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  • #28,181
  • Mar 9, 2024 6:57pm Mar 9, 2024 6:57pm
Quoting zauha4
{quote} maybe will be the higher price for this year?...any TA can support your statement sir?.. really appricate for your view...
I think around 2231 level will be used for creating bull trap... Or can be used for stop hunt... I''m in Sell side using my trading strategy...
I'm not always right.. I'm not always wrong neither
  • #28,182
  • Mar 10, 2024 1:38am Mar 10, 2024 1:38am
Now all the eyes focusing on the CPI numbers next Tuesday
  • #28,183
  • Mar 10, 2024 5:12am Mar 10, 2024 5:12am
Quoting NextElliott
{quote} They will stop buying around price level 2231.30
if you think like this why are you short? As you said
“”From coming week Gold will start falling for 2033 - 2026 or more. Weekly closed @ 2178.””
  • #28,184
  • Mar 10, 2024 5:23am Mar 10, 2024 5:23am
Quoting Zaatar
{quote} if you think like this why are you short? As you said “”From coming week Gold will start falling for 2033 - 2026 or more. Weekly closed @ 2178.””
My wish...
I'm not always right.. I'm not always wrong neither
  • #28,185
  • Mar 10, 2024 5:27am Mar 10, 2024 5:27am
Quoting Zaatar
{quote} if you think like this why are you short? As you said “”From coming week Gold will start falling for 2033 - 2026 or more. Weekly closed @ 2178.””

If you feel uneasy about other analysis.
Try this. From my previous post few number which might hit, plus try to practice placing stop loss.
For what you cut last week. I hope it gave u a reminder that it can be avoided but your loss of 70-80% . Maybe u cannot recover it, but try from a new slate. Ignore the losses. Start fresh clean slate, practice risk management. Practice having breakevens when profit take then rather lose. If u get 3% -5% a day with 1k. Even after 30 days trading. You will foresee a good percentage in winnings if u stick to this mindset
Trading is very lonely
  • #28,186
  • Edited 6:21am Mar 10, 2024 5:31am | Edited 6:21am
Quoting H.z
Now all the eyes focusing on the CPI numbers next Tuesday
We hope we'll get a retracement on CPI and that it'll come out higher than expected, yeah.

Gold isn't going below 2000$ anymore it seems, so any retracement now is more than welcome.
  • #28,187
  • Mar 10, 2024 7:12am Mar 10, 2024 7:12am
Quoting Zaatar
{quote} if you think like this why are you short? As you said “”From coming week Gold will start falling for 2033 - 2026 or more. Weekly closed @ 2178.””
I think most of us wishing for a gold retracement, but what makes you believe it’s going down to 2022-2026 area?
  • #28,188
  • Mar 10, 2024 7:14am Mar 10, 2024 7:14am
Quoting Whatevs
{quote} We hope we'll get a retracement on CPI and that it'll come out higher than expected, yeah. Gold isn't going below 2000$ anymore it seems, so any retracement now is more than welcome.
I agree with you no more below 2000, as I said before the main reason behind this spike was from China central bank, let’s hope the Chinese stop buying the gold at these high prices
  • #28,189
  • Mar 10, 2024 7:44am Mar 10, 2024 7:44am
Quoting H.z
{quote} I agree with you no more below 2000, as I said before the main reason behind this spike was from China central bank, let’s hope the Chinese stop buying the gold at these high prices

Fortunately, we dont move the market. For now 2000 seems impossible. But well, we might never know what might happen in the next upcoming few months.
But definitely, tomorrow we need to see whether it will chase back the highs, or instantly drop slowly and start chasing 2156, before deciding a next move.
Trading is very lonely
  • #28,190
  • Mar 10, 2024 7:45am Mar 10, 2024 7:45am
I would expect Gold to make some moves to the 2046 area this week. Perhaps some scenarios we see are an exhaustion gap to open up the week followed buy a fall to get out the rest of the buyers in the market. Or perhaps just a move up to 22xx to get that psychological number printed before we fall. Anything can happen but I will be scaling any upside movement for sells to my target area previously mentioned.

