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  • #24,781
  • Dec 27, 2023 6:44am Dec 27, 2023 6:44am
Quoting GPChannels
{quote} since then I print it and have it framed on the wall
You took entry today?
Today the entry was on both sell and buy side with confirmation.
Secret to the Price Action is Liquidity.
  • #24,782
  • Dec 27, 2023 6:47am Dec 27, 2023 6:47am
short 2070
0.05 target 2061
  • #24,783
  • Dec 27, 2023 6:49am Dec 27, 2023 6:49am
Quoting ScalaFX
prepering for big short once price touch 2070, already set
in the game, lets see how far this can go
People don't plan to lose. They lose because they don't plan.
  • #24,784
  • Dec 27, 2023 6:49am Dec 27, 2023 6:49am
Quoting iusman23
{quote} You took entry today? Today the entry was on both sell and buy side with confirmation.
yes I did
Attached Image (click to enlarge)
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Gold Price Channels
  • #24,785
  • Dec 27, 2023 6:54am Dec 27, 2023 6:54am
Quoting iusman23
I posted a comment in this thread weeks ago about this movement. "Whenever XAUUSD makes a move without any clue (No news/world events) it is supposed to recorrect it self at least to the point where it started its move". And, here you can see it happened.
i remember bro.....and also remember that move where u said this
Be Calm In Every Situation
  • #24,786
  • Dec 27, 2023 6:55am Dec 27, 2023 6:55am
Quoting ScalaFX
prepering for big short once price touch 2070, already set
protected
People don't plan to lose. They lose because they don't plan.
  • #24,787
  • Dec 27, 2023 6:58am Dec 27, 2023 6:58am
Quoting sambhav30
{quote} i remember bro.....and also remember that move where u said this
but we are not sure for the second leg

what do you think iusman23?
Gold Price Channels
  • #24,788
  • Dec 27, 2023 7:01am Dec 27, 2023 7:01am
Quoting iusman23
{quote} What is your set up?
in my POV.......waiting for 70 to break for buy and 63 to break for sell entry..........your opinion?
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Be Calm In Every Situation
  • #24,789
  • Dec 27, 2023 7:02am Dec 27, 2023 7:02am
selling pressure is also good in london and NY zone.......
Be Calm In Every Situation
  • #24,790
  • Dec 27, 2023 7:03am Dec 27, 2023 7:03am
wtf man, twice now its gone down massively, then reversed immediately
  • #24,791
  • Dec 27, 2023 7:05am Dec 27, 2023 7:05am
Quoting shay14
wtf man, twice now its gone down massively, then reversed immediately
yes.....that's why i said......i didn't get perfect entry till now.....these entries good for scalpers
Be Calm In Every Situation
  • #24,792
  • Dec 27, 2023 7:05am Dec 27, 2023 7:05am
Quoting GPChannels
{quote} but we are not sure for the second leg what do you think iusman23?
Most of the time you'll miss impulse move, but you should keep eyes on News and World events to know if it was a wrong move.
Once you are sure, wait for entry point on M5 or M15 to enter for the correction move.

Now let's talk about current situation. The fall we saw earlier was an impulsive move and it corrected itself.
Now it's falling again and. that is because it rejected 2070. Resistance at 2070 is strong enough to hold the price.
Buy at this high is not safe. I lost $$$ on last Friday because I was buying on this high. Today I am shorting it at every rejection and I recovered my loss within 1 trade.

Here is a tip that will help you understand current rejection situation:
Past support can be future resistance and past resistance can be future support.
You can see this happening on the chart currently.
Secret to the Price Action is Liquidity.
  • #24,793
  • Dec 27, 2023 7:07am Dec 27, 2023 7:07am
Quoting sambhav30
{quote} yes.....that's why i said......i didn't get perfect entry till now.....these entries good for scalpers
frustrating

need a loooong drop
  • #24,794
  • Dec 27, 2023 7:08am Dec 27, 2023 7:08am
Quoting sambhav30
{quote} in my POV.......waiting for 70 to break for buy and 63 to break for sell entry..........your opinion? {image}
You are missing trade here my brother. You should sell it when it rejects 2070 with TP as 64-61.
And when it comes to you, do not buy till any strong confirmation, gold is already too high. I made this mistake on Friday.
Master support and resistance, you'll understand.
Secret to the Price Action is Liquidity.
  • #24,795
  • Dec 27, 2023 7:08am Dec 27, 2023 7:08am
Quoting shay14
wtf man, twice now its gone down massively, then reversed immediately
big money changing side slowly, dollar index is in good place to take correction
People don't plan to lose. They lose because they don't plan.
  • #24,796
  • Dec 27, 2023 7:10am Dec 27, 2023 7:10am
Quoting iusman23
{quote} You are missing trade here my brother. You should sell it when it rejects 2070 with TP as 64-61. And when it comes to you, do not buy till any strong confirmation, gold is already too high. I made this mistake on Friday. Master support and resistance, you'll understand.
ohhhhh.......i think that it might break the resistance
Be Calm In Every Situation
  • #24,797
  • Dec 27, 2023 7:13am Dec 27, 2023 7:13am
Quoting ScalaFX
{quote} big money changing side slowly, dollar index is in good place to take correction
Looking out for this. DXY is so oversold, for some time now, and ready for its next leg up, just waiting for buyers. Gold also needs a correction, and I hope we will soon see 2000 and below again. January has always been good for gold, but, it has been strong and overstretched for some time now.
"Who Dares Wins"
  • #24,798
  • Dec 27, 2023 7:14am Dec 27, 2023 7:14am
Quoting sambhav30
{quote} ohhhhh.......i think that it might break the resistance
This is 4th time it is rejecting this area. I don't think it'll break resistance before January. I am not gonna buy no matter what.
Go to 7th OCT chart, you'll see a huge GAP. This Gap can be filled anytime. That is the reason I am not willing to buy but selling only.
Secret to the Price Action is Liquidity.
  • #24,799
  • Dec 27, 2023 7:14am Dec 27, 2023 7:14am
but i forget that this was third time it rejects from resistance
Be Calm In Every Situation
  • #24,800
  • Dec 27, 2023 7:20am Dec 27, 2023 7:20am
Quoting sambhav30
but i forget that this was third time it rejects from resistance
Mark a rectangle on 2070 on M30 timeframe and then zoom out. You'll see clearly.
Before making any decision read the chart properly.
Secret to the Price Action is Liquidity.
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