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  • #27,901
  • Edited Mar 7, 2024 12:20am Mar 6, 2024 11:46pm | Edited Mar 7, 2024 12:20am
https://www.forexfactory.com/thread/...4#post14784464

Nobody knows the impact of your current account development on your overall financial situation.
But since you have been voicing great concerns here for 3 days, in my opinion there is only one solution: immediate cut.
Enter future orders via EA only with SL, no hedge until you have learned the basics.
wish you all the best
  • #27,902
  • Mar 7, 2024 12:42am Mar 7, 2024 12:42am
8th March effect can be started from 2155 - 2160 price area...
I'm not always right.. I'm not always wrong neither
  • #27,903
  • Mar 7, 2024 12:55am Mar 7, 2024 12:55am
2144 daily low Until this lvl is unbroken I don't think about selling
Day by day we have higher high and higher low on daily basis.
  • #27,904
  • Mar 7, 2024 1:37am Mar 7, 2024 1:37am
New highs incoming today, expecting 2170 levels
  • #27,905
  • Mar 7, 2024 2:02am Mar 7, 2024 2:02am
Quoting Isabella_D
https://www.forexfactory.com/thread/...4#post14784464 Nobody knows the impact of your current account development on your overall financial situation. But since you have been voicing great concerns here for 3 days, in my opinion there is only one solution: immediate cut. Enter future orders via EA only with SL, no hedge until you have learned the basics. wish you all the best
DONE! thanks
hope I will not regret
  • #27,906
  • Mar 7, 2024 2:09am Mar 7, 2024 2:09am
Quoting Zaatar
{quote} DONE! thanks hope I will not regret
If you let yourself you will regret it either way. Do not let yourself regret it. If it goes down, it
doesn't matter the trade was a loss; if it goes up, it doesn't matter trade was a loss. Put it out of your mind before you trade again. Cheers bud
TechKnow
  • #27,907
  • Mar 7, 2024 2:10am Mar 7, 2024 2:10am
Powell's hinting at a possible rate cut later this year, but it's all hinging on how the economy's doing. Basically, if the economy starts picking up, they might ease up on the interest rates. But here's the thing: just because they're thinking of cutting rates doesn't automatically mean you should bet against gold, aka shorting it. Usually, lower interest rates can weaken the dollar, and that's typically good news for gold prices – they often move in opposite directions. But it's not just black and white. There are a ton of factors at play, like global economic conditions, investor sentiment, and market volatility. So, deciding to short gold based on this one bit of news? It's a bit like trying to predict the weather a month from now. we've got some clues, but there's still a lot of guesswork involved.
| Trading Edge | RR | Psychology | Persistence | Fortune | Prosperity |
  • #27,908
  • Mar 7, 2024 2:11am Mar 7, 2024 2:11am
Absolutely, the market is always full of surprises. Predicting it is tricky because anything could happen at any moment. The whole point of the market is to bring together buyers and sellers, and they're everywhere with their orders. We might notice prices swinging this way and that, but in the end, a trend is just that – a trend, until it suddenly isn't anymore.
| Trading Edge | RR | Psychology | Persistence | Fortune | Prosperity |
  • #27,909
  • Mar 7, 2024 2:15am Mar 7, 2024 2:15am
Quoting jiddifx
Absolutely, the market is always full of surprises. Predicting it is tricky because anything could happen at any moment. The whole point of the market is to bring together buyers and sellers, and they're everywhere with their orders. We might notice prices swinging this way and that, but in the end, a trend is just that – a trend, until it suddenly isn't anymore.

Thats why its best to wait for certain closure. Price action candles on a bigger timeframe. So u can see a clearer direction. But looking at 3 days candle, last week candle closure and last month closure. It is still risky best to just watch and wait
Trading is very lonely
  • #27,910
  • Mar 7, 2024 2:20am Mar 7, 2024 2:20am
Quoting luckytujuh
{quote} Thats why its best to wait for certain closure. Price action candles on a bigger timeframe. So u can see a clearer direction. But looking at 3 days candle, last week candle closure and last month closure. It is still risky best to just watch and wait
It's quite possible that gold is currently overvalued. It's seen an almost 6% increase in just a week, so thinking about a potential correction might be wise.
| Trading Edge | RR | Psychology | Persistence | Fortune | Prosperity |
  • #27,911
  • Mar 7, 2024 2:24am Mar 7, 2024 2:24am
Quoting jiddifx
{quote} It's quite possible that gold is currently overvalued. It's seen an almost 6% increase in just a week, so thinking about a potential correction might be wise.
In my opinion sell off is imminent. NFP tomorrow which is expected to show strong us economy and delay rate cuts.

