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  • #3,081
  • Aug 4, 2022 12:50pm Aug 4, 2022 12:50pm
Quoting montygoldy
Gut feeling weekly candle can touch 1810+++….
Seems like tomorrow we can hit this target with red news….. we also broke week high… great possibility of next wave up… my tp is set at 1814
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Extreme gut feeling trader
  • #3,082
  • Edited 1:48pm Aug 4, 2022 1:33pm | Edited 1:48pm
Quoting ForexGoose
It seems like the Gold rally is due to the perceived China threat. I wouldn't buy from current levels under 1800 at this time as the price can reverse back down. https://www.theguardian.com/world/li...osi-visit-live {quote} {image}
I agree with you on one thing for sure that I am not taking any more long positions. I already have three long positions which I want to close at 1799. After that I only have short positions but I am not sure that how much price will go up.



Bearish point of gravity is 1723
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Love for all; Hatred for none.
  • #3,083
  • Aug 4, 2022 1:49pm Aug 4, 2022 1:49pm
Another reason that Gold is rallying.

https://www.cnbc.com/2022/08/04/bide...in-the-us.html
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,084
  • Aug 4, 2022 2:14pm Aug 4, 2022 2:14pm
Quoting khallas
Not the time I prefer to trade but enter short now @ 1787.2. {image}
Hi khallas, nice avatar!

BO, double top, V pattern building

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  • #3,085
  • Aug 4, 2022 2:18pm Aug 4, 2022 2:18pm
Quoting ForexGoose
Another reason that Gold is rallying. https://www.cnbc.com/2022/08/04/bide...in-the-us.html

Biden mentioned he was preparing for another pandemic.
UK has similar situation, queues outside jab centres.
  • #3,086
  • Aug 4, 2022 7:36pm Aug 4, 2022 7:36pm
Quoting ForexGoose
Another reason that Gold is rallying. https://www.cnbc.com/2022/08/04/bide...in-the-us.html
Another reason of bullish rally
Spot gold advanced over 1% on Thursday following a decrease in the United States Treasury yields, which could have encouraged investors to buy the yellow metal. Furthermore, the instability in the Taiwan Strait and worries about a global recession seemingly helped
Love for all; Hatred for none.
  • #3,087
  • Aug 5, 2022 6:49am Aug 5, 2022 6:49am
We will see if the NFP report causes a breakout to the top or a bear move back under 1784
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,088
  • Aug 5, 2022 7:33am Aug 5, 2022 7:33am
Quoting ForexGoose
Sell limit at 1784, stop loss above 1800, target is 1767 and below
strong NFP report, bulls might face a trap above 1784
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,089
  • Aug 5, 2022 8:17am Aug 5, 2022 8:17am
GLD is going to be dumped, looks like a nice setup for shorts and option puts
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,090
  • Aug 5, 2022 8:58am Aug 5, 2022 8:58am
waiting for it to reach 1751 on the hourly chart
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,091
  • Aug 6, 2022 11:39am Aug 6, 2022 11:39am
Gold XAUUSD is a sweetheart.
It is all about the foreign exchange market.
  • #3,092
  • Aug 7, 2022 11:27am Aug 7, 2022 11:27am
watching gold pa
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #3,093
  • Aug 7, 2022 2:58pm Aug 7, 2022 2:58pm
some missing PP.., daily & monthly
H2
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wolfe wave pattern.., still watching
H4
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charting with fxstreet
dolce vita
  • #3,094
  • Aug 7, 2022 3:19pm Aug 7, 2022 3:19pm
beautiful monthly ichimoku chart
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charting with fxstreet
dolce vita
  • #3,095
  • Aug 8, 2022 6:23am Aug 8, 2022 6:23am
I will wait until after the CPI report to sell again this week. Maybe it could rally to 1800 or slightly above.
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,096
  • Aug 8, 2022 6:52am Aug 8, 2022 6:52am
They will be a pullback on those zone on 15m timeframe
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  • #3,097
  • Aug 8, 2022 11:35pm Aug 8, 2022 11:35pm
Buy gold with 1779 SL?
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  • #3,098
  • Aug 9, 2022 8:09am Aug 9, 2022 8:09am
Quoting montygoldy
{quote} Seems like tomorrow we can hit this target with red news….. we also broke week high… great possibility of next wave up… my tp is set at 1814 {image}
still holding.......
Extreme gut feeling trader
  • #3,099
  • Edited 9:57am Aug 9, 2022 9:16am | Edited 9:57am
Quoting aahmad29
{quote} Can you post chart in support of head and shoulders pattern? I have closed some long positions but i still have some with multiple targets 1770 , 1781, 1799. Now price is in my selling zone and i have started adding short positions. My bullish point of gravity is 1799 and now selling point of gravity has created 1723.
So today after great level of patience, my bullish point of gravity was achieved. I had three long positions and did not want to close in loss so I closed at 1799 with minimal profit. One position in loss , one in profit and one at BE. I don’t know how much price will go up but now there is one thing that I have bearish point of gravity which is 1723. I already have short positions and I will add some more and will close during bearish move.
All long positions are closed and now bearish journey starts.
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Love for all; Hatred for none.
  • #3,100
  • Edited 2:30pm Aug 9, 2022 1:29pm | Edited 2:30pm
I do not use weekly point of gravity in my day trading but I keep it for reference. My weekly bullish point of gravity is 1835. Let’s see when this is achieved. My H1 bearish point of gravity is 1723.

I have to work more on my patience to improve trading outcome. Out of my 10 long or short positions , I will close 7 of them with at least 500 points on XAUUSD. In total my each cycle must have at least 3500 points. This is my new resolution. So now short positions cycle has started for me so let’s start counting.
Love for all; Hatred for none.
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