Gold | Page 982 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Attachments: Gold
Exit Attachments

Gold

  • #19,621
  • Sep 27, 2023 5:21am Sep 27, 2023 5:21am
Quoting sharingan9
{quote} {image} Im short gold now. Potential target 1894
Gold dropped towards target in the direction of value earlier in the month and I dragged stops lower to secure profits. Price stopped a few pips away from potential 1894 target(monthly S1). Price then retraced upward closing my trades in profit and made weak moves above the monthly pivot only to fall back below monthly pivot back into the direction of value which is down so I shorted again. Price dropped and reached its 1894 potential target. Better late then never lol. Same trade every time.

Attached Image (click to enlarge)
Click to Enlarge Name: pricetarget2.png Size: 25 KB
  • #19,622
  • Sep 27, 2023 5:30am Sep 27, 2023 5:30am
Quoting parveenverma
I have a strong feeling that price will not stop here and can drop up to 1888 or more before any expected retracement.I may be be wrong.Trade safe
Thats my take also. It'll blow all the stops out around August low $1884 . So maybe go to $1875 . Then next week take off ? If it does not do that maybe trek on down to February low $1804. At some point however it is going to all time new highs past $2070 but this could be 2024 or 2025. Very little certainty. Exercise patience and wait.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-09-27 111924.png Size: 8 KB
  • #19,623
  • Sep 27, 2023 5:43am Sep 27, 2023 5:43am
Just remember, this is not a vote against gold. It's a vote against US Treasuries.
  • #19,624
  • Sep 27, 2023 5:46am Sep 27, 2023 5:46am
Quoting Chancy
{quote} Thats my take also. It'll blow all the stops out around August low $1884 . So maybe go to $1875 . Then next week take off ? If it does not do that maybe trek on down to February low $1804. At some point however it is going to all time new highs past $2070 but this could be 2024 or 2025. Very little certainty. Exercise patience and wait. {image}
At some point it will reach an all time high, but it won't be this year and probably not next year. Until the Fed show signs of dropping interest rates, gold should keep going down. Asian countries seem to be buying gold to underwrite their currencies in another gold standard era, but the west don't want that to happen so can't see it. If it wasn't for them buying up so much gold, it'd be in free fall right now.
  • #19,625
  • Sep 27, 2023 5:48am Sep 27, 2023 5:48am
Quoting 10QFX
{quote} Closed all balance 3 {image} {image}
SL hit.First of the week.Reentry buy lower until 1893
  • #19,626
  • Sep 27, 2023 5:48am Sep 27, 2023 5:48am
Today is wiping me out. 50% lost
  • #19,627
  • Sep 27, 2023 5:50am Sep 27, 2023 5:50am
Quoting d1zzy
Yesterday's down move blew my main account lol meh got no one to blame but myself I guess, waiting for a retracement that never came lol. Little disappointing it was a $10k+ account. I think I'll trade my mini account for a few weeks until I mentally recover from that loss it's been a while since I blew an account so it feels weird, just wanted to say be careful trading the counter-trade and use a stop loss lol.
I am really sorry for your loss. Most of us have gone through this phase but come back strong with proper money management.
Love for all; Hatred for none.
  • #19,628
  • Sep 27, 2023 6:02am Sep 27, 2023 6:02am
Looking forward to the day when the dollar is brutally punished.
  • #19,629
  • Sep 27, 2023 6:12am Sep 27, 2023 6:12am
Do you think if we start taunting the bulls, by called them pussy's or something, it might provoke them?
  • #19,630
  • Sep 27, 2023 6:17am Sep 27, 2023 6:17am
If taps 1891/89 it should reject; maybe the start of the retracement. Will see.
  • #19,631
  • Sep 27, 2023 6:19am Sep 27, 2023 6:19am
2% ofmy account was 0.49 lots this morning. Now it's 0.2 lots
£1618 down to £650
  • #19,632
  • Sep 27, 2023 6:21am Sep 27, 2023 6:21am
Quoting aahmad29
{quote} I am really sorry for your loss. Most of us have gone through this phase but come back strong with proper money management.
That's the plan inshallah
  • #19,633
  • Sep 27, 2023 6:37am Sep 27, 2023 6:37am
My account is gone; see you not soon i think. trade safe.
  • #19,634
  • Sep 27, 2023 6:39am Sep 27, 2023 6:39am
Quoting MrFanciful
Do you think if we start taunting the bulls, by called them pussy's or something, it might provoke them?

It's hard. Can be painful. But I love this world, this Forex world.....
  • #19,635
  • Sep 27, 2023 6:40am Sep 27, 2023 6:40am
Quoting Eren10
1880 & 1885 is so close now. I guess at least 1885 will be reached today.
seem like you're reading my mind. I'm already on it. We trade safe.
  • #19,636
  • Sep 27, 2023 6:42am Sep 27, 2023 6:42am
Quoting MrFanciful
Do you think if we start taunting the bulls, by called them pussy's or something, it might provoke them?
Lmao hell no is pussys bro
  • #19,637
  • Sep 27, 2023 6:43am Sep 27, 2023 6:43am
_____________ https://www.forexfactory.com/thread/...d-gold?page=23
Don’t focus on making $$$, focus on protecting what you have.
  • #19,638
  • Sep 27, 2023 6:44am Sep 27, 2023 6:44am
Quoting MrFanciful
2% ofmy account was 0.49 lots this morning. Now it's 0.2 lots £1618 down to £650

Comparing percentages with lot sizes is wrong. I trade also overleveraged most of the time but for 1618 account probably traded lot size should be around 0.05. Maybe even 0.01
  • #19,639
  • Sep 27, 2023 6:44am Sep 27, 2023 6:44am
I do normally use 7 lots size for 5 pips and it does paid. I don't have time stressing myself looking for long.
  • #19,640
  • Sep 27, 2023 6:45am Sep 27, 2023 6:45am
Quoting aelaboussi
My account is gone; see you not soon i think. trade safe.
Sorry to hear that Bro

Live to fight another day

We have all been through that. Go over the mistakes you have done and come back stronger

Winning and losing is the normal in our Forex world

No one wins all the time
It's hard. Can be painful. But I love this world, this Forex world.....
63 traders viewing now, 1 is registered:
ondiss