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Gold

Gold has corrected 50% of its recent rise from 2277. It dipped to 2354 during the day but showed a slight rebound. It needs to hold above 2365, however, for a new strong positive wave to form and the possibility of setting a new record to be confirmed, it needs to hold above 2409.
  • #33,162
  • Quote
  • Edited 12:18pm May 23, 2024 11:42am | Edited 12:18pm
Quoting Scalper-N
{quote} HERE WE GO!
if this hour stay as such or a any doji may try reverse next hour ! lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
looks like 2339 it is.. it wont go below this before a meaningful bounce
gold - 4hrs
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doji formed in 1h tf.....if it will going to reverse then i will wait
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Be Calm In Every Situation
Waterfall guys may finally get what they were asking for.
Could be sideways 2250ish and rebound from 2100ish
ma ma make me happy
Quoting sambhav30
doji formed in 1h tf.....if it will going to reverse then i will wait {image}
so far yes , better test 2341.38 if bounce for 2359 plus if , will be careful !
Not understand?better not follow my analyses!doubt clearer first, risks ++
2320 is a must and the 2300, no update, my positions already closed yesterday if hit 2300 I will be a buyer
People don't plan to lose. They lose because they don't plan.
good demand zone in 2302 if price come to there then i will buy
Quoting worldbankinc
{quote} TRADE SUMMARY 2024 {image}
Signal 28-2024 SELL hit TP.

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Quoting worldbankinc
{quote} Signal 28-2024 SELL hit TP. {image} {image}
NEW ! Signal 29-2024.

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Quoting DubaiFX
hello guys, about GOLD, remember FOMC is coming and home sales also, the false break out like we say on monday in gold might happen, but FOMC tome will be Hawkish, FED mostly care about PCE, i am tired of telling people that for them PCs Core PCE is till at 2.7% far above 2% target, so that might cause GOLD to drop, gold only made the up move because of IRAN and that was accident, so that is old news, i am expecting gold to hit 2390 from 2430-2440 so i will be looking to sell at high, i might be going against the Trend but, in my experience trends...
history Repeat it self more often then we realize,
again at 2340
not looking bad to buy for 2380 with 2310 stoploss,
tomorrow is Sentiment data which is actually very important for us,
we dont know about others but we trade on Market sentiment,
it took 8 years to build the Algo to scan the whole web for sentiment of traders that is in my experience good trades comes from,
because good or bad doesn't matter much ot be honest.
i know gold is DOWN, and against hte trend where people were saying 2500
we went against the trend but we did made very good % of profit.
and one more thing.
the drop of GOLD was mainly because of FOMC yes i agree they didnt want to push it,
but soon they have to,
i will remind you guys in few weeks maybe a month,

and also remember that Minutes were Written on 1st may after that we saw NFP CPI and then PCE core PCE is coming as well.

for me or us sentiment is more important, if traders are committed on buy they will take it to to the highs,
loos at BOJ the intervention and after 2 weeks again at 157.
maybe can touch 158 or even 159 and BOj may his it again,
anyways my point sentiment is what drives the market,
so we focus on that.
Don't compare your Trades with Others
now it's my time to sweep some profits
ryoiki tenkai : Blue Juggernaut
Quoting xxxxguy
{quote} this is the only sensible advice i have seen on this forum. P.s i have a banking background. Not a youtube degree in speculative gambling…..
Thank you Man,
Appreciated.
Don't compare your Trades with Others
May be a bullish flag and last week low 2332 could provide a Buy opportunity.
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next pit stop to follow 2286/2266.... short term
average dude treading water
Continue down to and below 2335 and nest support goes to 2311 areas and 2387 withing standard bull now entered ! . Let's see what next day .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Gold - TF Daily
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2200
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Quoting profits7
_______________ SL = man. Not showin to da dealers = {image}
_______________ fingers$ Lickin GOOD - - - this is NOT sume mobile_demo_Crapppp 4sure !
Don’t focus on making $$$, focus on protecting what you have.
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