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Gold

Quoting pedro319
{quote} Still intact.
Despite stop hunt, pattern still valid.
Fibonacci will make you rich
what a manipulation was made, dxy doesnt move much, but the movement of the gold is just crazy
Quoting babayaga
{quote} hi, of course you can draw TL as you wish.., do not want to argue with this but imo, gold broke "this" trend line on 31.05.., if we do follow certain rules of drawing.., {image} with all my respect
certainly you can have your view. no problem with that.
i am just showing my way and have no interest in convincing others of following my way or what terminology to use.
it was the 3rd touch that i am concerned with. whether it's trend line or triangle.
coupled with other confluences like fib 61.8 and yesterday high which i am showing now for my conviction on shorts.
which probably is going for this week low.
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ITB - Seeking Orderliness amongst 'Randomness'
Quoting Zebi
this chart is what im trading. going to hold my shorts till closes the gap at 1880..i have other more technical reasons why i picked that target besides the "real" gap and not what the market profile boys like to call gaps I already shorted the open of the candle with the arrows and will sell up to 77 which is the close. Thing is on a daily chart better to leg in cause one doesnt really know what price the reversal will happen {image}

hundreds of ways to draw diagnal trendlines to suit ones bias...but only one way to draw horizontal lines LOL

my chart still applies...gap closure by end of month
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Price is just at daily trend line. Lets see if it close below and give confirmation tomorrow.
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Love for all; Hatred for none.
Quoting Zebi
heres the 15 min ..will take sell sigs all the way up {image}

might bounce off the light blue line and if it does prolly be a weak one
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this is one of the rare times a person can make a trade and sit back for weeks and collect money off the daily chart
only way gold sees 2080 again before that gap closure is with the help of a comet
prrice has fallen below the average daily range so further downside is limited....


if it happens to get to the blue line today will bounce to the green one and prolly fall much farther tomorrow
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hope it bounces to 1950 so can short more
Quoting Zebi
prrice has fallen below the average daily range so further downside is limited.... if it happens to get to the blue line today will bounce to the green one and prolly fall much farther tomorrow {image}
Bro, are you really sure about this? I opened a hugeee buy position down there. Please re-direct your thoughts and prayers towards me
Quoting TNTvak
{quote} Bro, are you really sure about this? I opened a hugeee buy position down there. Please re-direct your thoughts and prayers towards me

if youre a scalper youll be alright...im takin from a 4H daily perspective
it will prolly get to 1950 where ill short some more
Quoting TNTvak
{quote} Bro, are you really sure about this? I opened a hugeee buy position down there. Please re-direct your thoughts and prayers towards me
Overall market outlook is still bearish for now; I suggest you manage your risk is you have placed a buy on gold...price may not get to 1950 before the downtrend resumes.
The game taught me the game. And it didn’t spare me the rod while teaching
Unemployment Claims report is very important tomorrow. It will decide if upward trend line really break or it was false breakout
Love for all; Hatred for none.
Quoting Soundcode
{quote} Overall market outlook is still bearish for now; I suggest you manage your risk is you have placed a buy on gold...price may not get to 1950 before the downtrend resumes.
imo 1943.86 to break & stay below to me means bearish sign of market.., until then.., not yet
and btw gold is precisely here right now..,
dolce vita
Just got back from a few week vacation down south. Marked up the chart today. This is how I am seeing it and area I am thinking gold will head overall on htf. Looks like theres still some room to drop further based on the story the candles are telling. Strong bear candles and weak bull candles, takes many bull candles to make up for 1 bear candle. I also added some EW numbers to this, its common to have 4th wave consolidation and choppiness to price reaching the final steps of EW.
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"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
Quoting babayaga
{quote} imo 1943.86 to break & stay below to me means bearish sign of market.., until then.., not yet and btw gold is precisely here right now..,
Until when do you think? 1938.04?
  • Post #9,318
  • Quote
  • Edited Jun 8, 2:42pm Jun 7, 2:52pm (34 hr ago) | Edited Jun 8, 2:42pm
Still testing zones. Trying another buy for a few, let's see if level holds no doubt might test 1930.

Edit:
Closed at 1963. Pleased.
Quoting jayvicious
{quote} Until when do you think? 1938.04?
I think that if gold breaks 1940th..,it's open 1932-1928 area and till 1910th(?) she can arrive easily
if no.., 1977-1992 area is where to go.., but first above 1962th

do not pretend to be right
dolce vita
Quoting profits7
_________________ TP2 @ 1957 ____________________________________ TP3 @1955 {image}
______________ my raker Worn out Again , back to wallmart for a New 1
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Don’t focus on making $$$, focus on protecting what you have.
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