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Gold

Quoting pundit78
I am on sell side currently. {image}
Closed position at 1933 with small loss
Contact for Account Management. R:R 3:1
Gold long now TP 1948
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Contact for Account Management. R:R 3:1
Quoting azhantahir
{quote} im prefer buy stop and prefer sell stop right now. a lot of fake setup happen after London Open Kill Zone. {image}
Buy stop running and hit BSL TP Target 1937. Waiting for NY Open Kill Zone
Quoting ForexGoose
{quote} first buy order at 1920 triggered, waiting for a rally in the coming days or week
Possible breakout to the top if there is more panic today

”Credit Suisse shares CSGN fell 5% in Zurich trade after a flattish start, with attention on the health of the Swiss banking giant. Its stock has dropped 29% this year on worries over its health after five consecutive losing quarters and about $100 billion of outflows from wealthy clients in the fourth quarter. Bloomberg reported that UBS UBSG does not want to merge with its rival.”

https://www.marketwatch.com/amp/stor...-week-dede1ee3
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting azhantahir
{quote} Buy stop running and hit BSL TP Target 1937. Waiting for NY Open Kill Zone
sorry to ask, but what does BSL mean? Gold isn't tired yet, perhaps one last spike upwards after news and NY open, then drop... Or not! We'll see
Quoting ForexGoose
{quote} Possible breakout to the top if there is more panic today ”Credit Suisse shares CSGN fell 5% in Zurich trade after a flattish start, with attention on the health of the Swiss banking giant. Its stock has dropped 29% this year on worries over its health after five consecutive losing quarters and about $100 billion of outflows from wealthy clients in the fourth quarter. Bloomberg reported that UBS UBSG...
. Hectic! What's the chance the Dollar will be bought?
Quoting Ravenfeeder
{quote} sorry to ask, but what does BSL mean? Gold isn't tired yet, perhaps one last spike upwards after news and NY open, then drop... Or not! We'll see
buy side liquidity
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Quoting Ravenfeeder
{quote} sorry to ask, but what does BSL mean? Gold isn't tired yet, perhaps one last spike upwards after news and NY open, then drop... Or not! We'll see
BSL - buy side liquidity - (prefer buy stops)
SSl - Sell side liquidity - (prefer sell stops)
Ah thank you Azhan, helps knowing the abbreviations, but placing positions 10 or 20 pips above old highs or below old lows works for me too i really gotta do some studying again, working through Swaggi's course, he likes working on 1M and 5M TF's, but I know trend is friend, and 1H and 4H is very significant
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Quoting ForexGoose
{quote} first buy order at 1920 triggered, waiting for a rally in the coming days or week
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting Ravenfeeder
{quote}. Hectic! What's the chance the Dollar will be bought?
maybe next week it will be bought and then sold again after the FOMC

https://www.cmegroup.com/markets/int...n-to-fomc.html
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting Ravenfeeder
Ah thank you Azhan, helps knowing the abbreviations, but placing positions 10 or 20 pips above old highs or below old lows works for me too i really gotta do some studying again, working through Swaggi's course, he likes working on 1M and 5M TF's, but I know trend is friend, and 1H and 4H is very significant
in one candle have OHLC (open high low close). Above the Highs is buy side liquidity, and below the Lows is sell side liquidity. When can we buy or sell. We can bought after BO above highs - buy side liquidity and we can sold- after BO below lows sell side liquidity. how to bought and sold. buy stops and sell stops.
Quoting ForexGoose
{quote} maybe next week it will be bought and then sold again after the FOMC https://www.cmegroup.com/markets/int...n-to-fomc.html {image}
thank you Forex, much appreciated!

Now, I wonder if people will buy on hold onto gold this weekend, especially after last weekend's turmoil. Probably... And then like you say sell next week
Wondering if gold will reach 17xx again this year..
Quoting Jers
Wondering if gold will reach 17xx again this year..
maybe 15XX
Quoting Ravenfeeder
{quote} thank you Forex, much appreciated! Now, I wonder if people will buy on hold onto gold this weekend, especially after last weekend's turmoil. Probably... And then like you say sell next week
There was a rally last month until after the FOMC meeting.

https://www.forexfactory.com/calendar?week=jan29.2023

Gold topped out around 1960, creating a bull trap. I am not sure if the same thing will happen next week.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
{quote} maybe next week it will be bought and then sold again after the FOMC https://www.cmegroup.com/markets/int...n-to-fomc.html {image}
waiting highest BSL to sell after h1 make decisions above 1960
Quoting azhantahir
{quote} waiting highest BSL to sell after h1 make decisions above 1960
monthly, weekly and daily above 1960 means New dealing Range high. bad sign for sold
Quoting ForexGoose
{quote} There was a rally last month until after the FOMC meeting. https://www.forexfactory.com/calendar?week=jan29.2023 Gold topped out around 1960, creating a bull trap. I am not sure if the same thing will happen next week.
Ah yes, thank you, we must be wary and careful of this again, 1960 being massive resistance now, safeguarding 2000. Wow do guys think gold will really reach even 17xx again? That will be a sight to behold, maybe initially due to recession. I've read previous recessions gold dipped initially, and then shot up to new all-time high's, if this is why you guys think gold will drop that much again, this year, especially with QE and rate cuts around the corner (at Q3, maybe even late Q2...).
Quoting azhantahir
{quote} maybe 15XX
really? before it got rejected at 180x and rally to this price, i believe gold will go there.
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