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  • #1,841
  • Nov 25, 2021 4:28am Nov 25, 2021 4:28am
Quoting TrickorTrade
{quote} True it can be just a retracement. But I see a huge gap that needs to be filled before gold continues its bearish trend. All we can do is observe now and Ill keep my longs open till any sign of reversals. Volume will be low due to holidays. Monday we will see bigger moves
i closed my long positions cant say how much further it will go down
  • #1,842
  • Nov 25, 2021 4:30am Nov 25, 2021 4:30am
Quoting OwaisJam
{quote} i closed my long positions cant say how much further it will go down
This is logical thing to do at the moment.
  • #1,843
  • Nov 25, 2021 5:25am Nov 25, 2021 5:25am
i believe i missed something seems like bears took charge from bulls very early
  • #1,844
  • Nov 25, 2021 5:54am Nov 25, 2021 5:54am
Quoting TraderGokul
Gold may create double bottom at 61.8 Fibonacci and may create 100-200pip lower high......After that dropping continues. .......what do you expect?
150pips BE as expected
  • #1,845
  • Nov 25, 2021 11:20pm Nov 25, 2021 11:20pm
1798 region now turning into resistance once again.

With the discovery of a new variant of COVID, I would be expecting gold to be going up but it seems that market expectations are still eyeing FED tapering. Buyers are definitely starting to come in but it doesn't feel strong enough just yet.
A 1 pip gain is better than a 1 pip loss.
  • #1,846
  • Nov 26, 2021 12:03am Nov 26, 2021 12:03am
Quoting antoe
Need wait to see confirmation at daily but will try to wait for the price reach 1781 again to buy, hopefully reverse HnS appear at H1 Regards, Fitriyanto {image}
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Daily , i think its no good enough but its still good . lol

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i dont think this can we call reverse HnS but 1810-1814 look like promising TP for today.
looking buy set up at 1790.

Regards,
Antoe
  • #1,847
  • Nov 26, 2021 12:49am Nov 26, 2021 12:49am
Quoting aeternum
1798 region now turning into resistance once again. With the discovery of a new variant of COVID, I would be expecting gold to be going up but it seems that market expectations are still eyeing FED tapering. Buyers are definitely starting to come in but it doesn't feel strong enough just yet.
We broke out of 1795, current hourly candle making a decent push out of 1798 region and breaking back into 1800. 38.2 retracement currently lies at 1816.17, but I don't really see much there to hold it down.

We could be starting to form a high of some sort with this up move, question is will it be higher than 1877 or will the next low be lower than 1780. Also need to take into account that Dec and Jan are seasonally bullish for Gold. Along with the new COVID variant, we could see gold higher fundamentally if we get some poorer than expected US news next week.
A 1 pip gain is better than a 1 pip loss.
  • #1,848
  • Nov 26, 2021 1:15am Nov 26, 2021 1:15am
Quoting TrickorTrade
{quote} True it can be just a retracement. But I see a huge gap that needs to be filled before gold continues its bearish trend. All we can do is observe now and Ill keep my longs open till any sign of reversals. Volume will be low due to holidays. Monday we will see bigger moves
Longs still open since 1785. Target still 1845 level
  • #1,849
  • Nov 26, 2021 2:08am Nov 26, 2021 2:08am
Quoting aeternum
{quote} We broke out of 1795, current hourly candle making a decent push out of 1798 region and breaking back into 1800. 38.2 retracement currently lies at 1816.17, but I don't really see much there to hold it down. We could be starting to form a high of some sort with this up move, question is will it be higher than 1877 or will the next low be lower than 1780. Also need to take into account that Dec and Jan are seasonally bullish for Gold. Along with the new COVID variant, we could see gold higher fundamentally if we get some poorer than expected...
Hourly candle smacked straight into 1807.91 which was a line of resistance and support that has seen tests back in August throughout September and October. It is starting to look a little overbought on smaller time frames but sometimes gold just wants to go wherever it wants to go even if it is overbought or oversold.

