2040 for any trade decision.Trade safe
  • #7,722
  • May 11, 2023 8:02am May 11, 2023 8:02am
Quoting parveenverma
I am waiting for current 4H close above 2040 for any trade decision.Trade safe
...And it didn't! So we might touch and then go down, if all goes well.
"Who Dares Wins"
  • #7,723
  • Edited 9:01am May 11, 2023 8:25am | Edited 9:01am
Quoting Ravenfeeder
{quote} ...And it didn't! So we might touch and then go down, if all goes well.
Possible....then our first downward target become 2022,2016 and if both broken then 2001.Trade safe
Edit: As per my trading strategy retracement has not fulfill my time rule now.Retracement must take equal or 3x time of prior trendy move So if today bears fail to break 2019 then tomorrow bulls target sustained again.Trade safe
4H Break 2016 . Bears now on hot seat.Possible Target 2001.Trade safe
  • #7,724
  • May 11, 2023 8:56am May 11, 2023 8:56am
On 4h you have huge bearish engulfing. And on the daily you have shooting star a few days ago.
  • #7,725
  • May 11, 2023 9:02am May 11, 2023 9:02am
Quoting aahmad29
Alert Buyers volume is dropping on M1,M5,M15 Sell 2026 TP 2023
We need to accept our mistakes. I already saw that buyers volume is going down but price kept pushing up and i hesitated to take any short position. I should have trust the volume. Lesson learned after not making money and just sitting there with few scalps positions. I need more patience because price took exactly 47 hours to react according to bearish volume.
Love for all; Hatred for none.
  • #7,726
  • May 11, 2023 9:02am May 11, 2023 9:02am
Quoting Vitez
On 4h you have huge bearish engulfing. And on the daily you have shooting star a few days ago.
Exactly! Took profit at 2011. Expect bounce from here, not sure if a dead cat bounce, but 2011 also formidable.
"Who Dares Wins"
  • #7,727
  • May 11, 2023 9:04am May 11, 2023 9:04am
Quoting parveenverma
Bears liquidity has been grabbed on 4H TF and now they will attack to bulls liquidity that is sitting at 2049-53 area. If we watch the 4H TF 2021-22 area has hold strongly till now and now price reversed from the same zone. So I think market has made the today's low and now price is moving towards today's high side. I do not trade high impact news as per one of my strict rule of trading So I will sit aside from start of GBP news after 40 minutes to USD PPI and unemployment claims and watch the price action only.I love High Impact news but trade...
that makes sure capital is protected right?
Everything is cyclic.
  • #7,728
  • May 11, 2023 9:07am May 11, 2023 9:07am
M1 starting to show that buyers are jumping in but M5 and M15 timeframe is balanced between buyers and sellers close to level 2016. I will wait to get clear picture from all three timeframes. if price get rejected at 2016 then picture wont be clear. I think Buyers are hiding at 2001 and 1982-1986 levels.
Love for all; Hatred for none.
  • #7,729
  • May 11, 2023 9:12am May 11, 2023 9:12am
Quoting aahmad29
M1 starting to show that buyers are jumping in but M5 and M15 timeframe is balanced between buyers and sellers close to level 2016. I will wait to get clear picture from all three timeframes. if price get rejected at 2016 then picture wont be clear. I think Buyers are hiding at 2001 and 1982-1986 levels.
Yes ...u r right. Even I have confirmation from 4H time frame but I not prefer for any position only scalps must be best choice to this sudden price change.2001 is a strong support.Till than booking profit time to time will be the good strategy.trade safe
  • #7,730
  • May 11, 2023 9:15am May 11, 2023 9:15am
Attachment g
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 129 KB

Great catch i caught earlier. had four positions across the past two days
  • #7,731
  • May 11, 2023 9:22am May 11, 2023 9:22am
I am starting to buy long positions from 2013. Buy Limit @2001 and 1986

