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  • #8,561
  • May 25, 2023 6:52am May 25, 2023 6:52am
Home sales might have impact on Gold?
  • #8,562
  • May 25, 2023 6:59am May 25, 2023 6:59am
Quoting WhiteDawnFX
Daily Gold Strategy Currently, the debt ceiling negotiations and speeches by Federal Reserve officials continue to dominate the market, with the importance of economic data taking a backseat this week. It should be noted that during the opening trading session today, Fitch put the US rating on negative watch, which could result in a downgrade of its AAA rating. As a result, gold prices rose in the early Asian trading session. It remains to be seen whether this will have a lasting impact. Below is today's gold price range calculated based on the...
Today's trading plan for a $20 profit
This plan was posted 14 hours ago
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  • #8,563
  • May 25, 2023 7:01am May 25, 2023 7:01am
Quoting Inthebox
sell stops liquidity taken, time to go up
Needs close above 1960
  • #8,564
  • May 25, 2023 7:02am May 25, 2023 7:02am
Quoting FxSnapper
Home sales might have impact on Gold?
Yes, it is bad so XAU should go up, especially after all the selling...
"Who Dares Wins"
  • #8,565
  • May 25, 2023 7:07am May 25, 2023 7:07am
Quoting Ravenfeeder
{quote} Yes, it is bad so XAU should go up, especially after all the selling...
After the selling, the buyback happened till 1953/4. Let's see if bulls can get 1955.
  • #8,566
  • May 25, 2023 7:14am May 25, 2023 7:14am
Quoting FxSnapper
{quote} Needs close above 1960
got to deal with 4 days of road blocks low as resistance.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,567
  • May 25, 2023 7:23am May 25, 2023 7:23am
Quoting Inthebox
sell stops liquidity taken, time to go up
i have had enough.
new york session done.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,568
  • May 25, 2023 7:31am May 25, 2023 7:31am
Quoting Inthebox
{quote} i have had enough. new york session done. {image}
are you overall bearish? if so whats your target?
  • #8,569
  • May 25, 2023 7:40am May 25, 2023 7:40am
Quoting Xauusdscalpr
{quote} are you overall bearish? if so whats your target?
take out weekly low then bounce up to fvg
or may be market already satisfied taken the weekly low above it and bounce to fvg.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,570
  • May 25, 2023 7:42am May 25, 2023 7:42am
Gold bulls toasted today.
  • #8,571
  • May 25, 2023 8:07am May 25, 2023 8:07am
Quoting Inthebox
{quote} take out weekly low then bounce up to fvg or may be market already satisfied taken the weekly low above it and bounce to fvg. {image}
interesting, thanks thats interesting. I've got buys stuck at 1980 so even getting back there will be ideal for me, won't need to hedge until 1920 but hoping it doesn't come to that
  • #8,572
  • Edited 8:45am May 25, 2023 8:18am | Edited 8:45am
I am starting to buy at 1945 TP 1951.
Buy Limit @ 1936
I am taking risk because for me level of buyers and sellers is equal on M1 and M5 timeframe. Trendline for bulls is not broken yet. If i do M1 TF volume analysis then price will go to 1941 and then will bounce back but sometimes i want to take risk to improve my return percentage.
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Love for all; Hatred for none.
  • #8,573
  • May 25, 2023 8:40am May 25, 2023 8:40am
I do not like to open position before red news unless i already have any position running. I liked to find difference between sellers and buyers and then jump in.
Love for all; Hatred for none.
  • #8,574
  • May 25, 2023 8:42am May 25, 2023 8:42am
RIP bulls.
  • #8,575
  • May 25, 2023 8:43am May 25, 2023 8:43am
Quoting Zebi
im nursing a DD on euro so wont be shorting much gold but theres a high probability it sees 1920

hit 1940 like i said on the 23rd....when it hits 1920 high possibility drops to 1900 round number which ill try buying...prolly start legging in from 1910 to 1900
short trump and go long the deepstate
  • #8,576
  • May 25, 2023 8:45am May 25, 2023 8:45am
The short i took is about to hit my TP...
I have my fingers crossed on this one
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  • #8,577
  • May 25, 2023 8:49am May 25, 2023 8:49am
Quoting Zebi
gold shud revisit the lows maybe even break on down to 1940 and possibly 1920 im going to look for spots to short especially after the close

pprobably close to 1900 after everythings said and done
short trump and go long the deepstate
  • #8,578
  • May 25, 2023 8:50am May 25, 2023 8:50am
Quoting Inthebox
{quote} take out weekly low then bounce up to fvg or may be market already satisfied taken the weekly low above it and bounce to fvg. {image}

Thanks for mentioning the gap and it is good to know that there is someone else with us (me and parveenverma) who is paying attention to this fvg(untested level).

I was taking short positions because for me all three TF (M1,M5,M15) were bearish but now M5 is switched to bulls but i am waiting for M1(flipping between bearish and bullish side) and M15 to switch to bullish side until then i will try to scalp with long positions.
Love for all; Hatred for none.
  • #8,579
  • May 25, 2023 9:32am May 25, 2023 9:32am
Quoting aahmad29
{quote} Thanks for mentioning the gap and it is good to know that there is someone else with us (me and parveenverma) who is paying attention to this fvg(untested level). I was taking short positions because for me all three TF (M1,M5,M15) were bearish but now M5 is switched to bulls but i am waiting for M1(flipping between bearish and bullish side) and M15 to switch to bullish side until then i will try to scalp with long positions.
the FVG is at 1985 isn't that far away yet? especially on a weekly timeframe it could be a long time until we see it tested again don't you think?
  • #8,580
  • May 25, 2023 9:41am May 25, 2023 9:41am
Quoting Xauusdscalpr
{quote} the FVG is at 1985 isn't that far away yet? especially on a weekly timeframe it could be a long time until we see it tested again don't you think?
I don't think it is far away, with volatility on the way due to the US debt ceiling issue. I hope personally hope it kicks off a new rally soon. 2100 is waiting.
"Who Dares Wins"
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