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EURUSD & GOLD

  • Post #1
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  • First Post: Oct 18, 2024 9:50pm Oct 18, 2024 9:50pm
both pairs are interlinked with each other and both depend on USD for direction and momentum.
without momentum in a trade we cannot collect good returns.
In this thread apart from basic technical charts we will also aim to look at fundamental events to try and forecast future price patterns
ALL INDICATORS used by me in this thread are taken from forexfactory itself so don't ask me for them, sarch for them.
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FF please don't allow this idiot to open another thread. He is already flooding whole forex factory with his crappy posts.
GT All Time Return: 64.5%
Basic BB & macd on h4 chart is all you need along with the BB slingshot method
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Quoting PatienceFx
Basic BB & macd on h4 chart is all you need along with the BB slingshot method {image} {image}
Getting 40% in 4 days using a basic method was not bad
We learn new things daily
Quoting IndianFX
FF please don't allow this idiot to open another thread. He is already flooding whole forex factory with his crappy posts.
Patience has been here for 13 years, you for 4 months. Kindly fuck off twat.
Few people have the knowledge and desire to teach others as our Friend PatienceFx does.

All our respect for him!
Understanding why gold is going up

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my trading charts for week ended 18 October

i found BB 10 as most logical approach in tracking trend
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Quoting PatienceFx
my trading charts for week ended 18 October i found BB 10 as most logical approach in tracking trend {image} {image} {image} {image}
as you can see gold has periods which can destroy accounts, so it becomes prudent to trade only when there is a logical trend
We learn new things daily
Quoting PatienceFx
{quote} as you can see gold has periods which can destroy accounts, so it becomes prudent to trade only when there is a logical trend
My logic:

Gold being linked to the dollar, means that it has the opposite route to the US economy, but also to the USDX. From April 2024 to September 2024, the dollar was weak. But since September 10, the dollar has become strong due to economic data.
If the forecasts to be released on October 24th about the US economy are correct, then XAUUSD and EURUSD will fall sharply. I tend to believe that the forecasts are correct because the housing industry in the USA has started to evolve, which will also activate the manufacturing industry.
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gold price variance over time
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Quoting PatienceFx
biểu đồ giao dịch của tôi trong tuần kết thúc vào ngày 18 tháng 10, tôi thấy BB 10 là phương pháp hợp lư nhất để theo dơi xu hướng {image} {image} {image} {image}
Hi PatienceFx can you share your system, thanks!
  • Post #13
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  • Edited 3:41am Oct 20, 2024 2:46am | Edited 3:41am
Quoting PatienceFx
gold price variance over time {image}
Where is the crisis if eurusd, W1, is maintained between 1.12 -1.05 for a year and a half?

Why are the BRICS Central Banks buying a lot of gold, and the European and American central banks are staying quiet? Probably the BRICS central banks will refer to gold, and the American and European ones will refer to the CBDC.

https://en.m.wikipedia.org/wiki/Cent...gital_currency

https://finance.yahoo.com/news/13tn-...071625573.html
Quoting PatienceFx
my trading charts for week ended 18 October i found BB 10 as most logical approach in tracking trend {image} {image} {image} {image}
I am learnig with you and Gelubrin. Thx for that.

Are you refering BB as Brigitte Bardout, or Bolinger Bands?
Quoting ElvisAnt
{quote} I am learnig with you and Gelubrin. Thx for that. Are you refering BB as Brigitte Bardout, or Bolinger Bands?
K.I.S.S. strategy is the best

Keep it simple stupid
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Wondering if the recent low can be broken
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Gold should continue the climb till November 5
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gold started the week on a positive note above last week high of 2721

this week we should achieve 2804
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eurusd is struggling within last week candle range and has not given any trade yet

but the general thought is that above 8738 the week may below bullish and below this level the week may be bearish
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