Attachments: Gold

Gold

#1,581
Nov 10, 2021 1:59am Nov 10, 2021 1:59am

Froggy
Joined May 2018 | Status: Tadpole | 2,719 Posts

First stop 1817....maybe...?

Stay green!!!

#1,582
Nov 10, 2021 2:20am Nov 10, 2021 2:20am

aeternum
| Joined Aug 2012 | Status: Trader | 2,263 Posts

Quoting fxmasterdxb

Disliked

Im in favour for bears today, price reached to 1832 with very weak momentum and was pushed down, we might get one more attempt and I think it will be the last, if bulls had the momentum to push through 1834 then expect some fire works and 1848 will be expected. My expected scenario is another attempt to 1830 (maybe even 1828/9) with weak momentum followed with a crash in price for 20-30$

Ignored

I think I agree with this too. Right now sellers are winning but there doesn't seem to be a real momentum push yet. It's just falling slowly.

I'd love to see a double top followed with a strong bearish bar on 4H with room to drop minimally to 1807 or lower.

Should it maintain above 1790 and get up to 1830 again, we'll probably break it. But right now it doesn't seem like it has that momentum. But then again it's gold, it can just keep going 1 way and never stop until we hit another wall. But it'll be nice to see a form of correction on 4H chart.

A 1 pip gain is better than a 1 pip loss.

#1,583
Nov 10, 2021 4:05am Nov 10, 2021 4:05am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,048 Posts

Quoting aeternum

Disliked

{quote} I think I agree with this too. Right now sellers are winning but there doesn't seem to be a real momentum push yet. It's just falling slowly. I'd love to see a double top followed with a strong bearish bar on 4H with room to drop minimally to 1807 or lower. Should it maintain above 1790 and get up to 1830 again, we'll probably break it. But right now it doesn't seem like it has that momentum. But then again it's gold, it can just keep going 1 way and never stop until we hit another wall. But it'll be nice to see a form of correction on 4H...

Ignored

Yes we are on the same line of thinking, with the current momentum i dont think price will be forming a double top, more likely we will witness a drop soon

#1,584
Nov 10, 2021 4:28am Nov 10, 2021 4:28am

aeternum
| Joined Aug 2012 | Status: Trader | 2,263 Posts

Quoting fxmasterdxb

Disliked

{quote} Yes we are on the same line of thinking, with the current momentum i dont think price will be forming a double top, more likely we will witness a drop soon

Ignored

Well we have CPI coming up. Hopefully positive news will give us catalyst for gold to drop further.

The current daily looks promising for a drop, hope it ends that way for some meaningful correction.

A 1 pip gain is better than a 1 pip loss.

#1,585
Nov 10, 2021 5:00am Nov 10, 2021 5:00am

R4sh
| Joined Dec 2014 | Status: Trader | 233 Posts

I have been selling gold since 1832 with great hope and with full margin. I hope to go to holiday with a good profit by Friday

Lost in Narrative

#1,586
Nov 10, 2021 5:08am Nov 10, 2021 5:08am

iero4
Joined Jan 2011 | Status: Trader | 950 Posts

Quoting R4sh

Disliked

I have been selling gold since 1832 with great hope and with full margin. I hope to go to holiday with a good profit by Friday

Ignored

My friend...you trade gold with full margin???

I wish you good luck!

You are allowed to fall but you are imposed to get up!

#1,587
Nov 10, 2021 5:11am Nov 10, 2021 5:11am

Trac
| Joined Nov 2021 | Status: Trader | 5 Posts

Quoting R4sh

Disliked

I have been selling gold since 1832 with great hope and with full margin. I hope to go to holiday with a good profit by Friday

Ignored

If you don't mind me asking, what lot size did you use?

#1,588
Nov 10, 2021 5:28am Nov 10, 2021 5:28am

aeternum
| Joined Aug 2012 | Status: Trader | 2,263 Posts

Quoting R4sh

Disliked

I have been selling gold since 1832 with great hope and with full margin. I hope to go to holiday with a good profit by Friday

Ignored

Well that's one thing I'd never do. Gamble.

A 1 pip gain is better than a 1 pip loss.