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  • #47,261
  • Oct 17, 2024 8:56am Oct 17, 2024 8:56am
Quoting azhantahir
BÁN VÀNG DƯỚI 2683 SL HIỆN TẠI HH. TP MỞ {image}
I also sell but sell in the 2737-2747 area, the target is pending, it could be wrong
  • #47,262
  • Oct 17, 2024 8:57am Oct 17, 2024 8:57am
There should be an intermediary top in like 55 mins - 15.50 GMT at 2697-2699 or so.

After that a fall, and then the real top.

Let's see if I am right...
  • #47,263
  • Oct 17, 2024 8:58am Oct 17, 2024 8:58am
Quoting HalikiqeoVN
{quote} I also sell but sell in the 2737-2747 area, the target is pending, it could be wrong

That is a little bit far... I say 2712-2715 is the max it will go this week.
  • #47,264
  • Oct 17, 2024 8:59am Oct 17, 2024 8:59am
I'm out. Lost nearly £9k shorting. Good luck to all
  • #47,265
  • Oct 17, 2024 9:00am Oct 17, 2024 9:00am
Quoting NrSLionHeart
{quote} We just made the absolute top for gold 5 minutes ago. It will go up more!! But if you have the funds to absorb losses, yes, you can start going short!
I disagree otherwise I wouldn't be short.

Its a lot harder to have conviction on your own, but hey, here I am

Gl mate.

2692 if it comes, it takes me and I look to re-enter. I am mildly on the edge of my seat.
Que Sera
  • #47,266
  • Oct 17, 2024 9:01am Oct 17, 2024 9:01am
Quoting Haks
I'm out. Lost nearly £9k shorting. Good luck to all

Real money??
  • #47,267
  • Oct 17, 2024 9:05am Oct 17, 2024 9:05am
Quoting NrSLionHeart
{quote} Real money??
Yes, shorted from 2650 on tuesday and then opened more along the way (2654, 2655, and 2656) hoping for a retracement/pullback.

Back to the drawing board for me. Extremely gutted
  • #47,268
  • Oct 17, 2024 9:06am Oct 17, 2024 9:06am
Quoting Haks
{quote} Yes, shorted from 2650 on tuesday and then opened more along the way (2654, 2655, and 2656) hoping for a retracement/pullback. Back to the drawing board for me. Extremely gutted
can only try … this just keeps going up no decent correction just keeps getting pumped with steroids until all shorts r burnt then the drop
  • #47,269
  • Oct 17, 2024 9:07am Oct 17, 2024 9:07am
Was hoping for a bit more significant breakout
  • #47,270
  • Oct 17, 2024 9:11am Oct 17, 2024 9:11am
Quoting Interesting0
{quote} can only try … this just keeps going up no decent correction just keeps getting pumped with steroids until all shorts r burnt then the drop
Yes, I've also noticed lately that even when data comes in positive for the dollar, it doesn't seem to affect gold. And even when it does drop, it rises almost immediately. Just too strong lately. But I guess, there are other factors in play apart from the dollar. Middle east tension, imminent rate cuts, etc.
  • #47,271
  • Oct 17, 2024 9:12am Oct 17, 2024 9:12am
Quoting Haks
{quote} Yes, shorted from 2650 on tuesday and then opened more along the way (2654, 2655, and 2656) hoping for a retracement/pullback. Back to the drawing board for me. Extremely gutted

I am with you on that!!! I lost 4.5k like 2 months ago doing basically the same thing. Martingales work until they don't.

Also gold has this 100 USD moves without any retracement, so you should always consider that.

Maybe study some alternative strategies to martingales?
  • #47,272
  • Oct 17, 2024 9:13am Oct 17, 2024 9:13am
This is either going to fly or crash
  • #47,273
  • Oct 17, 2024 9:13am Oct 17, 2024 9:13am
Quoting Techknow
Price has finally reached a price I will start to really consider shorts. As previously mentioned I would be prepared to add into Gold up into the high 26XX and looking for as high as lower 27xx. Any extension can take us much higher, But now is just now gettin to the point to start looking for correction, anything prior to this was way to soon. {image}
Once 27xx (2706-2726) is touched I will start to look for proper short positions. Good luck.
TechKnow
  • #47,274
  • Oct 17, 2024 9:16am Oct 17, 2024 9:16am
gold is just moving like a memecoin now
  • #47,275
  • Oct 17, 2024 9:16am Oct 17, 2024 9:16am
Quoting Haks
I'm out. Lost nearly £9k shorting. Good luck to all
Bro. I never dared to touch gold yet, don't force the trade until its a little clearer.
The market hides a perfect geometry.
  • #47,276
  • Oct 17, 2024 9:16am Oct 17, 2024 9:16am
Quoting NrSLionHeart
{quote} I am with you on that!!! I lost 4.5k like 2 months ago doing basically the same thing. Martingales work until they don't. Also gold has this 100 USD moves without any retracement, so you should always consider that. Maybe study some alternative strategies to martingales?
It's crazy but I don't believe I lost due to martingales. I believe its simply due to me not having a stop-loss in place.

Literally went against my risk management rules. Feel like shit.
  • #47,277
  • Oct 17, 2024 9:17am Oct 17, 2024 9:17am
Quoting Haks
I'm out. Lost nearly £9k shorting. Good luck to all
damn, losing £££ is so painful
  • #47,278
  • Oct 17, 2024 9:17am Oct 17, 2024 9:17am
Quoting Haks
{quote} Yes, shorted from 2650 on tuesday and then opened more along the way (2654, 2655, and 2656) hoping for a retracement/pullback. Back to the drawing board for me. Extremely gutted
Sorry to read this.
Hope you will be back (pretty) soon.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #47,279
  • Oct 17, 2024 9:18am Oct 17, 2024 9:18am
Quoting Haks
{quote} Yes, I've also noticed lately that even when data comes in positive for the dollar, it doesn't seem to affect gold. And even when it does drop, it rises almost immediately. Just too strong lately. But I guess, there are other factors in play apart from the dollar. Middle east tension, imminent rate cuts, etc.
rate cuts are probably priced in ages ago we should be at -40% rates at current prices, Middle East also minor Israel Iran etc been going on for decades nothings changed to change the global game. All this just n excuse to take it higher… I don’t know maybe banks pumping up their reserve value by pumping gold in readiness of conversion to loans. Current geo politics or state of the economies to me personally has very little correlation this very high price on gold.
  • #47,280
  • Oct 17, 2024 9:18am Oct 17, 2024 9:18am
Quoting Haks
{quote} It's crazy but I don't believe I lost due to martingales. I believe its simply due to me not having a stop-loss in place. Literally went against my risk management rules. Feel like shit.
Always wait for candle to close, that is one of the insurance.
The market hides a perfect geometry.
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