It really looks like a classic. Resistance level with bearish engulfing bar. The Fed news squeeze caused it to whipsaw but I've closed all 3 positions comfortably at 46, 53 and 54 pips respectively. Was intending to let it run but we have major news ...

Pro7 PA trading analysis 28+GOLD

That's a pity, pretty great spot for a buy though!

Pro7 PA trading analysis 28+GOLD

News came out as expected with a slightly hawkish tone due to high inflation. Gold briefly peeked below 1762 and tapped 1753 before staging quite the rally. It would be prudent to take note of the close of the current 4H and daily candles to see ...

Gold

Prices are crawling to 1762. We are now at a level that has been tested multiple times in the past and proved to be decent support. A break of this support may lead us straight to 1726/7, there may be a stop in between around 1750. There are still ...

Gold

I will suggest you google all those information, everything is easily available on the web.

Gold

News will be out in around an hour's time. If you go to the home page, you will see a calendar with the list of market events. You can read more about it there.

Gold

GBPNZD providing pretty good sell set up on the 4H chart. I've taken sells at 1.9633 with stop loss at 1.9697. Even if I get stopped out, I'm following my plan, still going to be pretty happy about it

Pro7 PA trading analysis 28+GOLD

Yes, there was a down trend in 2012 and 2020 in the past 15 years. There is no hoax. It's all a game of probabilities. No one can predict if it can go up or down and whoever says they can are probably taking you on for a real good ride. But if you ...

Gold

I guess Powell needs to mess up his speech or just say that we still think we can handle the situation and we will wait and see. It's anybody's guess what he will say later.

Real Trading

Price has closed below 1770 but buyers are coming in from 1767. We are currently limited by 1770.7 region, shown in attached image on 15 min chart. If you look at 1H, you will notice the past 2 hours has bullish movement but long wicks on the top, ...

Gold

Looks like we've got lots of buyers interested in buying 1767/8 levels. We have yet to close below 1770/1. Still possible for bulls to come into the picture but it isn't exactly the type of price action I want to jump into just yet

Gold

So what I basically saw was a failure to break above the black line show in the picture. I also spotted attached image on the 15 mins time frame. You can see that price clearly formed a lower low, and tried to take back the 1785 level with no ...

Gold

I wouldn't say that is a head and shoulders pattern. Head and shoulders pattern generally form after a period of bullishness, in which case here, there is almost no sign of that. What I would like for instead is a break of the black line which is ...

Gold

Good sir, most people do call that a wick, not a shadow. Also, can barely make out anything on your charts. Not sure how you trade like that but if it works for you, all the best!

Gold

I believe I have already explained and listed what is required good sir. Wish you well in your trading endeavors!

Omkar's Trading Journal

That is a very lengthy post but I only read everything because of the first few sentences. I too have a very strong reversion biasness and I tend to trade against the market's direction. In the past, this has worked wonders when I scalp the market ...

Omkar's Trading Journal

With a pretty decent daily price action and weekly showing some signs of bulls coming back in... Won't be surprised if we get a decent push back up to around 1.336. Bought in 3 positions from 1.323 to 1.3211, closed 2 of them and in a nice breakeven ...

Cable Update (GBPUSD)

Overall news on US is positive, however, you need to take into account the bigger picture. In this case, a higher CPI number isn't necessarily better because of the high inflation that is already ongoing. Gold started a rapid push and got rejected ...

Gold

It appears that gold was forming a pennant and current bearish move is breaking out of that pennant. I won't be surprised if we drop straight into 1762 unless tomorrow's news can give some form of support to gold. Still looking for that bullish ...

Gold

Gold still pushing higher but very very slowly. Next level of resistance between 1798-1800 followed by 1808/9. Still trying to see if we can get to 1831. I will buy the break of 1808 or any break above 1800 with conviction.

Gold