There is still a chance we can even go all the way to 1831-1834. Still curious to see if we are in a bigger up trend or bigger down trend with 1873 and 1761 still intact. Although based on the daily, I would say we are bullish, the recent drop was simply a retracement, and there'd be a good chance we break above 1877 with this coming up move and peek at 1900. Curious to see how the daily bar ends.
A 1 pip gain is better than a 1 pip loss.
  • #1,850
  • Nov 26, 2021 2:39am Nov 26, 2021 2:39am
Today the stock market has a chance of putting on a real Black Friday. I know this is a seasonal bullish time, but...
Observation is the path to discovery.
  • #1,851
  • Nov 26, 2021 2:39am Nov 26, 2021 2:39am
Quoting aeternum
{quote} Hourly candle smacked straight into 1807.91 which was a line of resistance and support that has seen tests back in August throughout September and October. It is starting to look a little overbought on smaller time frames but sometimes gold just wants to go wherever it wants to go even if it is overbought or oversold. There is still a chance we can even go all the way to 1831-1834. Still curious to see if we are in a bigger up trend or bigger down trend with 1873 and 1761 still intact. Although based on the daily, I would say we are bullish,...
gold is still bullish in m5
  • #1,852
  • Nov 26, 2021 2:47am Nov 26, 2021 2:47am
Quoting aeternum
{quote} Hourly candle smacked straight into 1807.91 which was a line of resistance and support that has seen tests back in August throughout September and October. It is starting to look a little overbought on smaller time frames but sometimes gold just wants to go wherever it wants to go even if it is overbought or oversold. There is still a chance we can even go all the way to 1831-1834. Still curious to see if we are in a bigger up trend or bigger down trend with 1873 and 1761 still intact. Although based on the daily, I would say we are bullish,...
Looks like we have some strong rejection at 1807. Friday being Friday. Going to just sit out and enjoy the weekend. No point catching tails that may not bear fruits.
A 1 pip gain is better than a 1 pip loss.
  • #1,853
  • Nov 26, 2021 3:25am Nov 26, 2021 3:25am
Quoting aeternum
{quote} Looks like we have some strong rejection at 1807. Friday being Friday. Going to just sit out and enjoy the weekend. No point catching tails that may not bear fruits.
but trend and momentum are both bullish so 1807 will be breached again
  • #1,854
  • Nov 27, 2021 1:43am Nov 27, 2021 1:43am
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  • #1,855
  • Nov 29, 2021 12:20am Nov 29, 2021 12:20am
Quoting TrickorTrade
{quote} Longs still open since 1785. Target still 1845 level
Had closed my long1806

Now looking at shorts at 1795
  • #1,856
  • Nov 29, 2021 1:00am Nov 29, 2021 1:00am
Quoting TrickorTrade
{quote} Had closed my long1806 Now looking at shorts at 1795
Gold short taken
  • #1,857
  • Nov 29, 2021 2:07am Nov 29, 2021 2:07am
Quoting TrickorTrade
{quote} Gold short taken
I will trade after asian session coz it is slow and most of the times i get confused about trend during asian session.
  • #1,858
  • Nov 29, 2021 2:41am Nov 29, 2021 2:41am
Quoting OwaisJam
{quote} I will trade after asian session coz it is slow and most of the times i get confused about trend during asian session.
Price still look like it wants to go to my original target 1845. Will observe and enter long if it makes sense. Price about to hit my short SL
  • #1,859
  • Nov 29, 2021 3:17am Nov 29, 2021 3:17am
Bulls are in charge i am sure now now i will buy after PA confirmation
  • #1,860
  • Nov 29, 2021 9:29am Nov 29, 2021 9:29am
Quoting TrickorTrade
{quote} Price still look like it wants to go to my original target 1845. Will observe and enter long if it makes sense. Price about to hit my short SL
Closed short at 1:2 RR. Almost hit my SL missed by 0.2 pips.
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