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- prashfx replied Apr 17, 2020
patience pays many a times. haha. still few trading days left in apr ; )
- prashfx replied Apr 16, 2020
yup .. unless 1740+ starts trading smoothly ... you shud try to buy as close to 1400 .. or maybe 1560.
- prashfx replied Apr 16, 2020
xauusd has not given mnthly close > 1600 yet ! 2 weeks of trading left this month so will see, but the monthly lvls to watch are perhaps 1599 and 1663. having said that the overall bull wave started once mnthly close > 1400, which also explains why ...
- prashfx replied Mar 1, 2020
drilling down to 4h, i think this will be my trade if i were to go long ... notice the buys below 1560. i wud lean on them in situation of mkt sells ... SL being around Jan low. but i think better strategy to see if mkt drops to 1548 - 1560, then ...
- prashfx replied Feb 28, 2020
attaching screenshot of the levels i was watching on gold. ofcourse big movements happening so cant see this on daily/hrly chart .. it has to be mnthly. so roughly 1560 area (lowest mnthly close 2012) --> mkt still holding this on mnthly basis 1595 ...
- prashfx replied Jan 31, 2020
who knows u will hv mnthly close 1600+ ... few hrs left ; )
- prashfx replied Jan 31, 2020
weekly pivot plus weekly close 1562 around -- will see if mkt wants to keep north of this for weekly close. ofcourse it can turn up from 1570 itself too. if above is not respected then next key number would be 1551 around. clearly as of now it seems ...
- prashfx replied Jan 29, 2020
it moved a bit between 1551 - 1562 .. refer weekly charts. guess its trying to defend 1562 weekly close atm. ofcourse monthly close > 1600 wont be easy. but refer to monthly close > 1400 .. the way it came and changed dynamics when many guys out ...
- prashfx replied Jan 29, 2020
very well said my friend. read somewhr that going by history sars/mers/swine flu .. on avg gold went up 15% .. anyway its something which i am trading too. seems low hanging one to trade rather than going for complicated things. am looking for a ...
- prashfx replied Jan 9, 2020
nice one! 1610 weekly close imp to move higher. my gut feel is it will make new ath --> pls note that the mkt precisely did only 38% retrace of the move from 1265 to 155x to 144x .. it looks like it wants to go higher ultimately .. no point selling ...
- prashfx replied Jan 8, 2020
yeah bud. mkt just buying every 38% retrace. so i did too. my SL in this case is below prev weekly low. small position but will leave it.
- prashfx replied Jan 8, 2020
bought at 38% retrace from 1510 @ 1572
- prashfx replied Jan 8, 2020
looking at last weekly close looks like this one can make new all time highs ofcourse thanks to dollar/geopolitics. mkt wise too every 38% retrace from last week low being bought.
- prashfx replied Dec 23, 2019
thats my rather messy chart on 4h on gold ..
- prashfx replied Dec 23, 2019
moving towards 100dma. just standing aside to see if any 4hrly bearish rejection starts to happen around there. my sell / buy SL's in this mkt would be 1495 / 1460, so accordiingly would see how mkt reacts near these areas first. needless to say i ...
- prashfx replied Dec 22, 2019
gold is so interesting atm. exact same pattern repeating as seen around 1265. too tempting haha. thinking if this can mkt can give some fakeout to 1493 (100d SMA) +/- then drop bk to 1460 +/- area where if supported can be a v good buy. lets see.
- prashfx replied Dec 19, 2019
no i have been doing nothing on gold unfortunately. just waiting for it to break out either side and it appears to be north now. but will see. the 1445 around bounce was clean 38% retrace of the 1265 - 1556 move too.
- prashfx replied Dec 18, 2019
after giving last weekly close north of 1468 (it was locked in 1458 - 1468 weekly close range for some time) -- this week i was waiting for 1467-68 to buy but yesterday it got bought at 1470 around and the kind of buying looks to warrant possibly a ...
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