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Gold

I'll try some scalping long from 2480. SL at 2474
Monthly Support for the Gold is at 2290$ and 2340$ for October.

I just want to say good luck to the folks that will be trying to catch retracements while the price tanks.
2498$ is the price to take profit at if you're Long in my opinion and then we're going down again.
2503$ as well. I don't expect a cent higher than that.
Quoting Silver-King
Monthly Support for the Gold is at 2290$ and 2340$ for October. I just want to say good luck to the folks that will be trying to catch retracements while the price tanks.
Once it breaks 2450 I'll be more convinced. I have been waiting for the price tanking for MONTHS. However I did mention a few pages back Gold should be bearish October. The thing is.... It's not October Yet. I do like the Rejections up top, but I just don't want to open shorts until 2450 becomes resistance. Once again thank you for your analyses in the message I sent you boss.
Trading Is Hard. It Reveals Your Weaknesses. That's Why I Love It.
Quoting Fxgfitking
{quote} Once it breaks 2450 I'll be more convinced. I have been waiting for the price tanking for MONTHS. However I did mentione a few pages back Gold should be bearish October. The thing is.... It's not October Yet. I do like the Rejections up top, but I just don't want to open shorts until 2450 becomes resistance. Once again thank you for your analyses in the message I sent you boss.
Sure. Below 2450$ will be more convincing and especially if Weekly closes below 2425$ (next Weekly candle). Then we're 99% going way below 2400$ to the targets already mentioned on this thread by many. No problem, thank you!
Long at 2491. Holding for 3 weeks
What a discount, buy 2490 will add everything lower
People don't plan to lose. They lose because they don't plan.
Quoting Silver-King
{quote} Sure. Below 2450$ will be more convincing and especially if Weekly closes below 2425$ (next Weekly candle). Then we're 99% going way below 2400$ to the targets already mentioned on this thread by many. No problem, thank you!
A newbie like me trying to understand what I'm doing here... where to start studying? price action and trend? along with fibo?
Quoting Dds754
{quote} A newbie like me trying to understand what I'm doing here... where to start studying? price action and trend? along with fibo?
ask pedro in private for some books because i'm sure he has or follow him on FF and Twitter
i have a secreeeet
Quoting Dds754
{quote} A newbie like me trying to understand what I'm doing here... where to start studying? price action and trend? along with fibo?
Don't blindly follow anyone lol.

With gold you need to understand your fundamentals first, market manipulation and the most important thing LIQUIDITY

How you trade to that liquidity is upto you, trend, PA, fib, pick whatever
Fate goes ever, as fate must.
Quoting dilidanjaro
{quote} ask pedro in private for some books because i'm sure he has or follow him on FF and Twitter
I wanted to be able to use Twitter, but it was banned here in Brazil and we can't use VPN... well, I'll study price action first. One thing at a time, until a few hours ago I didn't even know what NFP was. By the way, I don't understand English, I'm translating everything you say, just to see if I can learn something.
Quoting Dds754
{quote} A newbie like me trying to understand what I'm doing here... where to start studying? price action and trend? along with fibo?
Hey!

Honestly... I don't think I can help you a whole lot. My strategy is waiting for Resistance or Support levels on H4, D1, W1 and MN and then opening orders.
I often get a good starting position (entry) at first and then have the time to re-evaluate and get out of positions if I judge it to be the correct decision and if the entry is wrong I make sure I'm out of those trades the sooner the better.

I also don't want to give you a normal response, because it rarely does the job for someone due to being so generic.

I believe in only one thing. You need a good system that you know how it works and why it works like that and the system that has earned your trust. You need something you can rely on.

This is my philosphy... other people will give you their own opinion which are probably going to be more fruitful.
Quoting Dds754
{quote} I wanted to be able to use Twitter, but it was banned here in Brazil and we can't use VPN... well, I'll study price action first. One thing at a time, until a few hours ago I didn't even know what NFP was. By the way, I don't understand English, I'm translating everything you say, just to see if I can learn something.
Your english is actually very good.
BitCoin hit Weekly Support at 53200$. Looks like a good price to try some Longs. If it fails, next Support is at 44500$.
Quoting Silver-King
BitCoin hit Weekly Support at 53200$. Looks like a good price to try some Longs. If it fails, next Support is at 44500$.
Mate, your Silver input is welcome, but don't mix it up too much
Quoting Dayi
{quote} Mate, your Silver input is welcome, but don't mix it up too much
I don't know why I'm even on this forum actually... it's not like anyone here trades Silver... hmm. I'm gonna create a Silver thread this week.
I’m listening.
it’s all good when there’s mention of some correlation to gold
Quoting Silver-King
{quote} I don't know why I'm even on this forum actually... it's not like anyone here trades Silver... hmm. I'm gonna create a Silver thread this week.
As I said, your Silver comments are ok. And for that, you got a wild card from Gold members here....but no need for other assets to discuss here. There are general trading Threads here, but you better stay here...as nowhere else you will be entertained like here...trust me, I'm a silent member normally for years now...and this account is not even my first at FF...
Just keep focus on Gold and for you only a bit Silver
Quoting Silver-King
{quote} I don't know why I'm even on this forum actually... it's not like anyone here trades Silver... hmm. I'm gonna create a Silver thread this week.

is there an advantage of trading silver instead of Gold?
Quoting Eren10
{quote} is there an advantage of trading silver instead of Gold?
Nope, most of the time same trend, just with a leverage against Gold. But for momentum trades quite helpful...for example if Gold runs away without Silver, it's often short lived...if you trader small time frames or scalp than it really helps.
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