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New Cable Thread & Other Pairs

  • #4,881
  • May 20, 2024 2:55am May 20, 2024 2:55am
Quoting pedro319
{quote} I am looking to buy at 1.0786 and 1.0740. In the meantime do the same I have been doing... sell sell against those to resistances.
Sir, don't you think that 1.0786 would be a break of structure? Indicating a bearish reversal?
  • #4,882
  • May 20, 2024 3:02am May 20, 2024 3:02am
Quoting chacho.fx
{quote} Sir, don't you think that 1.0786 would be a break of structure? Indicating a bearish reversal?
I have a good chance at bounce and moving stops from those levels in case what you say happens.
In my system all timeframes are now officially bullish, ofc it does not mean much if price just collapses but it's an indication nevertheless.
H4 inverse H&S forming.
We watch the charts from every angle so you don't have to!!
  • #4,883
  • May 20, 2024 3:09am May 20, 2024 3:09am
Quoting pedro319
{quote} I have a good chance at bounce and moving stops from those levels in case what you say happens. In my system all timeframes are now officially bullish, ofc it does not mean much if price just collapses but it's an indication nevertheless. H4 inverse H&S forming.
Hi bro, if i may ask, what is your possible highest target for this bull for both EU and GU ?
  • #4,884
  • May 20, 2024 3:13am May 20, 2024 3:13am
Quoting hans91
{quote} Hi bro, if i may ask, what is your possible highest target for this bull for both EU and GU ?
EU
1.0950 and 1.10 for now. .Possible challenge of 1.14 but I have to wait for monthly candle to close to add credence to this target.

GU
1.2815 is very likely, if we break triangle on W1, then much more.
We watch the charts from every angle so you don't have to!!
  • #4,885
  • May 20, 2024 3:14am May 20, 2024 3:14am
Quoting minhtri
{image}
I am proud because I found your 2474 resistance. Last swing 1.618 fib extension
Regarding Iran, I remember to 12th April, when Iran prepared to attach Israel (it was a Friday and on the weekend that happened) and the Gold had a rally of 100 pips on Friday. 100 pips for gold is extremely strong move! It is not a currency pair.
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  • #4,886
  • May 20, 2024 3:23am May 20, 2024 3:23am
Quoting pedro319
{quote} I am looking to buy at 1.0786 and 1.0740. In the meantime do the same I have been doing... sell sell against those to resistances.
That would be really deep PB, I'm looking more higher for now(short term buy) maybe Asia L- 8616 (my tp1), 8582-8544, if valid,
'In the clearing stands a boxer And a fighter by his trade..'
  • #4,887
  • May 20, 2024 3:25am May 20, 2024 3:25am
Quoting Mihisti
{quote} I am proud because I found your 2474 resistance. Last swing 1.618 fib extension Regarding Iran, I remember to 12th April, when Iran prepared to attach Israel (it was a Friday and on the weekend that happened) and the Gold had a rally of 100 pips on Friday. 100 pips for gold is extremely strong move! It is not a currency pair. {image}
This is the time where the technicals may not help a lot estimating the moves.
Best thing is to wait for a significant pullback before buying, also I will not try to short Gold, not once.
We watch the charts from every angle so you don't have to!!
  • #4,888
  • May 20, 2024 3:28am May 20, 2024 3:28am
Quoting GOR
{quote} That would be really deep PB, I'm looking more higher for now(short term buy) maybe Asia L- 8616 (my tp1), 8582-8544, if valid,
We are bouncing off D1 levels so a 100 pip drop is ok, even in this slow motion fashion!
We watch the charts from every angle so you don't have to!!
  • #4,889
  • May 20, 2024 3:45am May 20, 2024 3:45am
EU .. Seems like more and more retail turning bullish... meanwhile, ECB rate cut promised and coming in June. Y'all are staring at the lines too much
  • #4,890
  • May 20, 2024 4:12am May 20, 2024 4:12am
Quoting Luxyus
bulls run to regain yearly open 1.2731 and more likely an extended high of the week @1.2786 [ 0.75 of fib projection] expected till wed CPI release of UK. {image}
path is alreasy signed, everything below figure 1.27 is a good long opportunity, actually no further cluster to mitigate under it even if i d like to place some orders on 1.2680.
meanwhile scalped the hourly candle.
