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  • #26,541
  • Feb 6, 2024 11:56pm Feb 6, 2024 11:56pm
Quoting sambhav30
{quote} if dxy goes up then gold goes down?....is it?
Not necessary.
Majority of the time yes, since the pair is XAU/USD.
When denominator (USD) goes up, the pair(XAU/USD) tend to fall.
But there are time when both rise together.
This often related to global uncertainties where investors seeks safe haven assests.
So they buy USD and XAU together.
Another often cause is when China economy trembles, chinese opted for gold than Chinese real estate and equities.
So Demand for Gold bullion rises.
We also have Gold etfs a great indication of banks and hedge funds gold demand, where they invest in efts rather than the actual gold bar since it comes with high storage, security, and transportation fees.
More time in the market, does not mean you trade better!
  • #26,542
  • Feb 7, 2024 1:36am Feb 7, 2024 1:36am
So where are we heading today?
Never stop learning. Improvise, adapt, overcome.
  • #26,543
  • Feb 7, 2024 2:15am Feb 7, 2024 2:15am
Quoting Srnz7
So where are we heading today?
For me......Gold Sideways till now.More probabilities of move above because Dxy can drop more to reach to its strong support(RBS).At present Dxy is trading very close to a possible support also So be careful. I have grab some green pips from EU GU bulls. Trade safe
  • #26,544
  • Feb 7, 2024 2:22am Feb 7, 2024 2:22am
Quoting Srnz7
So where are we heading today?
Depends on your time frame, 1-minute, sell apparently.

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It takes a lot for me to IGNORE you, but you can try.
  • #26,545
  • Feb 7, 2024 2:44am Feb 7, 2024 2:44am
short until 2027 for me at least from 2035
  • #26,546
  • Feb 7, 2024 2:45am Feb 7, 2024 2:45am
Quoting parveenverma
{quote}For me......Gold Sideways till now.More probabilities of move above because Dxy can drop more to reach to its strong support(RBS).At present Dxy is trading very close to a possible support also So be careful. I have grab some green pips from EU GU bulls. Trade safe
Good to hear, thank you for the insight Praveen.
Never stop learning. Improvise, adapt, overcome.
  • #26,547
  • Feb 7, 2024 2:47am Feb 7, 2024 2:47am
Quoting Erebus
{quote} Depends on your time frame, 1-minute, sell apparently. {image}{image}
I just got out for today managing to cover the losses of yesterday also I hope to see my account like yours someday and thank you for replying I appreciate it.
Never stop learning. Improvise, adapt, overcome.
  • #26,548
  • Feb 7, 2024 3:10am Feb 7, 2024 3:10am
Quoting Srnz7
{quote} I just got out for today managing to cover the losses of yesterday also I hope to see my account like yours someday and thank you for replying I appreciate it.
Not mine, it's a FREE signal service, great strike rate.

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PM for the Telegram link.
It takes a lot for me to IGNORE you, but you can try.
  • #26,549
  • Feb 7, 2024 3:18am Feb 7, 2024 3:18am
Erebus, please give me the link.
  • #26,550
  • Edited 4:59am Feb 7, 2024 3:43am | Edited 4:59am
Quoting parveenverma
{quote} Hi Fontu.....Daily charts says that price pushed up by the Bears blocker and and new bears blocker formed yesterday.So as per daily chart price can attack the liquidity below 2013 and then attack the above daily liquidity above 2065 or continue attack upward after little retracement in small TFs. What's your opinion?
Sorry for late, As in daily chart, 3rd bear candle failed confirm yeaterday as ranging and close also up, so as said price likely further up 2043 to 2051 +- ok before most probable tanking for 2495 confirmation with signal next / breakout 2014. So clear bounce to back bear leg again.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #26,551
  • Feb 7, 2024 6:42am Feb 7, 2024 6:42am
I'm sure the dollar will increase in value against gold any day now.
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  • #26,552
  • Edited 7:53am Feb 7, 2024 7:16am | Edited 7:53am
[quote=parveenverma;14746280]{quote} Yes.....These days Dxy is very powerful so if it become aggressive to any side then it will push all instruments in opposite direction definitely. Specially in NY session. Trade safe Risk free buy for Gold become above 2039 and Sell below 2032 but after proper and Double confirmation.[/ quote]

