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Gold

Quoting Chancy
{quote} Gaps up and it'll keep on going higher.
Let's keep fingers crossed! Aware that we can spike down to 1925 for liquidity grab, and leave nice long wick to the bottom, so wary of bear traps, but if gap up and ever higher from thereon will be welcome
"Live & Let Live" - David Gilmour
Quoting Ravenfeeder
{quote} Let's keep fingers crossed! Aware that we can spike down to 1925 for liquidity grab, and leave nice long wick to the bottom, so wary of bear traps, but if gap up and ever higher from thereon will be welcome
Perma Gold bull me. Reason Gold is not $4-$5 k is world banks are desperate so they just keep on selling on the futures market. Paper money vs. reality . One of my favourites Meddle. Echoes sublime solo.
Quoting Ravenfeeder
{quote} Same here! Especially with Diwali increasing gold demand, and DXY also looks like it is ready to drop a bit, not that it's correlated all the time, plus... We all know Gold likes to retrace after a week or two of going in one direction. Above the 200-DMA I'll be careful to short, but that's also because I am biased due to the fact that I have longs up to 2000. Sigh. Thinking of changing broker seeing as my one charges swap fees for holding longs (and nothing for holding shorts).

gold will go up intraday and maybe even a couple days but youre forgetting about the war

dont become a casualty bein a bull
wait for a comet or meteroite to hit earth first before going long longterm
Kamala/Walz pulling away for the win
Quoting Chancy
{quote} Gaps up and it'll keep on going higher.
No chance. Fundamentals do not price gold where it is now. It's going down quickly. Any gap up will be a retracement move.
I expect gold to rise to 1970 first, either from here or after a small drop. After that it can go either way but imo it is still unknown for now, despite how sure some people are. Just trade one move at a time and wait for price action to tell you whats next. For example if we just have a small correction from 1970 we can easily push to 2030. However if we see a sharp drop instead then we probably even break 1900. I slightly favor the 2nd option but I would also say if that happens it is likely we have seen the end of the bigger correction and gold is ready for another impulse higher. Not seeing 1800s or lower at all right now but again one step at a time.
Hi All, can anyone explain this spike down to 1918 on MT5 HFM
Attached Image

Yet tradeview is only down to 1936
Killed my SL on HFM
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D1: Gold has moved below the pivotline, I still believe it will continue to go down
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Quoting vankiepsauff
D1: Gold has moved below the pivotline, I still believe it will continue to go down {image}
Which is the "pivotline"?

Is that calculated like normal Pivots?

Daily, Weekly?

Thanks.
If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 18.5%
Quoting Erebus
{quote} Which is the "pivotline"? Is that calculated like normal Pivots? Daily, Weekly? Thanks.
I use my hands and eyes to find the pivotline points, as in the picture above, I draw according to the daily chart.
Quoting Ravenfeeder
{quote} Let's keep fingers crossed! Aware that we can spike down to 1925 for liquidity grab, and leave nice long wick to the bottom, so wary of bear traps, but if gap up and ever higher from thereon will be welcome
Nice job.You called it! I had a buy at 23 that hit.
Quoting vankiepsauff
{quote} I use my hands and eyes to find the pivotline points, as in the picture above, I draw according to the daily chart.
Not much good to us then, subjective according to you only, but thanks for sharing.

Maybe call it the VankyLine to stop any confusion.

If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 18.5%
Quoting Tawfeeq
Hi All, can anyone explain this spike down to 1918 on MT5 HFM {image} Yet tradeview is only down to 1936 Killed my SL on HFM {image}
Same happened here! Bastards! I even had a sell stop at 1934 but somehow it never hit that, and also basically wiped my account... Not cool! This really shows to not leave trades in over the weekend, I've had previously had an account blown from the gap up when the market opened (during the ukraine war I think), but still it should've at least tapped that Sell stop, as this time it had time to gap up and then hit my sell stop, but went down as if it wasn't there.
"Live & Let Live" - David Gilmour
daily
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charting with fxstreet
dolce vita
nether my broker shows spike down no fxstreet
m15, DPPs
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"other" version: a small gap 36.20th-37.50th
charting with fxstreet

dolce vita
Quoting Ravenfeeder
{quote} Same happened here! Bastards! I even had a sell stop at 1934 but somehow it never hit that, and also basically wiped my account... Not cool! This really shows to not leave trades in over the weekend, I've had previously had an account blown from the gap up when the market opened (during the ukraine war I think), but still it should've at least tapped that Sell stop, as this time it had time to gap up and then hit my sell stop, but went down as if it wasn't there.
this leaves me speechless
dolce vita
Quoting Erebus
{quote} Not much good to us then, subjective according to you only, but thanks for sharing. Maybe call it the VankyLine to stop any confusion.
You may misunderstand, but I still see it coincides with the pivot of daily, weekly (many times)... so let's just call it that to make it easier to understand.
Quoting Ravenfeeder
{quote} Same happened here! Bastards! I even had a sell stop at 1934 but somehow it never hit that, and also basically wiped my account... Not cool! This really shows to not leave trades in over the weekend, I've had previously had an account blown from the gap up when the market opened (during the ukraine war I think), but still it should've at least tapped that Sell stop, as this time it had time to gap up and then hit my sell stop, but went down as if it wasn't there.
Maybe a smaller lot size? Sorry for your loss.
Quoting your6s
{quote} Maybe a smaller lot size? Sorry for your loss.
Oh I totally agree with you, I made a mistake, it seems in Gold it is best to always keep the lot size small, especially with swap getting ridiculous as soos as lot sizes get bigger. Will post screenshot to show. It just, if it isn't happening to other traders with other brokers, then they are manipulating their own charts in order to blow peeps' accounts? What is weird is that the chart on metalsmine also shows the spike, but only down to 1923, and not 1918, yet some of you don't have the spike at all? Strange work is at play... This reminds of when Oanda's charts would show a spike, abd eventually market would go there, not too long after, as if it's "showing" where it'll go. This still sucks, along with the swap on longs. Considering Exness..
"Live & Let Live" - David Gilmour
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The proof.
"Live & Let Live" - David Gilmour
I know some of us might have bitter experience this morning due to sudden spike down on some broker, hence i share 3 chart of my broker i use actively, the thing is one of my acc is wiped by this incident.

1. FBS (my small acc wiped here but the other survived due to enough margin) the lowest spike is 1915
2. Oanda (the lowest is 1927)
3. Apx (the lowest is 1917)

I wonder why this is vary from each broker
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