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Gold

Quoting parveenverma
{quote}Hi Lucas! This time I am not agree with you because Hourly trend changed here u r right but as per my chart 4H is still bearish until price cross above 1985.Trade safe
You may be right, but I still stand by my opinion that the trend has changed on the H4 chart.
Of course, it could be a false breakout.
The "W" bottom is the basis of my judgment. Whether the trend will last or not, I don't know.
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Just follow the trend.
Quoting Inthebox
{quote} it is not likely that now has change to uptrend. market is only 'considering' by ranging and ranging and ranging until it is satisfied. imaging it is like a big oil tanker in the ocean, how difficult it is to turn it around 180 degree. so now you can trade both ways. {image}
Yes. Trends may not change that easily.
But when a signal appears, I have to trade the signal. The rest is up to God and time.
Just follow the trend.
Quoting lucaswalliam
{quote} Yes. Trends may not change that easily. But when a signal appears, I have to trade the signal. The rest is up to God and time.
it is better to spend time honing a skill because God will not listen to speculators or gamblers.
simply because it is of your own doing, own choice, own accountability, nothing else.
ITB - Orderliness amongst 'Randomness'
Quoting Rossidi
{quote} why should UJ go up.?
Risk on/off in markets. JPY is considered a safe haven currency. That said, it depends on what is at play.

But USD is a bigger leading currency over JPY so USDJPY do not always follow the other XXXJPY which is why I did not include it in my quotes.

At the moment, I think Gold is being propped up by risk-off sentiments (flow into safe havens). So once the other XXXJPY rallies (eg EURJPY and AUDJPY), it is a good indication that speculators are buying the market again, which usually leads to selling Gold.

Of course, all these are in theory.
Alright let's do this. I'm in at 1955.1. You boys and girls know the rundown. 25 ticks stop loss, 35 pips take profit. Ultimately, I'm looking for 1974.9 but I don't think I will be anywhere near that greedy. Just food for thought.

i'm looking at march 17 I have a feeling we are working that range
Legacy is not about Immortality
Quoting Xautrucho
Alright let's do this. I'm in at 1955.1. You boys and girls know the rundown. 25 ticks stop loss, 35 pips take profit. Ultimately, I'm looking for 1974.9 but I don't think I will be anywhere near that greedy. Just food for thought. i'm looking at march 17 I have a feeling we are working that range
We're looking crispy folks, partial profit secured, I have a feeling this will rip upward, going to start consolidating my risk on this one.
Legacy is not about Immortality
Long XAUUSD all my accounts, don't take this as financial advice do your own homework
Never, ever argue with your trading system
Quoting LitEU
Long XAUUSD all my accounts,
Hey, nice sense of humor.
Always learning
SELL TP 1890
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Quoting lucaswalliam
{quote} Yes. Trends may not change that easily. But when a signal appears, I have to trade the signal. The rest is up to God and time.
I see the pattern you are seeing and when I first signed on today I was very eager to short (heck I still am) it's the oscillator on my screen telling me a much different story that made me look for a long. Secondly, despite the price action meeting structures that should defy buyer power, bulls just seem to prevail until further notice. On a final note if gold starts slipping, it may be aiming for a price much lower than yesterday's low similar to what you had mentioned. I'm looking for 1919 if we break under 1950 and only if we continue to closer under 1955 after testing that 1950. Shit is wild.
Legacy is not about Immortality
Quoting fxpider
{quote} Hey, nice sense of humor.
Never, ever argue with your trading system
Quoting Fxrline
SELL TP 1890 {image}
Dang, how long you plan on holding this bad boy?

Don't mean to be nosy but, any stop loss?
Legacy is not about Immortality
XAUUSD is rising towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 1960.15 and potentially move lower from here. Our stop loss will be at 1980.92 which is an overlap resistance that sits above the 38.2% Fibonacci retracement. The take profit level will be at 1931.95 which is a recent swing-low.
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We only trade when there is AGREEMENT
Quoting Xautrucho
{quote}
This is in-between time, I think.
Could go up, could go down, could be a SHS-in-the-making...
Wait for a breakout and retest seems a good idea...
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Quoting Tekin
i think an up trend is starting again {image}
as usual its waving too many. after breaking 1965. it might turn to a rocket
Quoting josi
{quote} This is in-between time, I think. Could go up, could go down, could be a SHS-in-the-making... Wait for a breakout and retest seems a good idea... {image}
definitely! Noisy and ranging, Gold is waiting for a new catalyst, I am out until we go below 1950 or above 1965 again. Hopefully we'll have an idea before the NFP on Friday, where we have an opportunity of Gold to shoot up if the NFP numbers disappoint.
"Live & Let Live" - David Gilmour
My volume analysis is mixed up between M1 and M5 so for me there is no clear direction. I will wait for red news to get clear direction and then will add more positions.
Love for all; Hatred for none.
Quoting deaftrader
XAUUSD is rising towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 1960.15 and potentially move lower from here. Our stop loss will be at 1980.92 which is an overlap resistance that sits above the 38.2% Fibonacci retracement. The take profit level will be at 1931.95 which is a recent swing-low. {image}
I think u r right.There is an untested level above 1960 and it's 4th attempt while price is trying to test it. I think after test it price can drop.Let's see.....Trade safe
Friends, what is the general opinion about gold today?
Quoting parveenverma
{quote} I think u r right.There is an untested level above 1960 and it's 4th attempt while price is trying to test it. I think after test it price can drop.Let's see.....Trade safe
IMO, it will keep on ranging between 1950 and 1965 until the NFP.
Always learning
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