Waiting to see where it consolidates.
Congrats to those who shorted.
Everything is cyclic.
DislikedHello Buddies! I hope all are shining like a gold here. Ok.....now come on the point. Yesterday I close my trading after that price drop up to 1985 area. I was expecting a bounce from 2001 or 2011 area at the completion of retracement as per my time rule strategy but it drops by breaking the level 76.4%. Now price has entered in my sell zone but Sell confirmation will be after confirm break of 1977. Until 1977 is unbreakable there will be a chance to bounce to cross ATH. But I found a untested level in daily & 4H at 2007 area....Ignored
Disliked{quote}It drop more than my expectations after break of 2001 and 1977.Now Analyze my charts again and let's see what they will told about the coming days moves of Gold.I am done for today.trade safe Guys.Ignored
Disliked{quote} Thanks for all your insights, Parveen, I am also out, unless it goes below 1950.Ignored
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Disliked{quote}It drop more than my expectations after break of 2001 and 1977.Now Analyze my charts again and let's see what they will told about the coming days moves of Gold.I am done for today.trade safe Guys.Ignored
Disliked{quote} Technically Bulls have a chance ....If Daily close above 1977 then they can survive again.As per US economic conditions it seems not possible or possible too.So as a day trader we can only predict the market and those prediction are right or wrong that is in the bag of future.For me breakout of 1977 has not confirmed yet as per my trading strategy.While I will get that confirmation I will surely post it here. Trade safeIgnored
Disliked{quote} Not really, we just have to go low enough for buyers to step in on cheap Gold prices, especially after retailers complained about prices, plus once DXY's rally is over Gold should go up, as DXY won't be able to appreciate much further (not further than 105), and 1950 is a nice place of value for Buyers.Ignored
Disliked{quote} Technically Bulls have a chance ....If Daily close above 1977 then they can survive again.As per US economic conditions it seems not possible or possible too.So as a day trader we can only predict the market and those prediction are right or wrong that is in the bag of future.For me breakout of 1977 has not confirmed yet as per my trading strategy.While I will get that confirmation I will surely post it here. Trade safeIgnored
Disliked{quote} Best place to help with your ideas to all traders(not only struggling traders) is this forum.So please share your valuable ideas here.Happy TradingIgnored
DislikedFree (No Advertisement) VIP Telegram Group for struggling traders with >90% accuracy, for XAUUSD, US30, NAS100, and XTIUSD Signals. https://t.me/GoldSquirrel_FXIgnored
Disliked{quote} Scam...typical from India... I joined the group just to take a look...and someone immediately dm-ed me offering "account management" services...lol.Ignored
Disliked{quote} Scam...typical from India... I joined the group just to take a look...and someone immediately dm-ed me offering "account management" services...lol.Ignored