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  • #9,441
  • Jun 10, 2023 12:21am Jun 10, 2023 12:21am
checking gold pa to try follow next week ! daily bullish , weekly confused to slightly bearish , even now low breaks may continue support at 1928 . lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #9,442
  • Jun 10, 2023 1:21am Jun 10, 2023 1:21am
Quoting aahmad29
{quote} Yes we can hold both long and short positions. My brokers are not Canadian brokers. I am with two brokers and never had any problem. I do not use SL and instead of SL I use counter trade
Can I ask how are you doing it? I mean how can you be profitable if, for example, your buy position is running profit while your sell position is running loss (or the other way around)? Sorry to bother you, I'm just curious.
  • #9,443
  • Jun 10, 2023 2:20am Jun 10, 2023 2:20am
Quoting eatit007
{quote} {image}
Hi every1,
Was away as rl needed me.

A lot of liquidity is waiting above. Should go there soon.


I want green but might get yellow or white.
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Everything is cyclic.
  • #9,444
  • Jun 10, 2023 6:01pm Jun 10, 2023 6:01pm
welp...doing my saturday evening chart studies

here are 15 min euro and gold charts with a line marking the unemployment news announcement...euro hasnt hit the mark yet but will sunday night and where you think gold is going
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short trump and go long the deepstate
  • #9,445
  • Jun 11, 2023 8:48am Jun 11, 2023 8:48am
Quoting Zebi
welp...doing my saturday evening chart studies here are 15 min euro and gold charts with a line marking the unemployment news announcement...euro hasnt hit the mark yet but will sunday night and where you think gold is going {image} {image}
I agree, we left a bit of a gap there, we could drop to 1950, then we see if it continues down, as it will once below 1950, and probably stay around there until Wednesday when the FOMC rate decision probably has Gold shooting up, except if they do increase the rate unexpectedly, but everyone expects a rate hold on this decision, benetting Gold, which at worst could make it drop a bit more and then shoot up, as so many of these FOMC events have Gold whipsawing.
"Who Dares Wins"
  • #9,446
  • Jun 11, 2023 10:35am Jun 11, 2023 10:35am
I want to see Tuesday the CPI decrease, it's will probably mean a deflationary USDX and a little pump for the Gold, if it's happen maybe the interest rate will follow?!
And i agree with the area of 1950 watch out.
  • #9,447
  • Jun 11, 2023 11:47am Jun 11, 2023 11:47am
Quoting Ravenfeeder
{quote} I agree, we left a bit of a gap there, we could drop to 1950, then we see if it continues down, as it will once below 1950, and probably stay around there until Wednesday when the FOMC rate decision probably has Gold shooting up, except if they do increase the rate unexpectedly, but everyone expects a rate hold on this decision, benetting Gold, which at worst could make it drop a bit more and then shoot up, as so many of these FOMC events have Gold whipsawing.
Everyone needs to be careful at FOMC because Canadian and Australian rates were expected to stay same but they raised interest rates
Love for all; Hatred for none.
  • #9,448
  • Jun 11, 2023 2:31pm Jun 11, 2023 2:31pm
Current short term and long term view on gold. I trade ny session so we will see where we are at then and adjust if needed
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"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #9,449
  • Edited 2:52pm Jun 11, 2023 2:39pm | Edited 2:52pm
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Don’t focus on making $$$, focus on protecting what you have.
  • #9,450
  • Jun 11, 2023 4:52pm Jun 11, 2023 4:52pm
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Don’t focus on making $$$, focus on protecting what you have.
  • #9,451
  • Edited 6:11pm Jun 11, 2023 5:44pm | Edited 6:11pm
Quoting Ravenfeeder
{quote} I agree, we left a bit of a gap there, we could drop to 1950, then we see if it continues down, as it will once below 1950, and probably stay around there until Wednesday when the FOMC rate decision probably has Gold shooting up, except if they do increase the rate unexpectedly, but everyone expects a rate hold on this decision, benetting Gold, which at worst could make it drop a bit more and then shoot up, as so many of these FOMC events have Gold whipsawing.

as we all know the thing about conventional wisdom is its wrong about 90% of the time in trading ,,thats why so many losing traders cause they believe the crap written in books

so in my contrariian view a rate hold or even a drop in the contrarian view should benefit the dollar since inflation easing up and and economy getting healthier which helps the dollar...but we'll see

ill be looking to short the kneejerk reaction to the news if its a rate hold or cut
short trump and go long the deepstate
  • #9,452
  • Jun 11, 2023 5:58pm Jun 11, 2023 5:58pm
heres an example how i beat conventional wisdom in oil and XOM stock in the crude oil thread

always remember and never forget good news or earnings at the top will always cause price to fall same as bad news at the lows will make it go up
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short trump and go long the deepstate
  • #9,453
  • Jun 11, 2023 6:56pm Jun 11, 2023 6:56pm
Looks like going down before up. Long 1956 sl 1948
  • #9,454
  • Jun 11, 2023 8:12pm Jun 11, 2023 8:12pm
Quoting aahmad29
{quote} Update Positions Sell 1959 TP 1950 Sell 1967 TP 1959 (Hit TP) Sell Limit @1974 TP 1967 Sell Limit @1982 TP 1974
Update Positions

Sell 1959 TP 1950 (closed at 1954)

No active position at this moment
Love for all; Hatred for none.
  • #9,455
  • Jun 11, 2023 8:14pm Jun 11, 2023 8:14pm
I will wait for London session if my volume analysis gave me room to enter trade then I will take position otherwise I wait for full Monday volume profile to analyze the market.
Love for all; Hatred for none.
  • #9,456
  • Jun 11, 2023 10:29pm Jun 11, 2023 10:29pm
We might not see gold movement today as market might consolidate and pill up liquidity either to the upside or downside , before CPI comes with a full sweep haha stay safe

Lets see if the bulls can break 1960 market opening resistance or maintain 1955 support as i look to buy

bullish xauusd
  • #9,457
  • Jun 11, 2023 10:36pm Jun 11, 2023 10:36pm
Allow h4 and h1 break above 1960 before buying and if it's breaks below sell as market will consolidate trapping both parties till enough liquidity has been accumulated.
Retail is heavy on selling gold while bigmoney adds to their buy positions. We all know retail tends to be on the losing side
once again allow h4 and h1 show you the way best you leave gold for now to avoid getting trapped silly and be liquidity for us because you ain't patience enough
  • #9,458
  • Jun 11, 2023 10:40pm Jun 11, 2023 10:40pm
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  • #9,459
  • Jun 11, 2023 10:41pm Jun 11, 2023 10:41pm
Update positions:

Sell 1961 TP 1955
Love for all; Hatred for none.
  • #9,460
  • Jun 11, 2023 11:23pm Jun 11, 2023 11:23pm
Quoting aahmad29
Update positions: Sell 1961 TP 1955
Close my Buy positions before London Open. Buy again in 1959,1960 by targeting 1968 and 1973 Area.Trade safe
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Mr.pawan