Gold | Page 2574 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Attachments: Gold
Exit Attachments

Gold

  • #51,461
  • Nov 13, 2024 9:07am Nov 13, 2024 9:07am
Quoting Haks
{quote} Haha are you still holding???
i am, but purely because the lot size is so small and my profits really don’t take much of a hit even if we hit the 2645 figure being floated. Having this trade in play has really made me focus on the shifts that happen at certain times (Tokyo) and with the inflation data. It’s not all bad
  • #51,462
  • Nov 13, 2024 9:09am Nov 13, 2024 9:09am
Quoting MenyalaBosku
well lets see {image}
update: its hit tp but i dont expected it to go down so far.

cheers guys
Attached Image (click to enlarge)
Click to Enlarge Name: 13112024 ff hit tp.png Size: 24 KB
  • #51,463
  • Nov 13, 2024 9:09am Nov 13, 2024 9:09am
Quoting oliverlee
{quote} i am, but purely because the lot size is so small and my profits really don’t take much of a hit even if we hit the 2645 figure being floated. Having this trade in play has really made me focus on the shifts that happen at certain times (Tokyo) and with the inflation data. It’s not all bad
Glad to hear that you’re taking notes of the patterns.

It seems like the Trump effect is still in play and could last for a while. This isn’t surprising at all. The trend is obviously to the downside so gotta be careful with long positions unless you’re scalping
  • #51,464
  • Nov 13, 2024 9:21am Nov 13, 2024 9:21am
Longs open high risk
  • #51,465
  • Nov 13, 2024 9:21am Nov 13, 2024 9:21am
so how many burned buying the dips? gold can easily fall to 2500 and sub 2400 as well if bitcoin continues to rally. infact any bitcoin rally is negative of gold.
  • #51,466
  • Nov 13, 2024 9:25am Nov 13, 2024 9:25am
Quoting giveachance
so how many burned buying the dips? gold can easily fall to 2500 and sub 2400 as well if bitcoin continues to rally. infact any bitcoin rally is negative of gold.
You are certainly right. We could easily see 24xx in the next few weeks considering how crazy gold has gone up this year. Trumps presidency was probably the nail in the coffin.

Of course there will be days where it will rally but sentiment is certainly to the downside.
  • #51,467
  • Nov 13, 2024 9:27am Nov 13, 2024 9:27am
Quoting giveachance
so how many burned buying the dips? gold can easily fall to 2500 and sub 2400 as well if bitcoin continues to rally. infact any bitcoin rally is negative of gold.
i opened long 2600 target 2632
do you think i will burn my account?
  • #51,468
  • Nov 13, 2024 9:29am Nov 13, 2024 9:29am
Quoting Whale
{quote} i opened long 2600 target 2632 do you think i will burn my account?
Depending on how much equity you have in place maybe not. However, no one can give you the correct answer. Gold will do whatever the f it wants to do. Just be careful.
  • #51,469
  • Nov 13, 2024 9:31am Nov 13, 2024 9:31am
Quoting Haks
{quote} Depending on how much equity you have in place maybe not. However, no one can give you the correct answer. Gold will do whatever the f it wants to do. Just be careful.
I think 2540 is margin call.
  • #51,470
  • Nov 13, 2024 9:33am Nov 13, 2024 9:33am
Quoting Quicksand
{quote} There might be if you are patient. Might go down once it breaks below 2600 and further at 2593. RSI just turned downwards and downtrend seems to gain momentum.{image}
I meant that there was no decisive move on H1 to the upside and hence had to close the buy trade.
Asia open H4 candle close will help me to decide if I join the selling.
  • #51,471
  • Nov 13, 2024 9:35am Nov 13, 2024 9:35am
Quoting Whale
{quote} I think 2540 is margin call.
I personally think you’ll be fine as we should probably see that range first before another dump to downside. But definitely go with your gut feelings
  • #51,472
  • Nov 13, 2024 9:40am Nov 13, 2024 9:40am
Quoting Jewel1996
{quote} I meant that there was no decisive move on H1 to the upside and hence had to close the buy trade. Asia open H4 candle close will help me to decide if I join the selling.
Still would have been a good buy. If it doesn't break below 2593 then probably overnight a correction might be in play.

Also probably tomorrow it will be a more important day with Powell speech to get a confirmation regarding whether December interest rate cut is still in play or not.
  • #51,473
  • Nov 13, 2024 9:48am Nov 13, 2024 9:48am
Attached Image (click to enlarge)
Click to Enlarge Name: 44444.jpg Size: 288 KB
Just love God and work hard in what you want, then your wishes will come tr
  • #51,474
  • Nov 13, 2024 9:48am Nov 13, 2024 9:48am
Quoting Haks
{quote} You are certainly right. We could easily see 24xx in the next few weeks considering how crazy gold has gone up this year. Trumps presidency was probably the nail in the coffin. Of course there will be days where it will rally but sentiment is certainly to the downside.
What's your guys opinion on how long this Trump Snowball will last? Certainly not looking good for Gold, as more people seem to dip in BTC.
  • #51,475
  • Nov 13, 2024 9:58am Nov 13, 2024 9:58am
First target 2645
Second target 2680
  • #51,476
  • Nov 13, 2024 10:14am Nov 13, 2024 10:14am
Well price action today leaves me bearish, but less bearish than I was yesterday.
  • #51,477
  • Nov 13, 2024 10:21am Nov 13, 2024 10:21am
i kept researching a way to avoid losses and i came up with this
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 8 KB
do not follow me 99.9999999% of times, rest you can lol
  • #51,478
  • Nov 13, 2024 10:22am Nov 13, 2024 10:22am
Quoting Liam2424
{quote} What's your guys opinion on how long this Trump Snowball will last? Certainly not looking good for Gold, as more people seem to dip in BTC.
Nobody really knows. Even if you say someone is 100 years into trading still they never will know the direction or when it'll stop unless you are using price action. But for new Highs nobody knows when it'll stop flying
  • #51,479
  • Nov 13, 2024 10:23am Nov 13, 2024 10:23am
Quoting Liam2424
{quote} What's your guys opinion on how long this Trump Snowball will last? Certainly not looking good for Gold, as more people seem to dip in BTC.
His policies are seen as being inflationary which subsequently means a surge in the dollar aswell as the yield on bonds. These have an inverse relationship with gold which is non-yielding (no interest paid for holding).

This effect could last a while. The same happened last time he was elected back in 2016 also. Hence why most believe gold could easily be heading back to the 24xx range. But as we all know, anything is possible in this market so be extra careful.
  • #51,480
  • Nov 13, 2024 10:27am Nov 13, 2024 10:27am
thanks god im out.

clean the desk, massive loss on GU, BE on gold.
time to cool down.
222 traders viewing now