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  • #3,341
  • Sep 8, 2022 8:22am Sep 8, 2022 8:22am
Quoting ForexGoose
I predict that gold will spike up after the ECB and then crash down when Powell starts to speak. I will try to sell rallies later after the NY open.
bears might get to 1683 in the near-term if the rally today fails
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,342
  • Sep 8, 2022 8:30am Sep 8, 2022 8:30am
Quoting ForexGoose
{quote} bears might get to 1683 in the near-term if the rally today fails {image}
I think price is gonna keep hunting SL or filling up FVG's until September 21 and then will try to break support. Canada has already increased the interest rates yesterday and US is also gonna do it but i am not sure that if this attempt can save the both countries from small recession.
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  • #3,343
  • Sep 8, 2022 9:42am Sep 8, 2022 9:42am
Quoting aahmad29
Closed one short position 1723 -1712 I am holding another short position from 1718 with TP@1708. Note: 1708 is bullish FVG. I can use this FVG as target for short position because daily trend is bearish. {image}
Closed another short position 1718-1708
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  • #3,344
  • Sep 8, 2022 11:58am Sep 8, 2022 11:58am
on h4 timeframe i see bullish movement with a tearing bear. the movement is downward. i suppose if gold break through level of 1687.7 then the bearish time begin.
  • #3,345
  • Sep 8, 2022 8:19pm Sep 8, 2022 8:19pm
Long position closed

1709-1715
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  • #3,346
  • Sep 8, 2022 11:05pm Sep 8, 2022 11:05pm
XAU/USD Retail cumulative delta volume from 3 mt5 brokers shows mixed/slightly bullish sentiment.
Pink line is price (ma1), black is volume (clients) graph from last 2 weeks..
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  • #3,347
  • Sep 9, 2022 3:30am Sep 9, 2022 3:30am
The only way i have been successful in gold trading is scalping.
  • #3,348
  • Sep 9, 2022 6:16am Sep 9, 2022 6:16am
It is possible for it to rally towards the 1750 area, from where I’d like to sell at again

maybe the price will stall out next week after the U.S. CPI report
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,349
  • Sep 9, 2022 7:14am Sep 9, 2022 7:14am
Quoting Lekkim
XAU/USD Retail cumulative delta volume from 3 mt5 brokers shows mixed/slightly bullish sentiment. Pink line is price (ma1), black is volume (clients) graph from last 2 weeks.. {image}
Is this COT indicator available ? I downloaded one from here at FF but it was repainting badly otherwise i always look for this indicator for analysis.

Regards
Love for all; Hatred for none.
  • #3,350
  • Sep 9, 2022 7:32am Sep 9, 2022 7:32am
Quoting Lekkim
XAU/USD Retail cumulative delta volume from 3 mt5 brokers shows mixed/slightly bullish sentiment. Pink line is price (ma1), black is volume (clients) graph from last 2 weeks.. {image}
that means the retail traders will be dumped on as the FED raises rates further and keeps them high for a longer time

https://www.barchart.com/futures/quo...eractive-chart
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,351
  • Sep 9, 2022 8:25am Sep 9, 2022 8:25am
Quoting ForexGoose
{quote} that means the retail traders will be dumped on as the FED raises rates further and keeps them high for a longer time https://www.barchart.com/futures/quo...eractive-chart
Last time when price was about to break support @1680, i mentioned this candle (August 9,2021) with long wick. You never know that MM's are hiding their long positions in that area. Low of that candle was 1670. If raised interest rate couldn't help the price to break that support then price is gonna go straight to 1840. With increase in interest rate, there is another fear is developing that interest rates are not helping the economy as FED's expected. If price reach 1670 area then i will wait for daily candle to close below 1670 on September 21.
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Click to Enlarge Name: XAUUSD.png Size: 13 KB
Love for all; Hatred for none.
  • #3,352
  • Sep 9, 2022 8:36am Sep 9, 2022 8:36am
Quoting aahmad29
{quote} Last time when price was about to break support @1680, i mentioned this candle (August 9,2021) with long wick. You never know that MM's are hiding their long positions in that area. Low of that candle was 1670. If raised interest rate couldn't help the price to break that support then price is gonna go straight to 1840. With increase in interest rate, there is another fear is developing that interest rates are not helping the economy as FED's expected. If price reach 1670 area then i will wait for daily candle to close below 1670 on September...
Gold has less value if the real interest rates are high
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,353
  • Sep 9, 2022 8:46am Sep 9, 2022 8:46am
there could be a bounce intra-day again, unless there is a bigger dump towards 1683

FED speakers might say something interesting later in the day
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,354
  • Sep 9, 2022 8:50am Sep 9, 2022 8:50am
Quoting aahmad29
{quote} Is this COT indicator available ? I downloaded one from here at FF but it was repainting badly otherwise i always look for this indicator for analysis. Regards
Yeah the other cumulative had it flaws, the one posted today is another new one I’m testing out which does not rescale/repaint, it’s not the same as in my thread.
  • #3,355
  • Sep 9, 2022 8:53am Sep 9, 2022 8:53am
Quoting Lekkim
{quote} Yeah the other cumulative had it flaws, the one posted today is another new one I’m testing out which does not rescale/repaint, it’s not the same as in my thread.
Thanks for your efforts.

Are you going to post this new one ?
Love for all; Hatred for none.
  • #3,356
  • Sep 9, 2022 8:56am Sep 9, 2022 8:56am
Quoting ForexGoose
{quote} that means the retail traders will be dumped on as the FED raises rates further and keeps them high for a longer time https://www.barchart.com/futures/quo...eractive-chart
Normally yeah that would make sense, but think about it this way, retails are already getting dumped on when price differs a lot, but should return. That’s why for example if price going opposite direction (retails in the lose), then somehow it goes back toward volume line, does it make sense?
  • #3,357
  • Sep 9, 2022 9:00am Sep 9, 2022 9:00am
Quoting aahmad29
{quote} Thanks for your efforts. Are you going to post this new one ?
Thank you aahmad29. Yeah I’m planning to but first I’m testing it back and forward and make live calls with it. If it goes well I will share, this one is a paid indicator though, but not that pricey. Good luck
  • #3,358
  • Sep 9, 2022 9:05am Sep 9, 2022 9:05am
Closed one more short position.

1725 -1713

September Target = 20,000 Points

On Average i should have 10,000 before September 15 and it looks like i will be there.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.png Size: 25 KB
Love for all; Hatred for none.
  • #3,359
  • Sep 9, 2022 9:10am Sep 9, 2022 9:10am
Quoting ForexGoose
{quote} Gold has less value if the real interest rates are high {image}
Yes you are right about fundamentals. That's why i am not adding any other long position. I still have easy margin for four more positions. I have added Buy Limit @1690 but if it doesn't trigger before September 21 then i will change to 1683. I will keep availing SHORT opportunities.

At this moment, my focal point system is showing the target of 1697.
Love for all; Hatred for none.
  • #3,360
  • Sep 9, 2022 9:30am Sep 9, 2022 9:30am
Quoting aahmad29
{quote} Yes you are right about fundamentals. That's why i am not adding any other long position. I still have easy margin for four more positions. I have added Buy Limit @1690 but if it doesn't trigger before September 21 then i will change to 1683. I will keep availing SHORT opportunities. At this moment, my focal point system is showing the target of 1697.
I am bearish on Gold, but I would still try to add long positions from near the 1683 area and then take profit on any rallies. I would be buying from that area until I get stopped out under 1675.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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