TP 2035 or manually closed
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.png Size: 13 KB
Love for all; Hatred for none.
  • #7,732
  • May 11, 2023 9:44am May 11, 2023 9:44am
Quoting aahmad29
I am starting to buy long positions from 2013. Buy Limit @2001 and 1986 TP 2035 or manually closed {image}
Half position closed at 2022 and other half at BE
Love for all; Hatred for none.
  • #7,733
  • May 11, 2023 10:16am May 11, 2023 10:16am
  •  Leebos
  • | Joined Aug 2012 | Status: I do not believe in a fate that fal | 75 Posts
Quoting lucaswalliam
{quote} It could be the result. But, the bigger cycle, gold seems to have started to fall.
Almost.....but there's still a few large "BUY" orders to take care of first....but you're not wrong....
  • #7,734
  • May 11, 2023 10:49am May 11, 2023 10:49am
Quoting Leebos
{quote} Almost.....but there's still a few large "BUY" orders to take care of first....but you're not wrong....
. I am curious whether we are done going down, at least for today. Placing sell stop @ 2015 TP 2001
"Who Dares Wins"
  • #7,735
  • May 11, 2023 10:54am May 11, 2023 10:54am
[quote=Isabella_D;14422701]{quote} Yes I can. - Both analyzes (long-term and short-term) are assumptions. - The economy behaves like a trampoline. If you jump on one side, the net rises/falls on the other side. - The spatial extent (price) and time can shift significantly, so that today you think: oh that was a lot (especially intraday), later you notice that it looks more like an optical illusion. (Beginners quickly think in the M5 chart, the world is ending, on H4 the matter is very relative, with more than half a year completely.) - And yes, I will revise this semi-annual analysis umpteen times and finally throw it out the window or brag that I was right. You will find your own way or have another way to find out from this chaos? all the best [/quote

On point, follow the price.
  • #7,736
  • May 11, 2023 12:44pm May 11, 2023 12:44pm
Quoting lucaswalliam
{quote} I can't find your spot. In the short term, gold is still maintaining its oscillation down, which is my thinking. {image}
Can you see it now?
  • #7,737
  • May 11, 2023 12:52pm May 11, 2023 12:52pm
[quote=letuak;14423127]
Quoting Isabella_D
{quote} ....
[/quote On point, follow the price.
Thank you for your input on the topic.
I don't want to bore anyone here as most of the people around this thread trade about 2000 pips intraday.
Since I believe for various reasons that the gold market will come back again (before it goes into the 2200 round)
the question was: where to go in the market, probably tolerating that the market can still go to 2100
and then starts towards 1900, possibly 1800++. Today's range is peanuts.
The uncertainty always remains: was that the end of the high or is there something else to come. I expect a little bit higher now -price up.
This means that reaching a point x does not mean you on the projected way.
  • #7,738
  • May 11, 2023 12:57pm May 11, 2023 12:57pm
  •  Leebos
  • | Joined Aug 2012 | Status: I do not believe in a fate that fal | 75 Posts
Quoting Ravenfeeder
{quote}. I am curious whether we are done going down, at least for today. Placing sell stop @ 2015 TP 2001
I can see your logic.
That would be an institutional stop-hunting liquidity play....but I think that's being saved for another day (soon)
It would appear that there's very little momentum to sell further today before market close. There are substantial buy orders waiting to be filled (I've just placed two) which will be the main focus for now.............but after that.....well then it gets really exciting. Stay tuned.
There's a handful of members in this forum that appear to be well tuned in, and each with there own perspective....but generally seeing the bigger picture without overcomplicating things.
I very rarely give credence to most of the FF forums, but this one is refreshingly positive, constructive, and welcoming....with good results.
You will notice that there are members here that have good vision, making good profits, and not letting their egos ruin the party.
Long may it be preserved.
I may stick around
  • #7,739
  • May 11, 2023 1:10pm May 11, 2023 1:10pm
Quoting Isabella_D
Quoting letuak
{quote} Thank you for your input on the topic. I don't want to bore anyone here as most of the people around this thread trade about 2000 pips intraday. Since I believe for various reasons that the gold market will come back again (before it goes into the 2200 round) the question was: where to go in the market, probably tolerating that the market can still go to 2100 and then starts towards 1900, possibly 1800++. Today's range is peanuts. The uncertainty always remains: was that the end of the high or is there something else
...
Thanks, on normal days when gold is read to move be expecting a move btw 4k - 5k points.
  • #7,740
  • May 11, 2023 1:32pm May 11, 2023 1:32pm
Quoting Leebos
{quote} I can see your logic. That would be an institutional stop-hunting liquidity play....but I think that's being saved for another day (soon) It would appear that there's very little momentum to sell further today before market close. There are substantial buy orders waiting to be filled (I've just placed two) which will be the main focus for now.............but after that.....well then it gets really exciting. Stay tuned. There's a handful of members in this forum that appear to be well tuned in, and each with there own perspective....but generally...
I am very happy if you come. It's worth a try.
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