Gold

Quoting Xauusdscalpr

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Gold has been stuck in this range for the last 4 or so hours of the day, stayed within it and didn't close above OR below, which favours Gold going up more than it going down given the upward momentum. Could be a place of consolidation before Asia drives it up maybe? {image} However, it failed to break the highs each time it came up {image} Gold gapped down yesterday on asia open, so we may see the same thing again {image}

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Quoting MissD

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Good morning everyone! Here's my trade plan for today. The Mid Initial Balance on my chart is at 2808.82 (Blackbull Markets), the High Initial Balance is at 2845.51, and the Low Initial Balance is at 2772.12. These 3 Initial Balance price levels will be my guide for trading today until Friday. For now, I'm waiting to see whether the previous US end-of-session High or Low will be broken or rejected before making my initial entry decision. This is my one and only strategy that I use for entering the market every day

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Quoting Xauusdscalpr

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{quote} Out of curiosity what is the US end of session low for you? looks like its been broken already

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Quoting MissD

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{quote} I use the previous day's US end-of-session high and low as a reference, based on the candlestick from 12 PM New York time until the market close (which is 5:45 PM New York time on the M15 timeframe). ***THE LAST 6 CANDLESTICK (H1) HIGH & LOW PRICE LEVEL. I take the highest and lowest prices within that period. HIGH PRICE 2845.01 LOW PRICE 2832.28

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Quoting Xauusdscalpr

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Decent 15m candle close here, wonder if we'll see a retest of 2844 real soon {image}

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Quoting Xauusdscalpr

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{quote} Right got you, sounds like a good strategy.

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Quoting MissD

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{quote} That's the only simple strategy I use after trying all sorts of techniques. And the price level strategy and the previous day's template, as well as today's session template, make it easy for me to make decisions on the chart. As I said, I'm still new and I feel I only need to focus on one strategy that can make me consistently profitable.

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Quoting Xauusdscalpr

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{quote} Yes exactly, it's a simple strategy and as it is just a single thing you are looking out for (break of a high or a low) you can analyse the results better and understand price action better too. Keep it up ============================================================ Expecting gold to push up to 2843 on the next hourly candle {image}

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Quoting Xauusdscalpr

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{quote} Hourly opened and made a high, came down to make a low and is now pushing back up above the open, would expect to continue up now That 2842.5 level will be key, seems like its acting as VERY strong resistance right now {image}

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Quoting Xauusdscalpr

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{quote} 30m candle must close above this support level {image}

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Quoting profits7

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{quote} _______________ new LIVE BATCH of 5 LONG$$$ = @Ravenfeeder , I'll use ur $$$ Wiseleee {image}

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