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Gold

  • Post #1
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  • First Post: Aug 10, 2021 5:44am Aug 10, 2021 5:44am
Hello folks, as there doesn't seem to be a Gold thread and some guys posting their views on currencies threads, decided to start this thread for Gold specifically.

Anyone welcomed to share their opinions and trades.
Keep it civilized and mature. Thanks
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
My view for Gold. I expected a move today toward 1745-54 as retracement but just reaching 1738 is suspicious.
IMO that might be bullish on short term if it tries to hit those levels latter today, daily candle will form bullish for a higher retracement tomorrow or after toward first monthly resistance around 1780
Be aware that weekly candle not yet closed so only real hint for retracement is as high as around 1769
So now I'm monitoring the daily to base on besides how 4hr develops for further in advance possible hint.
On downside 1700-05 seems the lowest possible if reached even!
Long term monthly analysis is bearish on Gold as long as price bases below 1780-95 range and opens way lower in September.

Trade Safe!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
https://www.metalsmine.com/thread/22...silver-traders
These are the days you wait for daily retracement on Gold that I trade according but it doesn't come.
The 4hr. was obviously retracing a little up then sliding but like a turtle which raised doubts it might turn around to base above 4hr. Resistance toward daily one stated above..
Anyways no clear buy or sell at current levels, only buy is way down 1700-05 that can't see it reaching.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
Gold still stuck in no trading zone. Retrace for today 1743-49. On downside can't see perfect one than 1700-05
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
hi, i think later CPI released will make Gold continue another slipping down? i haven't open any positions , still waiting to observed the market
Quoting ChiForex
Gold still stuck in no trading zone. Retrace for today 1743-49. On downside can't see perfect one than 1700-05
This is why I don't enter the market before retracement level. Gold held much btw 1743-49, now it breaking above 1750 opens the door to 1759 today, good sell entry.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
Quoting ChiForex
{quote} This is why I don't enter the market before retracement level. Gold held much btw 1743-49, now it breaking above 1750 opens the door to 1759 today, good sell entry.
I still think 1780 to 1800 before any sell. What do you tgink
Any1 got any ideas on gold right now? Were at 1752.13 as i write this thanks
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • Post #10
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  • Edited 5:24pm Aug 11, 2021 5:13pm | Edited 5:24pm
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this was before sundays breakout which we played
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Quoting elbert3
{image}this was before sundays breakout which we played {image}
Thanks elbert, does that mean it's going up ???
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
Quoting forex baraka
{quote} Thanks elbert, does that mean it's going up ???
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not sure .i would be rich if i was lol,, but it could could of broke out from the pennant on the above chart and now its come back to the high side to confirm so lets see
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levels
  • Post #14
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  • Edited 6:01pm Aug 11, 2021 5:47pm | Edited 6:01pm
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zoom in
Quoting Nd10
{quote} I still think 1780 to 1800 before any sell. What do you tgink
Check post 2 of this thread where I mentioned 1780-95 but that's monthly resistance, we're barely 2 weeks in month so much time left..
IMO weekly is too good to be true if closes above 1760 although as said 1769 is possible or something in early 1770s but that's retracement, close is different..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
Quoting elbert3
{quote} {image}not sure .i would be rich if i was lol,, but it could could of broke out from the pennant on the above chart and now its come back to the high side to confirm so lets see
Nice charts Elbert!

The problem in Gold that it's moving too slow stopping at irrelevant levels that's making the picture harder to figure if it will hit the relevant levels and which in particular.
Like today it can be anywhere btw 1762 to 1773(maybe 1765 max) as good retracement movement on weekly too.
As said above, too good to be true...after such deep weekly low there's good range to downside to bet on selling at said levels..
At end, today Gold can set such retrace high then go back to 1730-35
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
Gold sell off on Sunday was brutal which means that worst was waiting. Even now the dust is not settled. However, after Doji on Tuesday, now bullish engulfing candle formed on Wednesday gave some hope. However, a confirming candle on Thursday above 1765 will confirm the trend where gold will be ready to touch the price which will be all time high as US debts and inflation is all time high. Tapering and raising interest rates will be invalid once the clouds get clear that will only disturb the market. There are instances that interest rates do not matter.
shorts
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The only constant is change
Quoting littspaniard
shorts {image}
How is your Short doing?
Quoting Nd10
{quote} How is your Short doing?
loss, i have reload shorts when price reacts at blue area.
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The only constant is change
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