Price did not break my milestone levels today till now. I grabbed some green pips by scalping EU,GU and XU. Even NY has not produced any volatility in the market so I am done for day today. Trade safe
  • #26,553
  • Feb 7, 2024 7:54am Feb 7, 2024 7:54am
Quoting Erebus
{quote} Not mine, it's a FREE signal service, great strike rate. {image} PM for the Telegram link.
Hi bro why not start a signal service too cos apart from this I always admire your ways and styles of execution of trades timely too not only on Gold but other instrument. If you set a trade up more than often the targets are always hit.
  • #26,554
  • Feb 7, 2024 8:28am Feb 7, 2024 8:28am
What do you think will happen to DXY during the US10y AUCTION
ryoiki tenkai : Blue Juggernaut
  • #26,555
  • Feb 7, 2024 1:57pm Feb 7, 2024 1:57pm
Quoting Slingshots1
{quote} Hi bro why not start a signal service too cos apart from this I always admire your ways and styles of execution of trades timely too not only on Gold but other instrument. If you set a trade up more than often the targets are always hit.
Pretty sure that Forex Factory would soon ban anyone setting up a signal service, free or not.

Also, this is not the platform for sharing a 1-minute system, wow, way too slow here!

The 2-way traffic here? Imagine trying to answer the questions, let alone address the complainers, ha ha ha!

And I go to bed when the Gold market gets lively for the US session, so not really the best for me, miss a lot of action.

Thanks for the support... I think.
It takes a lot for me to IGNORE you, but you can try.
  • #26,556
  • Feb 7, 2024 4:04pm Feb 7, 2024 4:04pm
Quoting aahmad29
{quote} February 07, 2024 XAUUSD How to Use FIBO Volatility levels? Here is full detail with chart and pending orders. On the chart, there are two lines. Blue and Pink. Price levels on blue line are for Buy Stop order. Price levels on pink line are for Sell Stop order. Blue line (Buy Stop order) start at the level of 0.236 ( you can check the price tag of each level on the chart). Pink line (Sell Stop Order) start at the level of 0.236 ( you can check the price tag of each level on the chart). Area between Blue line 0.236 and Pink line 0.236 is...
Buy Stop triggered and hit both TP1 and TP2

Sell Stop triggered and hit SL.
Love for all; Hatred for none.
  • #26,557
  • Feb 7, 2024 4:06pm Feb 7, 2024 4:06pm
Quoting aahmad29
{quote} Buy Stop triggered and hit both TP1 and TP2 Sell Stop triggered and hit SL.
February 08, 2024
XAUUSD
How to Use FIBO Volatility levels?
Here is full detail with chart and pending orders.
On the chart, there are two lines. Blue and Pink.
Price levels on blue line are for Buy Stop order.
Price levels on pink line are for Sell Stop order.
Blue line (Buy Stop order) start at the level of 0.236 ( you can check the price tag of each level on the chart).
Pink line (Sell Stop Order) start at the level of 0.236 ( you can check the price tag of each level on the chart).
Area between Blue line 0.236 and Pink line 0.236 is no trade zone.
Today’s positions are here based on opening price 2020.64.
Buy Stop 0.236 TP1 0.5(BE) TP2 0.618 SL Sell Side 0.382
Sell Stop 0.236 TP1 0.5(BE) TP2 0.618 SL Sell Side 0.382

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Love for all; Hatred for none.
  • #26,558
  • Feb 8, 2024 12:17am Feb 8, 2024 12:17am
waiting 2030 signal to next signal 2019/14 play today most possible ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #26,559
  • Feb 8, 2024 1:49am Feb 8, 2024 1:49am
Quoting fontu
waiting 2030 signal to next signal 2019/14 play today most possible ! take care {image}
I am in the same bot. Even I am selling EU,GU and AU alongwith. I may be wrong.Trade safe
  • #26,560
  • Feb 8, 2024 1:58am Feb 8, 2024 1:58am
Quoting parveenverma
{quote} I am in the same bot. Even I am selling EU,GU and AU alongwith. I may be wrong.Trade safe
ok . may scalp without good signals . for safety waiting for for at least h1 close below 2030.60
Not understand?better not follow my analyses!doubt clearer first, risks ++
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