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  • #8,421
  • May 23, 2023 9:28am May 23, 2023 9:28am
Quoting aahmad29
{quote} M1 and M5 volume is showing me the target of 1955 but M15 volume is mixed. May be little north move to 1972-74 and then another drop. I have sell limit at 1972
1973 Daily resistance on my chart that's why price react there.If this resistance will resist than south movement possible but if broken then bulls have a edge.I may be wrong Trade safe
  • #8,422
  • May 23, 2023 9:33am May 23, 2023 9:33am
Quoting parveenverma
{quote} 1973 Daily resistance on my chart that's why price react there.If this resistance will resist than south movement possible but if broken then bulls have an edge.I may be wrong Trade safe
I also closed my buy@1960 there and try some short scalps.I strongly believed that price can reach 2006-2008 before a drop up to 1928 this week. Now I am done for today.Trade safe
  • #8,423
  • May 23, 2023 9:33am May 23, 2023 9:33am
I think back to 1990 and above in the next few days. According to me downward movement is finished for now.
  • #8,424
  • May 23, 2023 9:36am May 23, 2023 9:36am
Quoting parveenverma
{quote} 1973 Daily resistance on my chart that's why price react there.If this resistance will resist than south movement possible but if broken then bulls have a edge.I may be wrong Trade safe
Yes but if you check my volume profile chart and it gives you clear downtrend but last three days is establishing the support at 1954. Normally if i am using this market/volume profile then i must be taking long position because at this point either market is turning back or retracement is going to happen. 2002 is perfect area to hit during retracement.
Love for all; Hatred for none.
  • #8,425
  • May 23, 2023 9:44am May 23, 2023 9:44am
Quoting Pipgrower
{quote} that would be logical, but {image}
but, I'm right. Lol.
  • #8,426
  • May 23, 2023 9:44am May 23, 2023 9:44am
"new to trading" went better then i expected, so far doing well right now
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  • #8,427
  • May 23, 2023 9:59am May 23, 2023 9:59am
Quoting aahmad29
{quote} Yes but if you check my volume profile chart and it gives you clear downtrend but last three days is establishing the support at 1954. Normally if i am using this market/volume profile then i must be taking long position because at this point either market is turning back or retracement is going to happen. 2002 is perfect area to hit during retracement.
Yes .....I notice it in maximum of your trades that you take the trades after completely exhaustion of the signaled volume.Now Daily close above daily resistance can provide speed to upward movement. May be tomorrow we can reach to our upward target if High impact news not effect the predictions and then drop to 1928 as per weekly range 2006-1928.There are weekly S&Rs that can become hurdle at Thursday and Friday. Because weekly S&R mostly reacts on Last two days of the week otherwise in first 3 days price cross them very smoothly.Trade safe
  • #8,428
  • May 23, 2023 12:22pm May 23, 2023 12:22pm
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  • #8,429
  • May 23, 2023 1:59pm May 23, 2023 1:59pm
Debt ceiling remains an issue. Maybe this can push the price above 2000.
  • #8,430
  • May 23, 2023 2:22pm May 23, 2023 2:22pm
Double bottom on gold - w pattern. Price to retest 2003?
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  • #8,431
  • May 23, 2023 5:19pm May 23, 2023 5:19pm
Daily Gold Strategy 2023-5-24
Yesterday, gold prices fell and then rose due to hawkish comments from Federal Reserve officials, and rose due to the failure to reach a debt agreement.
Today, negotiations on the debt ceiling remain the focus of the market.
Below is the daily gold price range calculated by the Wall Street Intelligence Circle's gold pricing model:
Turning point: 1968 (bullish above this level)
Operating range: 1963, 1983
Broad range: 1954, 1991
Combining the 1-hour chart, today's calculated minimum price is close to the Bollinger Band's midline (1965), which is an important support level for today.
Today's trading plan
If gold prices fall first, the 1964-1968 area can be positioned for long positions, with a target of 1984 and a stop loss of 3-5 dollars below the Bollinger Band's midline.
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  • #8,432
  • May 23, 2023 5:22pm May 23, 2023 5:22pm
Quoting ross.d
{quote} I do not play games, my muscles are week. And why would I manage your account? Do you think yourself incompetent in managing your own account with so much trading experience and knowledge? Let me make it very clear... I AM NOT IN THE BUSINESS OF MANAGING ACCOUNTS.
It would be a good idea, though, to post your trade recommendations on here! At least for a while so people can see your success.
  • #8,433
  • May 23, 2023 6:42pm May 23, 2023 6:42pm
Quoting your6s
{quote} It would be a good idea, though, to post your trade recommendations on here! At least for a while so people can see your success.
My bias for gold stay bullish for today.Break of Daily resistance and close daily candle above it is my Bullish bias confirmation with same target 2006-2008 area. High Impact News can change the figures.I may be wrong.Trade safe
  • #8,434
  • May 23, 2023 7:23pm May 23, 2023 7:23pm
Am I making mistake on identifying pattern. M5 timeframe has perfectly aligned MA order and price direction is downward. Isn’t it price falling down to 1965 and then possible to 1955?
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Love for all; Hatred for none.
  • #8,435
  • May 23, 2023 7:25pm May 23, 2023 7:25pm
Start selling from 1974 TP 1965
Love for all; Hatred for none.
  • #8,436
  • May 23, 2023 7:26pm May 23, 2023 7:26pm
Quoting parveenverma
{quote}My bias for gold stay bullish for today.Break of Daily resistance and close daily candle above it is my Bullish bias confirmation with same target 2006-2008 area. High Impact News can change the figures.I may be wrong.Trade safe
My Chart analysis......Hourly chart says that possible retracement up to 1969,1964 and 1961 area is possible before we target upward trendy move .4h chart says retracement up to 1961 only before any upward move.After completion of retracement up to any if above mentioned zone price can aggressively move upwards. High impact news can change the figures. I may be wrong.Trade safe.
Positive impact possible for today: If Daily resistance @1973 that become support now will hold strongly then price can attack strongly Bullish side without retracement.
  • #8,437
  • May 23, 2023 7:28pm May 23, 2023 7:28pm
Quoting parveenverma
{quote} My Chart analysis......Hourly chart says that possible retracement up to 1969,1964 and 1961 area is possible before we target upward trendy move .4h chart says retracement up to 1961 only before any upward move.After completion of retracement up to any if above mentioned zone price can aggressively move upwards. High impact news can change the figures. I may be wrong.Trade safe.
Did you check my last post ? It looks like price is falling to 1965 or may be 1955 ?
Love for all; Hatred for none.
  • #8,438
  • May 23, 2023 7:37pm May 23, 2023 7:37pm
Quoting aahmad29
{quote} Did you check my last post ? It looks like price is falling to 1965 or may be 1955 ?
Yes you are right.Actually you know that my analysis is strongly based on Fibo levels so prices react always exactly at those levels.I always keep eyes on liquidity setup around those level because price always respect the fibo levels either it goes up to grab the liquidity but price close very close to the levels.So I take my entry or exit decision based on liquidity or untested levels close to the fibo levels.Trade safe
  • #8,439
  • May 23, 2023 9:59pm May 23, 2023 9:59pm
expecting gold could go to $2100 level. just make sure your margin is under control.
  • #8,440
  • May 23, 2023 10:44pm May 23, 2023 10:44pm
Quoting Oguzhan
expecting gold could go to $2100 level. just make sure your margin is under control.
Please mention here reason of this sudden growth.Any economic event update?Trade safe
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