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  • #57,621
  • Dec 27, 2024 6:45am Dec 27, 2024 6:45am
Quoting noobtrader8
{quote} Always great info. I suppose, these are based on tehcnicals and overall price action ?
Yes, exactly! This analysis is based on technicals and price action, focusing on key support and resistance levels. The targets are derived from historical price movement and common chart patterns, such as retracements and breakouts. By keeping an eye on these levels, you can make more informed decisions about potential market direction. As always, it’s important to manage risk and stay adaptable to any changes in price action.

Quoting Bakker
{quote} Let's wait for 15GMT and see if there is enough life left to complete W5 to the upside {image}
Absolutely, let's monitor the market closely around 15:00 GMT. If there’s enough momentum, we could see the completion of Wave 5 to the upside. The market tends to show clearer direction around key time frames, so it will be important to observe price action and volume at that time. We will see if the conditions align for further upward movement. Stay alert and ready to adapt!
SURFER
  • #57,622
  • Dec 27, 2024 6:49am Dec 27, 2024 6:49am
Quoting fxcontest
Buy 2627 - 28
Close all

Sell 2628 - 27
Holy Betting Grail strategy
  • #57,623
  • Dec 27, 2024 6:50am Dec 27, 2024 6:50am
Quoting Elliottway
{quote} Hey Matt, where have you been? I have been missing your insights. You really stand out in this forum. If possible, could you share how you handle the manipulation in lower timeframes? It would definitely help me improve. Of course, without clear evidence, it's tough to say how we'll break below the 2500 level, but traders are definitely anticipating a bearish move. As they have to say, “there’s no tomorrow” when it comes to these markets. I really appreciate the way you navigate through the manipulation, and I did love to learn from your...
I’m around. This week was a short one, with only four trading days. During yesterday's U.S. session, Monday's high was cleared in a news-driven move and setup that was being prepared (side ways which is usually not paid attention by many), with Monday's High taken out during the US Session. Today, the market opened with a 21-pip gap up, followed by a 60-pip drop to test the previous breakout level.

At this point, many traders and ICT SnR SMC enthusiasts were positioned or went long, expecting 2650 by just judging on the levels of breakouts targets based on patterns. Well, by London session they had their answer now and pre-US have further given them by pullbacks, they are stopped out, the other set who saw yesterday shorts targeting lower levels around 2600 started to add positions. Some also reported broker issues due to the massive wick , that’s not how the market operates, its their brokers who suck at spreads. Today, Price action remained constrained within this range during the Tokyo session, i call it holding the range, At New York midnight, the market opened lower relative to the daily open. My first signal to start building shorts as they are premiums above the daily open. During London session, bullish traders holding long positions around the 2628 and 2631 levels from the Tokyo session were cleared. The subsequent price movements are now visible on the charts. If your broker operates on +1 GMT, review the 9:30 AM candle today on MT4 or MT5 (not TradingView). You’ll observe a 5-minute candle setting a high, clearing the lows, and followed by three wicks creating a divergence in price. This is a critical moment to check spreads, which will likely be excessive (refer to my previous posts on spreads) and reveal the actual market dynamics on what is to come. On A standard candlestick charts, this divergence may not be apparent. That’s where tools like order flow and volume profiles provide better insights into what’s happening within the candle. If you have a paid Trading View subscription, you can take a quick look for reference. Deltas, OBs, and VPs, are a subject of a total different discussion. Knowing when to enter, when to exit and when to stay away is key. there have been many who in the last two days have posted the right technical chart highlighting when to enter and what targets to look. My outlook on Gold Remains at 3002 - 3040 range but that wont happen tomorrow or even next year unless Donald starts his Maga crap again and starts disruptive stuff around him.

As a personal rule, I avoid trading during the last three days of the year Mainly after 26th December. That said, the U.S. session may attempt one final push, but the direction will depend on how the next two hours unfold.
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Candlesticks dont move markets, Volume does
  • #57,624
  • Dec 27, 2024 6:56am Dec 27, 2024 6:56am
hi all ....

i think gold will go down so i will sell pair .....