but then again I’m down a lot so I’m probabaly biased
  • #27,912
  • Mar 7, 2024 2:28am Mar 7, 2024 2:28am
https://www.forexfactory.com/thread/...4#post14784814
I'm very relieved. Even if gold falls like a stone now, you've done it totally right.
Lucky and other have already told you: your opportunities will come.
You should act strictly rule-based after a rest break to see how SL works. Systems like Support/Resistance, Fibo, Boli, MA are helpful. Only enter with a small pose if... always enter and exit via EA.
Pay attention to the risk/win ratio, Candy shows it every day.
Look around at cpfleger, see what navk does, very small risks.
See you again, well recovered.
  • #27,913
  • Mar 7, 2024 2:33am Mar 7, 2024 2:33am
With NFP tomorrow and Gold sitting on the cusp of closing at all-time highs or not, if you do not have the stomach for it, I would not be in the market during the news. There will surely be fireworks. I will just scalp around rather than suffer through the inevitable whipsaw that will be gold tomorrow. I do have my bias, but I usually like to enter the market about 30 minutes to an hour after the news for clear direction. Next week will be nice because will have some fresh analysis after NFP clears up this ATH or not.
TechKnow
  • #27,914
  • Mar 7, 2024 2:37am Mar 7, 2024 2:37am
For me, when looking at the market, the high level of debt is a central point.
By allowing increasing liquidity, the regulation of the market via rates is reduced to absurdity.
The Fed knows this, but the fleas are almost impossible to catch anymore.
  • #27,915
  • Mar 7, 2024 2:37am Mar 7, 2024 2:37am
Quoting Techknow
With NFP tomorrow and Gold sitting on the cusp of closing at all-time highs or not, if you do not have the stomach for it, I would not be in the market during the news. There will surely be fireworks. I will just scalp around rather than suffer through the inevitable whipsaw that will be gold tomorrow. I do have my bias, but I usually like to enter the market about 30 minutes to an hour after the news for clear direction. Next week will be nice because will have some fresh analysis after NFP clears up this ATH or not.

May I know what are your thoughts on NFP tomorrow?? I feel it might go down on NFP until around 2090?
  • #27,916
  • Mar 7, 2024 2:41am Mar 7, 2024 2:41am
READ the SIGNS

https://www.forexfactory.com/thread/...7#post14755257

Spot on
  • #27,917
  • Mar 7, 2024 2:44am Mar 7, 2024 2:44am
Quoting Techknow
With NFP tomorrow and Gold sitting on the cusp of closing at all-time highs or not, if you do not have the stomach for it, I would not be in the market during the news. There will surely be fireworks. I will just scalp around rather than suffer through the inevitable whipsaw that will be gold tomorrow. I do have my bias, but I usually like to enter the market about 30 minutes to an hour after the news for clear direction. Next week will be nice because will have some fresh analysis after NFP clears up this ATH or not.
hi,can you share your thought on gold for tomorrow NFP? would like to know since right now, I am totally bullish for gold but anything could happened tomorrow NFP. thanks.
  • #27,918
  • Mar 7, 2024 3:07am Mar 7, 2024 3:07am
Quoting NextElliott
8th March effect can be started from 2155 - 2160 price area...
you are targeting 2050 till tommarow?
People don't plan to lose. They lose because they don't plan.
  • #27,919
  • Mar 7, 2024 3:07am Mar 7, 2024 3:07am
Quoting Gintak88
{quote} hi,can you share your thought on gold for tomorrow NFP? would like to know since right now, I am totally bullish for gold but anything could happened tomorrow NFP. thanks.
Stong economic data = delayed rate cuts = bad for gold (theoretically)
  • #27,920
  • Mar 7, 2024 3:53am Mar 7, 2024 3:53am
Quoting Gintak88
{quote} hi,can you share your thought on gold for tomorrow NFP? would like to know since right now, I am totally bullish for gold but anything could happened tomorrow NFP. thanks.
It's election year, so you can expect good NFP numbers one way or another. US news is tricky because good news can be bad for the dollar. It just depends on which type of market we are in. However, I would expect good numbers. I would also expect whipsaw in Gold as per usual in these times.

Look around. You have a lot of people holding a lot of conviction on either side. Gold is about to commit to a new trend or a long-term continuation of a current trend. Let it make up its mind and let the market come to you. Unless you are already in the market, nobody should actually trade the news. Meanwhile just scalping longs on gold and playing around with more developed trades in other instruments.
TechKnow
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