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  • #25,101
  • Jan 2, 2024 8:31pm Jan 2, 2024 8:31pm
Attached Image (click to enlarge)
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Daily Fibo Levels based on Volatility Factor
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Weekly Fibo Levels based on Volatility Factor
Love for all; Hatred for none.
  • #25,102
  • Jan 3, 2024 12:00am Jan 3, 2024 12:00am
Quoting aahmad29
{image} Daily Fibo Levels based on Volatility Factor {image} Weekly Fibo Levels based on Volatility Factor
...And the room went quiet! I think everyone is sitting on the sideline waiting for Gold to do something new? Lol.

Welcome back Aahmad! Hope we can have a great and prosperous year! Your insights are always refreshing.
"Who Dares Wins"
  • #25,103
  • Jan 3, 2024 12:06am Jan 3, 2024 12:06am
Situation 1: Gold price action will jump to resistance 2067-66, reject the area, and pull back to the 2058-55 area. If the resistance is strong, we might see 2050.
Situation 2: Gold will take support at 2061-60 and jump to 2070-74 area.

Note: The short is strong due to yesterday's price action. Wait for London to open and your set ups to form.
Trade safe.
Secret to the Price Action is Liquidity.
  • #25,104
  • Jan 3, 2024 12:54am Jan 3, 2024 12:54am
Quoting iusman23
Situation 1: Gold price action will jump to resistance 2067-66, reject the area, and pull back to the 2058-55 area. If the resistance is strong, we might see 2050. Situation 2: Gold will take support at 2061-60 and jump to 2070-74 area. Note: The short is strong due to yesterday's price action. Wait for London to open and your set ups to form. Trade safe.
looks so , the resistance h4 close 2065/67 may be very tough to break while correction target goes to 2070+, so above 2067 will wait for short opportunity nest , 2070 +- best but will wait for good short signals ! if success then target may go next 2042/22, hs target and may more . lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #25,105
  • Jan 3, 2024 1:03am Jan 3, 2024 1:03am
i start shorting at 2065 and set tp at 2057, look to 2052 if possible
  • #25,106
  • Jan 3, 2024 1:04am Jan 3, 2024 1:04am
Quoting fontu
{quote} looks so , the resistance h4 close 2065/67 may be very tough to break while correction target goes to 2070+, so above 2067 will wait for short opportunity nest , 2070 +- best but will wait for good short signals ! if success then target may go next 2042/22, hs target and may more . lets see {image} {image}
btw 2040th is a missed DPP (21.12)
from the other side DeMark's MPP at 2081th
...between missed WPP at 2046th (previous week)
for today, if looking at DeMark's DS1&DR1, we've got range 45-68 (!!!)

I left yesterday my "small" long from 2058.08.., just to see where we now

have a good day
dolce vita
  • #25,107
  • Jan 3, 2024 1:13am Jan 3, 2024 1:13am
2062.11 is a middle line of daily bar
...for now
dolce vita
  • #25,108
  • Jan 3, 2024 1:16am Jan 3, 2024 1:16am
TFM1 (scalps)

Just a personal opinion. Going to test yesterday low (SSL). Respect or disrespect
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Look right, we'll see the signs
  • #25,109
  • Jan 3, 2024 1:17am Jan 3, 2024 1:17am
Quoting TingKS
i start shorting at 2065 and set tp at 2057, look to 2052 if possible
if 60-61th, that I look at.., break
dolce vita
  • #25,110
  • Jan 3, 2024 1:24am Jan 3, 2024 1:24am
Quoting babayaga
{quote} if 60-61th, that I look at.., break
and if no.., I expect 2076 to retest
dolce vita
  • #25,111
  • Jan 3, 2024 1:25am Jan 3, 2024 1:25am
Quoting babayaga
{quote} if 60-61th, that I look at.., break
For me. 2058 is a critical point for starting buying or continuing selling. But beware 2057 and 2053.Just a personal opinion.
Look right, we'll see the signs
  • #25,112
  • Jan 3, 2024 1:54am Jan 3, 2024 1:54am
Quoting azhantahir
{quote} For me. 2058 is a critical point for starting buying or continuing selling. But beware 2057 and 2053.Just a personal opinion.
55-58 were yesterday.., today or lower.., or higher

stay safe
dolce vita
  • #25,113
  • Jan 3, 2024 2:01am Jan 3, 2024 2:01am
A new resistance at 2063. This is a place where we can expect a short below 55 area.
Secret to the Price Action is Liquidity.
  • #25,114
  • Jan 3, 2024 2:04am Jan 3, 2024 2:04am
Quoting iusman23
A new resistance at 2063. This is a place where we can expect a short below 55 area.
yes waiting for reverse here and break support at 61......then there will be a signal for short
Be Calm In Every Situation
  • #25,115
  • Jan 3, 2024 2:18am Jan 3, 2024 2:18am
Quoting babayaga
{quote} 55-58 were yesterday.., today or lower.., or higher stay safe
I'm focused on the Daily middle range. Prices are still in the range between yesterday's low and today's high. For confirmation buying, need to break out yesterday's BSL (2072). The critical point for either starter buying or selling is 2058. Just a personal opinion
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Look right, we'll see the signs
  • #25,116
  • Jan 3, 2024 2:25am Jan 3, 2024 2:25am
Waiting for a resistance below 2061 for short and support above 2065 for buying.
Secret to the Price Action is Liquidity.
  • #25,117
  • Jan 3, 2024 2:28am Jan 3, 2024 2:28am
Gold --- scalp targets to downside in blue, grey zones swing targets
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  • #25,118
  • Jan 3, 2024 2:31am Jan 3, 2024 2:31am
Quoting iusman23
Waiting for a resistance below 2061 for short and support above 2065 for buying.
bro....u told opposite........61 support and 65 resistance.......maybe current candle will be retrace
Be Calm In Every Situation
  • #25,119
  • Jan 3, 2024 2:37am Jan 3, 2024 2:37am
Quoting TingKS
i start shorting at 2065 and set tp at 2057, look to 2052 if possible
out at 2060. waiting better direction.
  • #25,120
  • Jan 3, 2024 2:42am Jan 3, 2024 2:42am
Quoting sambhav30
{quote} bro....u told opposite........61 support and 65 resistance.......maybe current candle will be retrace
Nope, I said correctly. Break out below 61 then a new resistance should be formed for a strong SELL.
Gold can go back to 65 again for a sell but the selling pressure looks like it'll create a resistance below 61-60 before further fall.
This has to be done because gold is consolidating between 65-61 area.
Secret to the Price Action is Liquidity.
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