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  • #42,881
  • Sep 15, 2024 5:40am Sep 15, 2024 5:40am
I make no predictions either how far the price could go or how far the price could first drop.
From H4 to M5 you can find various support or demand zones. However, there is one fundamental thing very simple.
The Weekly candle in a rising trend must spike below. If you find the low and the trend continues to rise you can go long for most of the week.
Don't forget to check the Daily candle every day.
The reasoning is the same.
  • #42,882
  • Sep 15, 2024 5:44am Sep 15, 2024 5:44am
These are my htf key zones for this week. Its hard for me to predict the effects of fomc on the gold but I think that if the price drops to 2530 levels before fomc, I don't expect a clean reaction from the obvious S/R flip zone we may see wicks lower. apart, if it goes above 2600 before fomc my hands would be itching to open shortss
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BUZZ
  • #42,883
  • Sep 15, 2024 10:13am Sep 15, 2024 10:13am
Quoting Silver-King
Hidden
Thanks for the interesting video, will be watching it soon.

I hope for everyone's sake that Gold will experience the "September curse" soon, as we have only two weeks left of this month, and don't see it yet.

I am sure everyone will find it more satisfying to see this shit drop like a stone, than taking a risk of buying near the potential top.
"Who Dares Wins"
  • #42,884
  • Sep 15, 2024 11:31am Sep 15, 2024 11:31am
Quoting profits7
{image}
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Don’t focus on making $$$, focus on protecting what you have.
  • #42,885
  • Edited 4:50pm Sep 15, 2024 2:51pm | Edited 4:50pm
Quoting Tintin2014
Gold is in beast mode with strong upward momentum. Next week, we could see it go above 2600+. Even if the actual price should not 2600, there's a high probability it will attempt to test that psychological level. Gold may touch 2572 or 2550 before rallying again. But i think after 2572 touch it will start to move up again. {image}
Likely , the wave c or 3 just started , may next support 2560 and overall limit 2528 for 2600 plus move. Next may correct just below 2560 to restart up strong possible ! No easy breaks 2528 having 62$ accumulation
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #42,886
  • Sep 15, 2024 5:33pm Sep 15, 2024 5:33pm
Hello traders, Imo I think we will see a small retracement to 2563 and a continuation up towards 2600 and maybe even 2628 according to fib. I believe if we fall below 2563 we are likely to fall to the previous all time high at 2528/9 and look for support there. But having said that with lots of red folder news and the big FOMC anything could happen. Just my thought for the coming week/s

Any thoughts? Agree or disagree , I'm curious to here everyone's thoughts in this new uncharted area for gold.

Good trading to everyone
  • #42,887
  • Sep 15, 2024 6:56pm Sep 15, 2024 6:56pm
i got stopped out by one pip and lost 1500 real dollars...but I'm gonna continue shorting cause gold shud see see 2530 this week since there was no reason for the breakout thursday since ppi came in hot so corps can continue to price gouge Americans... the pump up from Thursday will all get retraced cause was done to screw bears like me
short trump and go long the deepstate
  • #42,888
  • Sep 16, 2024 12:24am Sep 16, 2024 12:24am
Since Sept 10 it has been going up.
There is no change in behavior now.
I don't see any reason to short other than risky intraday counter trend adventures.
  • #42,889
  • Sep 16, 2024 12:28am Sep 16, 2024 12:28am
Quoting Js3mwtRc
Probably this leg up is going to 2583 +/- but I need to see a correction!
For now gold is trending up but we might see a correction around here as the main target I shared in my previous post has been hitted. 2530 is a good area to watch for longs. Have a great week ahead!
Looking for profitable short term trades ...|
  • #42,890
  • Sep 16, 2024 12:32am Sep 16, 2024 12:32am
if you want to go for shorting. wait on Tuesday, after the red news. There will be a possible start of bearish momentum, for now, it will attempts to go to 2600's price or a little bit higher, playing from the range 2580's to 2610's, based on the price action.
  • #42,891
  • Sep 16, 2024 12:36am Sep 16, 2024 12:36am
Quoting OutThere
Since Sept 10 it has been going up. There is no change in behavior now. I don't see any reason to short other than risky intraday counter trend adventures.
i think more likely Oct 9 2023
  • #42,892
  • Sep 16, 2024 12:52am Sep 16, 2024 12:52am
Price will go little lower to take new buyers.
price will pass 2600 this week in my opinion because its just psychological game now.

im not buying anyway this week.
  • #42,893
  • Edited 2:34am Sep 16, 2024 12:56am | Edited 2:34am
Short at 2588.30
Sl : 2592.30
Tp : 2583.30(may close manually )(tp hit)
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  • #42,894
  • Sep 16, 2024 1:00am Sep 16, 2024 1:00am
Quoting Zebi
i got stopped out by one pip and lost 1500 real dollars...but I'm gonna continue shorting cause gold shud see see 2530 this week since there was no reason for the breakout thursday since ppi came in hot so corps can continue to price gouge Americans... the pump up from Thursday will all get retraced cause was done to screw bears like me
as long as you get the money back a loss does not matter at all...
Forex Trader | IT Infrastructure Specialist | Trading Insights & Analys
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  • #42,895
  • Sep 16, 2024 1:12am Sep 16, 2024 1:12am
Price might keep hunting stops all week long.

Funny thing is the retracement to buy at support might never come, it could quite possibly keep ranging to the top side like this shaking out most retail traders.

Id like to wait for the daily close after feds to take a trade as well but itchy hands make it hard lol

Trade safe guys and use a stop or you will blow your account, good luck yall major week ahead!

Remember, mind > matter
  • #42,896
  • Sep 16, 2024 1:28am Sep 16, 2024 1:28am
Quoting d1zzy
Price might keep hunting stops all week long. Funny thing is the retracement to buy at support might never come, it could quite possibly keep ranging to the top side like this shaking out most retail traders. Id like to wait for the daily close after feds to take a trade as well but itchy hands make it hard lol Trade safe guys and use a stop or you will blow your account, good luck yall major week ahead! Remember, mind > matter
Do you have milestones or a methodical approach? Or how do you approach the market? Do you use charts?
  • #42,897
  • Sep 16, 2024 1:34am Sep 16, 2024 1:34am
Quoting Isabella_D
{quote} Do you have milestones or a methodical approach? Or how do you approach the market? Do you use charts?
More of a methodical approach, take trades as they come in my system no real profit targets as such just TP to the nearest liquidity on higher timeframes. Recently I learnt that I should have a % target per day to be more sustainable in the long term.

Of course I use charts! Price action, demand supply zones, CRT, a few ICT principles like PO3 and London/ny kill zones along with fib tool for entries and exits!
  • #42,898
  • Sep 16, 2024 1:46am Sep 16, 2024 1:46am
Zero gravity has been achieved ...by a metal.


Does 'up, up and away' song work as a soundtrack?

ps, I'm not in gold. Just watching.

Inserted Video
  • #42,899
  • Sep 16, 2024 1:48am Sep 16, 2024 1:48am
Same as last week.
Pullback should start.
We watch the charts from every angle so you don't have to!!
  • #42,900
  • Sep 16, 2024 2:03am Sep 16, 2024 2:03am
Levels I'm watching this week are:

  1. 2595
  2. 2616 (EDIT: This is my preferred level as it balances some geometry perfectly)

If price starts to decline from either I'll be going short - but I WAIT for confirmation to be as certain as certain can be - If price doesn't respect those levels, I'll reassess

Remember the WEEKLY RSI is BEARISH divergence - at some point price is going to move in such a way to appease that divergence - it could fall or go sideways on the WEEKLY TF

Have a stonking week

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