Gold

Could be a bear trap on daily chart today

Fine analyses, it's all anticipation.

Fine analyses, it's all about anticipation.

Another attempt of price to reach 1800 level is happening now

Gold markets rallied a bit on Wednesday but has also found plenty of selling pressure near the $1833 level. The Gold market continues to slump in general and now looks as if it is threatening a significant uptrend line. The market breaking down below the uptrend line could be important to pay attention to, but we think there is even more support to be found just below and near the $1800 level.

closed position with loss

bears will likely target 1784 and then 1767

maybe there will be a bounce on h4

maybe 1810 is a possible target on h4

I had four long positions. One is closed in profit from 1791 to 1799. Other three long positions are targeted at 1810.

As i mentioned earlier that there are more buyers sitting at 1789 so now it will be interesting (tug of war) between buyers and sellers.

GAME IS ON.

it is weak on h1

i wanted to see a fat green candle towards 1810

If sellers win this competition then next we have to look at the candle which formed in August 2021. Here is the detail of that candle in H4
OPEN: 1762.39
HIGH:1763.81
LOW:1669.79
CLOSE:1729.30

yes, I also see 1683 as a multi-month target if there is a sustained break of 1800

maybe 1815?

Hello Friends,

PHASE 1 COMPLETE AND I HAVE CLOSED MY EXISTING TRADING ACCOUNT.

I don't know why the percentage is differing, it is showing only profit of 15802.00 and 297.1% in 24 days( Including 6 holidays) where as it should be 17711.00 and 519%.
Maybe xauusd profit is not considered. Anyhow it hardly matters to me as long as am getting 7-10% daily.
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...l?d=1656681820


GOING LIVE FOR PHASE 2 NOW FROM MY ECN ACCOUNT.
I hope all your wishes will be there with me.


Trade Safe

WELCOME 2 SEASON 2...........

Last trade of the week Buy Xauusd 1804. Tp 1806.50 Edit- TP 1807.60 Trade Safe
Hi, Just a quick 25 pips.

Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...l?d=1656699788

WELCOME TO SEASON 2.



Trade Safe

All trades closed with Net profit.

Buy 1791 to 1800 profit
Buy 1801 to 1808 profit
Buy 1809 to 1808 loss
Buy 1816 to 1808 loss

set buy limit @1800 TP 1808

Set Buy limit @1791 TP 1799

My rebound calculations were mixed up between H1 and H4 time frames. I prefer buy/sell signal on H4 but for rebound calculations I trust H1 timeframe. Reason is that Sometimes H4 timeframe rebound calculations takes way more time to rebound. I was able to close all trades today with Net profit so I did it.

H4 rebound Target is 1812
H1 rebound Target is 1808

Thats why I closed all trades at 1808.

HAVE A NICE WEEKEND EVERYONE.

Here is my final score of this week.

below 1810, it looks like a bull trap on the daily chart

Hey I think you're right, considering we have broken through 1800, haven't re-tested 1786, or touched 1780, and we have also haven't closed above the previous daily candle, and the weekly doesn't look Bullish either.

I think there might be some correction, especially with the start of a new week, and month, and the Asian open enjoys a rally, especially after the significant slide, even though it could probably wick fill to about 1825, and then fizzle out as the NFP could send it back down on Friday

I for one cannot wait to see to how low Gold will drop before finally making a new epic bull run back to 2000, which will probably only happen later when the inflation cools and rate hikes can also ease. We haven't been to the low 1700's or high 1600's in months and months...

Perhaps we'll go there and then gain sufficient buyers at such low prices to help establish a new bull run.

Let see which pattern will unfold -
double bottom or bearish continuation / descending triangle.

Hi, this is my view on gold , important levels for me 1795 and 1830. The 1795 for me will lead to 1760 or lower ,1830 could lead at least to 1860.
For this week I don't see big movement 5-11 usd max. I would like to sell at 1817-1821 and buy 1797-1800.