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Gold

  • #33,061
  • Quote
  • Edited 10:25am May 22, 2024 10:14am | Edited 10:25am
sweeet nailed goldi still riding Tp87
Tp hit ....target is 2360 to risky to enter either way now.Will wait
average dude treading water
indeed gold is volatile. in 15 minutes it fires from all cylinders
GREATEST WISDOM AND POSITIVE ENABLEMENT COMES FROM ALMIGHTY GOD
Looks like to all the people who missed out on the gold bull run have a chance to get in again. Gold is having a really great pull back but im not subscribed to the idea that gold will fall down back by 200-400 usd some people where claiming gold would do because the current market conditions don't support that. Tonight we get to hear the fed speak and its gonna be clear their goal is gonna be cut inflation down and bring some clarity to how many or when we gonna get rate cuts this year and both of those are really bullish for gold , as the dollar will lose value faster bringing gold up.

After last weeks economic news showing the us economy is slowing down and inflation is finally starting to show signs or coming back down DXY has stayed stubborn this week and even has had a slight rebound making it clear after tonight we may see the dollar finally start to lose its value as i believe the current value for the dollar is over valued.
Sell off

is im still believing in 2500
Gold is ruthless when you trade against it
Quoting Rehan1559
Kinda confusing today,,,gonna jump in after breaking those level {image}
Finally it's clear...
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Who is holding it??
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tp 83 secured !!

84*
Quoting Orand
Long : at 2416 SL : 2413 (SL HIT ) (should have moved my SL to BE when it was in profit) TP : 2420 ------------------------ add long at 2414.5 SL : 2411.50 TP : 2418.50 (Closed Manually at 2415) ------------------------ Short : at 2416.30 SL :2417.8 (SL HIT ) (Practicing Trade Gold with Tight Stop) TP :2412.30 ------------------------ Short : at 2416 SL : 2418 (Closed Manually at BE) TP : 2411 ------------------------ Long at : 2417 SL : 2414 (Sl Hit) TP : 2422 ----------------------------------------- Short at :2414.20 SL : 2417.20 TP : Open (TP...
on lookout for long opportunity :
Quoting giveachance
{quote} there is definitely something about 2433 and 2427. it is stuck here for 2 hrs now if this is a genuine move and not a trap i expect 2407 to break and eventually see break of 2390
exactly what i said yesterday. i am warning since morning today. look at the break in copper prices. gold still has a long way to go. there is lot of leverage which has gone into this gold and silver trade in past 2 months. all that will reverse if we start falling heavily
Quoting Orand
Gold is ruthless when you trade against it
against it is day by day... this week it made all times high and now it black swan.
  • #33,072
  • Quote
  • Edited 2:34pm May 22, 2024 10:40am | Edited 2:34pm
Long at : 2385.9
SL : 2382.90 (SL Move to 2387.90) (SL Hit)
TP : TBD (TP set to 2391.90)
----------------------------------------
Short : 2387
SL :2390 (SL hit)
TP 2383 (TP almost hit)
----------------------------------------
Long : 2391
SL : 2388 (SL hit)
TP : 2396 (TP was wrong)
-------------------------
Short : at 2389
SL 2392 (Sl hit)
TP : open
--------------------------
Short at 2390.20
SL :2393.20 (SL Hit) (Bad Entry)
TP : 2383 (May Close Manually )
--------------------------------------
Short 2387.50
Sl : 2390.50 (sl hit ) (really hard for me to trade with 30pip sl on gold)
Tp : open
-------------
Short Term Bias : Short , Long Term Bias : Short
Status : Minus ( -30pip, +5pip, -15pip,0pip, -30pip,-30pip . +40 Pip, +132Pip, +20 pip, -30pip, -30pip,-30pip, -30pip ,-30 pip) Total : -58pip
one more short to 2382 area can be tried here but it is a risky trade. break of 2382 is more conviction trade
Quoting ScalaFX
{quote} Bueno Amigo! Im holding protected short from 2440, hope for 2300
Ok, time for partials and withdraw, rest to the target
People don't plan to lose. They lose because they don't plan.
The current levels of gold are very important pivotal levels because they may be the bottom from which we will see a new record high.
Provided that trading continues at the highest levels of 2370
If it is broken, there will be no rise before approximately 2318 levels.
In my opinion, I will work with the rise until the 2370 levels are broken, then I will start to change my mind.
If you are a fan of buying gold on a long-term basis, this may be the most appropriate time to take at least 1000 points from it by stopping 200.
Success is not final, failure is not fatal... - Winston Churchill
Amazing sibi on m30 provided a major drop.

my guess... higher high.. but since im a momentum trader, its not my time to dive into buy order.
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Uk general election - uncertainty could be good for gold
Waiting for the move..

All trend below 4h are down.
lets see if the 2500 area cycle is a real deal.
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Quoting Whale
Waiting for the move.. All trend below 4h are down. lets see if the 2500 area cycle is a real deal. {image}
Or we can go lower, to another strong point, 2371?
"Live & Let Live" - David Gilmour
I will enter the market after 15m candle close above 2393.3
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