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  • #14,541
  • Aug 3, 2023 3:33am Aug 3, 2023 3:33am
Quoting parveenverma
{quote} 4H has a strong sell signal on my chart but before that sell off it is shouting for retracement up to 1944,1946 or 1949 possible first.Trade safe
I'd just look for sells, when they drop the bank reds there's no time to get out of a buy in the range
  • #14,542
  • Aug 3, 2023 3:39am Aug 3, 2023 3:39am
Quoting parveenverma
{quote} 4H has a strong sell signal on my chart but before that sell off it is shouting for retracement up to 1944,1946 or 1949 possible first.Trade safe
yeah higher tf still strong bear , but M15/m30 and H1 candle printed a strong bullish candle and might have done enough . next H 4 candle must bullish to stay on to daily . whereas , daily tf as actually expecting reversal but under extreme beareish pressure may print a doji daily rather strong bull candle . if so price may not going anywhere today , just range up and down ! anyway risky pa / transition levels , so careful arounds !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #14,543
  • Edited 4:24am Aug 3, 2023 3:51am | Edited 4:24am
Quoting fontu
{quote} yeah higher tf still strong bear , but M15/m30 and H1 candle printed a strong bullish candle and might have done enough . next H 4 candle must bullish to stay on to daily . whereas , daily tf as actually expecting reversal but under extreme beareish pressure may print a doji daily rather strong bull candle . if so price may not going anywhere today , just range up and down ! anyway risky pa / transition levels , so careful arounds ! {image} {image}
Like this..... too the pip off the 175 ext after the liquidity raid..and look right ...too the pip again off the 0.75 internal @1972... This suggests these fibs are drawn bang on accurate and 1912.802 is your number
Any other pullback buys will be off that 3 Drive trend line
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  • #14,544
  • Edited 5:11am Aug 3, 2023 4:02am | Edited 5:11am
and that's on the dialled in lower TF analysis
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  • #14,545
  • Aug 3, 2023 4:05am Aug 3, 2023 4:05am
Quoting ForexIkeja
{quote} It's rises to retest resistance level . So far my analysis is playing GOLD Is falling all. Day below 1920 for sure

there might be a buy from 1920.
Trading is very lonely
  • #14,546
  • Edited 6:40am Aug 3, 2023 4:18am | Edited 6:40am
closed yesterday long this morning
and
reentered again long at 31th
one position left
watching if she comes for PPs, 38.85 & 40.66
imo, possible down 23th, 18th.., till 04-14th.., up: 46th, 59th, 66th, till 77-88th area

dolce vita
  • #14,547
  • Aug 3, 2023 4:30am Aug 3, 2023 4:30am
World be like
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  • #14,548
  • Aug 3, 2023 4:38am Aug 3, 2023 4:38am
rest times checking without tension! 1941.24 limit should be watching, ok even up price 1939.03 before bottom /!ow! Breaks should buy at any low then!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #14,549
  • Aug 3, 2023 5:12am Aug 3, 2023 5:12am
Just wondering if GBP bank rate interest will affect the gold market?
Trading is very lonely
  • #14,550
  • Aug 3, 2023 5:14am Aug 3, 2023 5:14am
Quoting luckytujuh
Just wondering if GBP bank rate interest will affect the gold market?
If it's good news: dollar goes up. If it's bad news: dollar goes up.
  • #14,551
  • Aug 3, 2023 5:26am Aug 3, 2023 5:26am
Good buying pressure increased..a little retracement can happen to 1942 level...

Trade safe
Its all about Timing!!!
  • #14,552
  • Aug 3, 2023 5:26am Aug 3, 2023 5:26am
Quoting luckytujuh
Just wondering if GBP bank rate interest will affect the gold market?
Well if they increase rates, traders will buy GBP/USD so USD will go down (USD is being sold to buy GBP) which in turn will send gold up.
  • #14,553
  • Aug 3, 2023 5:28am Aug 3, 2023 5:28am
Quoting fontu
rest times checking without tension! 1941.24 limit should be watching, ok even up price 1939.03 before bottom /!ow! Breaks should buy at any low then! {image}
Thanks! We've been testing 1935 for some time now, multiple rejections, hopefully we can start looking at a Gold rally to above 1940 now take care!
"Who Dares Wins"
  • #14,554
  • Aug 3, 2023 5:29am Aug 3, 2023 5:29am
Quoting d1zzy
{quote} Well if they increase rates, traders will buy GBP/USD so USD will go down (USD is being sold to buy GBP) which in turn will send gold up.
That would be in 31 mins precisely. maybe we be able to collect sell orders from 1941-1943
Trading is very lonely
  • #14,555
  • Aug 3, 2023 5:30am Aug 3, 2023 5:30am
Date 3 - 8 - 2023
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  • #14,556
  • Aug 3, 2023 5:32am Aug 3, 2023 5:32am
19 goddamn hours now
  • #14,557
  • Aug 3, 2023 5:52am Aug 3, 2023 5:52am
Quoting d1zzy
{quote} Well if they increase rates, traders will buy GBP/USD so USD will go down (USD is being sold to buy GBP) which in turn will send gold up.
Rate increase is nailed on. Lots of pressure to stop raising rates. Could well be USD strength if the statement acknowledges this pressure to slow and create a softer landing
  • #14,558
  • Aug 3, 2023 5:58am Aug 3, 2023 5:58am
DXY spikes to 103 on the news?
  • #14,559
  • Aug 3, 2023 6:01am Aug 3, 2023 6:01am
Quoting ForexIkeja
Sell resistance for GOLD for the day around 1934-1937 I expect GOLD to fall down at least 25 downwards Towards 1920 . This is my opinion I'm not good with charts some of us Can paint fancy picture pls help out with them . Trade safe
GOLD isn't going any higher than 1934-1937 level as it appears today
i see it falling downward 1920 below
So take a good spot and join
The Gold Rush.
  • #14,560
  • Aug 3, 2023 6:08am Aug 3, 2023 6:08am
In just over an hour 5 fewer people than expected will have been added to unemployment and the DXY will hit 104
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