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  • #621
  • Sep 13, 2021 5:03am Sep 13, 2021 5:03am
Quoting Alorente
We should keep our eye on the big picture. The monthly chart shows an almost perfect Cup with Handle formation that should break higher. If and when it does, the projected price is 2786. Monthly chart below. {image}
Agree, for me first target is 2,320, but yeah 2,786 would be awesome!
  • #622
  • Sep 13, 2021 6:32am Sep 13, 2021 6:32am
Quoting fxmasterdxb
{quote} Agree, for me first target is 2,320, but yeah 2,786 would be awesome!
First target is 1916.
Second target is 2075

2786 may take a long time to reach. Many months...
Observation is the path to discovery.
  • #623
  • Sep 13, 2021 6:59am Sep 13, 2021 6:59am
Quoting Alorente
{quote} First target is 1916. Second target is 2075 2786 may take a long time to reach. Many months...
Of course!

For me 2000 by year end
  • #624
  • Sep 13, 2021 7:51am Sep 13, 2021 7:51am
expected to retrace arround 1823 but looks like going down (maybe), so i enter here, SELL Gold, very thight stop loss 1795, i don't want to hurt went this time get wrong.
there is bearish divergent on daily time frame, could be a trap, but who knows,
the party maybe next week when FOMC meeting,
  • #625
  • Sep 13, 2021 8:01am Sep 13, 2021 8:01am
Quoting baikenan
expected to retrace arround 1823 but looks like going down (maybe), so i enter here, SELL Gold, very thight stop loss 1795, i don't want to hurt went this time get wrong. there is bearish divergent on daily time frame, could be a trap, but who knows, the party maybe next week when FOMC meeting,
better buy and stop below 1782 dont you think?
same risk but buy the low.
  • #626
  • Sep 13, 2021 8:09am Sep 13, 2021 8:09am
One possible scenario. Arc forming? I think sentiment is not bearish enough? However, year end seasonality is the most bullish for gold and silver. My 6 month target for gold is 2000+
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  • #627
  • Sep 13, 2021 8:18am Sep 13, 2021 8:18am
just closed somes, leave 1, hope up up up. maybe i am wrong.
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  • #628
  • Sep 13, 2021 8:23am Sep 13, 2021 8:23am
Quoting fxzones
just closed somes, leave 1, hope up up up. maybe i am wrong. {image}
i dont want to open my mouth due to bad luck.
but hell, i just need to share.
base my experience, elliot wave:c wolf pattern, fibonaci price cycle, tomorrow we should hit 1820/1823 area.
or at least 1808

you can try to sell it, but when we get break of the h1 structure, in other words HH, run away
  • #629
  • Sep 13, 2021 8:28am Sep 13, 2021 8:28am
Quoting fxzones
just closed somes, leave 1, hope up up up. maybe i am wrong. {image}
Closed
  • #630
  • Sep 13, 2021 8:33am Sep 13, 2021 8:33am
Quoting gatenio
{quote} better buy and stop below 1782 dont you think? same risk but buy the low.
that's right, i just try not to break my rule, 'don't trade again main trend' and my trend is still bearish till it break 1833, fed statement and NFP can't break it, even just 1 pips left, so i still a bear till it make a clear break even just 1 pip, when it happen then i will try to look for a chance enter as a bull.

(and looks like now he will get my stop loss, haha),

may be i will just wait at the top arround 1823, no buy for me,
  • #631
  • Sep 13, 2021 8:33am Sep 13, 2021 8:33am
IMHO the PA is looking for upward direction so far. Well, there is chance to retrace 1750 again but it have to come back. Next week is crucial and we'll see what is the play.

Note: this picture is only price action/trend based drawing.
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Try the simple and make it for you ~
  • #632
  • Sep 13, 2021 8:37am Sep 13, 2021 8:37am
Quoting baikenan
{quote} that's right, i just try not to break my rule, 'don't trade again main trend' and my trend is still bearish till it break 1833, fed statement and NFP can't break it, even just 1 pips left, so i still a bear till it make a clear break even just 1 pip, when it happen then i will try to look for a chance enter as a bull. (and looks like now he will get my stop loss, haha), may be i will just wait at the top arround 1823, no buy for me,
so true, trend bearish, but im trend reversal trader.
good luck bro, hope we will get 1822
  • #633
  • Sep 13, 2021 8:37am Sep 13, 2021 8:37am
When you go downstairs to make a brew and miss your entry on the trade you've been waiting for
  • #634
  • Sep 13, 2021 8:57am Sep 13, 2021 8:57am
Quoting Yoda-88
When you go downstairs to make a brew and miss your entry on the trade you've been waiting for
buy limit bro..
hate it, they never activate, always missed by inch, and if they do.. SL hut as well
  • #635
  • Sep 13, 2021 9:04am Sep 13, 2021 9:04am
Quoting gatenio
{quote} buy limit bro.. hate it, they never activate, always missed by inch, and if they do.. SL hut as well
Ye it's frustrating, Oh well there will always be another trade
  • #636
  • Sep 13, 2021 9:14am Sep 13, 2021 9:14am
Big divergences in GDX and GDXJ. One more sign of bottoming...
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  • #637
  • Sep 13, 2021 9:42am Sep 13, 2021 9:42am
Quoting LITEchild
{quote} From my personal journal... can you spot the liquidity pools being exposed by price and time action? From a higher timeframe perspective, New York started making Higher lows(and higher highs) two Sessions back(Wednesday). None of those lows have been broken yet. Bulls will still react at a price level.(Homework). {image} {image}
Answer to the homework like clockwork
  • #638
  • Sep 13, 2021 10:02am Sep 13, 2021 10:02am
Quoting LITEchild
{quote} Answer to the homework like clockwork
FUN FACT...NY Yet to properly breakout of another NY High in September....
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  • #639
  • Sep 13, 2021 10:38am Sep 13, 2021 10:38am
Quoting LITEchild
{quote} FUN FACT...NY Yet to properly breakout of another NY High in September.... {image}
Depending on how NY closes today, I fully expect todays high to be broken tomorrow or at most by Wednesday...
  • #640
  • Sep 13, 2021 11:55am Sep 13, 2021 11:55am
Golden Opportunity for GOLD in my opinion.
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