The 2046 really sticks out to me as a first target. If prices come to my target, I will update a new chart for a new move
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2024-03-10_19-46-48.png Size: 31 KB
TechKnow
  • #28,191
  • Mar 10, 2024 8:52am Mar 10, 2024 8:52am
Quoting Elliottway
Entered sell at 2191 stop-loss at 2190 target 2090. Next week market opening time chance to drop hard. Not sure.. but. Happy with my entry..
2060 to 2090 is first target. Buy started from this level.
SURFER
  • #28,192
  • Mar 10, 2024 11:07am Mar 10, 2024 11:07am
https://www.forexfactory.com/thread/...0#post14788630
Lucky
Not a good suggestion after last week's experience to encourage him to achieve a return of 3-5% per day.
An intention to be rejected with the certain result of a total loss.
You are not the traders' wet nurse, but you are not their gravedigger either
  • #28,193
  • Mar 10, 2024 12:58pm Mar 10, 2024 12:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_5476.png Size: 66 KB
  • #28,194
  • Mar 10, 2024 4:17pm Mar 10, 2024 4:17pm
Quoting genadi
{quote} 0.4 lots is small position (of course depends on your personal financial situation) I guess price can reach 2190 and turn down. I doubt that it will touch 2200 on this up move, we should see some retracement.
Ok. So 2200 still not touched. Maybe the retracement before the climb to this zone.
Maybe we can compare it to Bitcoin in 2017-2018.

Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDDaily.png Size: 11 KB


Price retraced a lot before going to the round number.
  • #28,195
  • Mar 10, 2024 4:38pm Mar 10, 2024 4:38pm
We are in uncertainty now.
  • #28,196
  • Mar 10, 2024 5:10pm Mar 10, 2024 5:10pm
Quoting luckytujuh
{quote} If you feel uneasy about other analysis. Try this. From my previous post few number which might hit, plus try to practice placing stop loss. For what you cut last week. I hope it gave u a reminder that it can be avoided but your loss of 70-80% . Maybe u cannot recover it, but try from a new slate. Ignore the losses. Start fresh clean slate, practice risk management. Practice having breakevens when profit take then rather lose. If u get 3% -5% a day with 1k. Even after 30 days trading. You will foresee a good percentage in winnings if u stick...
recently I discovered a very useful tool for those who need to practice trading forex. I m not talking about trading with a demo account. I m talking about the forex simulation software. It s available for MT4 and MT5. Really a wonderful tool if you need to practice and test your trading strategy. Most of you in this forum know it but I really advised it for new forex traders. Good luck
  • #28,197
  • Mar 10, 2024 7:41pm Mar 10, 2024 7:41pm
Quoting Zaatar
{quote} recently I discovered a very useful tool for those who need to practice trading forex. I m not talking about trading with a demo account. I m talking about the forex simulation software. It s available for MT4 and MT5. Really a wonderful tool if you need to practice and test your trading strategy. Most of you in this forum know it but I really advised it for new forex traders. Good luck
What is it??? Please, I need it so badly.
  • #28,198
  • Mar 10, 2024 7:49pm Mar 10, 2024 7:49pm
Quoting Whale
{image}
so it can fly more….
  • #28,199
  • Mar 10, 2024 9:07pm Mar 10, 2024 9:07pm
Quoting Techknow
I would expect Gold to make some moves to the 2046 area this week. Perhaps some scenarios we see are an exhaustion gap to open up the week followed buy a fall to get out the rest of the buyers in the market. Or perhaps just a move up to 22xx to get that psychological number printed before we fall. Anything can happen but I will be scaling any upside movement for sells to my target area previously mentioned. The 2046 really sticks out to me as a first target. If prices come to my target, I will update a new chart for a new move {image}

I managed to get one short in Already and will try to add one somewhere on the way to 2046. I think we can dip a bit lower than that but this is my first target before assessing
TechKnow
  • #28,200
  • Mar 10, 2024 9:13pm Mar 10, 2024 9:13pm
Quoting Blavity01
{quote} What is it??? Please, I need it so badly.
the one I m using is for MT4
Forex Soft4FX Simulator 1.95
Really If you are new forex trader use it
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