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chaos is just unknown order
  • #4,891
  • May 20, 2024 5:05am May 20, 2024 5:05am
Gold seems to have frozen the dollar, a DXY breakout is needed for something to move, maybe NY,
Attached Image (click to enlarge)
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'In the clearing stands a boxer And a fighter by his trade..'
  • #4,892
  • May 20, 2024 5:31am May 20, 2024 5:31am
The yearly CPI comes out at on Wednesday 9:00 AM (UTC+3) and is expected to drop from 3.2% to 2.1%
If this happens or even close, most likely we will see BOE cutting next meeting/s.
...I Bet You Ain't Never Seen A Donkey Fly!
  • #4,893
  • May 20, 2024 6:19am May 20, 2024 6:19am
Quoting pedro319
EU Same. 1.0886 and 1.09 resistances. Can't see it going much further without a pullback. Gold Closest target 2473, price in overbought M1 and D1, not good enough to sell and dangerous to buy now. Waiting pullback. GU Looking to complete Bfly sell on D1 at 1.2813, possibly buy at 1.2630.
still share the same sentiment on EU we need a good pullback to go up
Scalping
  • #4,894
  • May 20, 2024 6:28am May 20, 2024 6:28am
Quoting stringfx
Dear traders, new to this thread, here is my humble approach to Elliott wave on Gold. My TP on gold has hit at 38.2 of this rally (2416). this could be the 1st wave of a 5th larger rally. Now expecting a retrace to 50% at 2347. Since gold is extremely bullish, there is a good possibility that gold will extend to 61.8 to 2445 before a retrace. if it extends, then we have to wait for the momentum to shift downwards for a minor wave 2. check the chart for details. {image}
Gold has hit the 61.8 which seems perfect as this is a normal target for wave 5 of bigger wave 1. Now we need to wait to see if any lower support breaks to get a-b-c correction to the downside for a wave 2 of wave 1 or will it extend further. if gold breaks 61.8 convincingly, then another extension is possible as commodities extend a lot in the final wave. so, wait before selling, i would suggest waiting for a (minor 5 waves down as A) and a (3 wave retrace as B,) then we can sell 5 waves down for C. Selling blindly in a bull market will only end up losing it all.
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STING
  • #4,895
  • May 20, 2024 6:36am May 20, 2024 6:36am
Quoting GOR
{quote} That would be really deep PB, I'm looking more higher for now(short term buy) maybe Asia L- 8616 (my tp1), 8582-8544, if valid,
TP1 finally, before NY,
New game,
'In the clearing stands a boxer And a fighter by his trade..'
  • #4,896
  • May 20, 2024 7:05am May 20, 2024 7:05am
Gold
2419 and 2400 for short term bounce.
We watch the charts from every angle so you don't have to!!
  • #4,897
  • May 20, 2024 7:18am May 20, 2024 7:18am
DXY
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  • #4,898
  • May 20, 2024 7:22am May 20, 2024 7:22am
Quoting GOR
{quote} TP1 finally, before NY, New game,
TP, looks like I'm done for today, now it can move both ways,
'In the clearing stands a boxer And a fighter by his trade..'
  • #4,899
  • May 20, 2024 7:35am May 20, 2024 7:35am
Quoting Mihisti
{quote} I am proud because I found your 2474 resistance. Last swing 1.618 fib extension Regarding Iran, I remember to 12th April, when Iran prepared to attach Israel (it was a Friday and on the weekend that happened) and the Gold had a rally of 100 pips on Friday. 100 pips for gold is extremely strong move! It is not a currency pair. {image}
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  • #4,900
  • May 20, 2024 7:48am May 20, 2024 7:48am
Quoting pedro319
Gold 2419 and 2400 for short term bounce.
2400 fair bounce.
I only follow traders with IQ above 160
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