the reason of sell at the charts .....
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Follow The Smart Money
  • #57,625
  • Dec 27, 2024 6:59am Dec 27, 2024 6:59am
Quoting ElCampeador
{quote} Going up
where ?
  • #57,626
  • Dec 27, 2024 6:59am Dec 27, 2024 6:59am
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  • #57,627
  • Dec 27, 2024 7:02am Dec 27, 2024 7:02am
Quoting Praetorion
{quote} I’m around. This week was a short one, with only four trading days. During yesterday's U.S. session, Monday's high was cleared in a news-driven move and setup that was being prepared (side ways which is usually not paid attention by many), with Monday's High taken out during the US Session. Today, the market opened with a 21-pip gap up, followed by a 60-pip drop to test the previous breakout level. At this point, many traders and ICT SnR SMC enthusiasts were positioned or went long, expecting 2650 by just judging on the levels of breakouts...
Great analysis! You have provided a detailed overview of the market dynamics over the last few days, highlighting key movements, setups, and the impact of spreads. Your approach of avoiding trading in the last few days of the year makes sense, as market conditions tend to be less predictable and liquidity can be lower. I will keep an eye on the next two hours to see how the U.S. session develops, as it could determine the final direction. The 8:30 AM and 15:00 GMT manipulations are key moments to watch as well. which can lead to sharp price moves and potential setups. Similarly, 15:00 GMT is another critical manipulation time, as it often marks a shift in momentum or a false breakout before a reversal Thanks for sharing your insights!
SURFER
  • #57,628
  • Dec 27, 2024 7:06am Dec 27, 2024 7:06am
Quoting Elliottway
{quote} Great analysis! You have provided a detailed overview of the market dynamics over the last few days, highlighting key movements, setups, and the impact of spreads. Your approach of avoiding trading in the last few days of the year makes sense, as market conditions tend to be less predictable and liquidity can be lower. I will keep an eye on the next two hours to see how the U.S. session develops, as it could determine the final direction. The 8:30 AM and 15:00 GMT manipulations are key moments to watch as well. which can lead to sharp price...
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Candlesticks dont move markets, Volume does
  • #57,629
  • Dec 27, 2024 7:08am Dec 27, 2024 7:08am
Quoting Deal
I close my sell if price close above 2629.91 in 4h TF. No need to fight.
Go go...
  • #57,630
  • Dec 27, 2024 7:11am Dec 27, 2024 7:11am
Quoting OutThere
Basically nobody knows. lol
Just me, the only one in the whole world.
https://www.forexfactory.com/thread/...4#post15100264
Success is not final, failure is not fatal... - Winston Churchill
  • #57,631
  • Dec 27, 2024 7:14am Dec 27, 2024 7:14am
Quoting fxcontest
{quote} Close all Sell 2628 - 27
TP all

Rest1ng
Holy Betting Grail strategy
  • #57,632
  • Dec 27, 2024 7:17am Dec 27, 2024 7:17am
what a bs price action today lol
  • #57,633
  • Dec 27, 2024 7:22am Dec 27, 2024 7:22am
It seems like planning to trap the sellers. I expected this move. Alright, let's try gold. I already know where you are headed with this.
SURFER
  • #57,634
  • Dec 27, 2024 7:34am Dec 27, 2024 7:34am
Quoting Elliottway
It seems like planning to trap the sellers. I expected this move. Alright, let's try gold. I already know where you are headed with this.
The level at 2614-8 is a good entry point for a buy. I plan to enter at this level in anticipation of an upward move.
SURFER
  • #57,635
  • Dec 27, 2024 7:36am Dec 27, 2024 7:36am
Quoting saal
{quote} Just me, the only one in the whole world. https://www.forexfactory.com/thread/...4#post15100264
Congrats. 1 TP today, 50 STOPLOSS yesterday.
  • #57,636
  • Dec 27, 2024 7:45am Dec 27, 2024 7:45am
Quoting Praetorion
{quote} I’m around. This week was a short one, with only four trading days. During yesterday's U.S. session, Monday's high was cleared in a news-driven move and setup that was being prepared (side ways which is usually not paid attention by many), with Monday's High taken out during the US Session. Today, the market opened with a 21-pip gap up, followed by a 60-pip drop to test the previous breakout level. At this point, many traders and ICT SnR SMC enthusiasts were positioned or went long, expecting 2650 by just judging on the levels of breakouts...
I appreciate your analysis. As a long term gold holder, is your range of 3002-3040 based on technicals and historical % price action? As a I also think that fundamentals support your long term vision.
  • #57,637
  • Dec 27, 2024 7:45am Dec 27, 2024 7:45am
Quoting Elliottway
{quote}The level at 2614-8 is a good entry point for a buy. I plan to enter at this level in anticipation of an upward move.
However, the H4 close should be above 2629. If it’s not, we will need to reassess and find an alternative approach.
SURFER
  • #57,638
  • Dec 27, 2024 7:46am Dec 27, 2024 7:46am
Quoting Elliottway
{quote}The level at 2614-8 is a good entry point for a buy. I plan to enter at this level in anticipation of an upward move.
I take partials and breakeven.price Will return to the upside. Next week needs a wick or even monthly.
Its all about 2633/2634
  • #57,639
  • Dec 27, 2024 8:02am Dec 27, 2024 8:02am
Quoting vankiepsauff
big short gold 2627 , 30 lots
still hold short
vankiepsauff@gmail
  • #57,640
  • Dec 27, 2024 8:04am Dec 27, 2024 8:04am
Quoting PatienceFx
Chicken give me 2600 {image}
Price moving as expected
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Price369