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  • #4,101
  • Nov 8, 2022 1:28am Nov 8, 2022 1:28am
Quoting Turukmaktu
this is my chart will go short once hit 1712.94. but for now I'll wait 1664 if what will happen {image}
> this is my chart will go short once hit 1712.94

----> I would be surprised if it even touches 1700 this week.
Meditate -> Workout -> Good Food = Good Life!
  • #4,102
  • Nov 8, 2022 6:59am Nov 8, 2022 6:59am
Quoting pundit78
My next target is 1709. SL - 1665 {image}
SL not hit yet.
  • #4,103
  • Nov 8, 2022 7:19am Nov 8, 2022 7:19am
Quoting ForexGoose
I put in a sell order from 1672, stop above 1683, target is open
this is what I predict the price action to be until the CPI report is released on Thursday
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-11-08_08-17-57.png Size: 36 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,104
  • Nov 8, 2022 8:04am Nov 8, 2022 8:04am
Quoting ForexGoose
{quote} this is what I predict the price action to be until the CPI report is released on Thursday {image}
I concur, 1683 has been really strong, and has been the 2 year low before late September this year, and the CPI, especially the Core CPI will most likely not be soft as many are hoping for, and Gold is not appreciating enough so I think the upward momentum is fizzling out, thanks to outflows, rate hikes, US monetary policy tightness, and China struggling with Covid-19, again. Also, BOE news is set to disappoint again... I didn't mention the political midterm elections, but that won't effect FX this week, apparently... Oh, and Ukraine & Russia mentioned talking terms, so... Another downer for Gold! Just a matter of time. The only thing that bothers me is the triple bottom at 1615...
"Who Dares Wins"
  • #4,105
  • Nov 8, 2022 9:10am Nov 8, 2022 9:10am
Quoting ForexGoose
{quote} this is what I predict the price action to be until the CPI report is released on Thursday {image}
Gold exploded past 1683, but I think that this is still temporary until the CPI report is released.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,106
  • Nov 8, 2022 9:17am Nov 8, 2022 9:17am
Quoting YellowFellow
{quote} > this is my chart will go short once hit 1712.94 ----> I would be surprised if it even touches 1700 this week.
What were you saying again about 1700?
  • #4,107
  • Nov 8, 2022 9:18am Nov 8, 2022 9:18am
Quoting ForexGoose
{quote} Gold exploded past 1683, but I think that this is still temporary until the CPI report is released.
Am begining to think that cpi will be soft and the next strong resistance is 1730
  • #4,108
  • Nov 8, 2022 9:21am Nov 8, 2022 9:21am
Quoting ForexGoose
{quote} Gold exploded past 1683, but I think that this is still temporary until the CPI report is released.
The dollar index should find good support at the 109.400 level. From there this corrective positioning on the dollar should reverse to head towards 113.00
  • #4,109
  • Nov 8, 2022 9:27am Nov 8, 2022 9:27am
Quoting pundit78
{quote} SL not hit yet.
Finally near to target.
  • #4,110
  • Nov 8, 2022 9:29am Nov 8, 2022 9:29am
there is news on gold right now. i got hue profit thanks to that.
  • #4,111
  • Nov 8, 2022 9:31am Nov 8, 2022 9:31am
Quoting solomonc
{quote} Am begining to think that cpi will be soft and the next strong resistance is 1730
Short gold from 1729 and close your position(s) once DXY gets to 113
  • #4,112
  • Nov 8, 2022 9:32am Nov 8, 2022 9:32am
massive
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 6 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,113
  • Nov 8, 2022 9:33am Nov 8, 2022 9:33am
Quoting sboy.s63
{quote} I am still waiting for 1695 then 1735 to 1746
With the defeat of 1695, gold moves towards the next targets
  • #4,114
  • Nov 8, 2022 9:37am Nov 8, 2022 9:37am
Quoting Preethi
I think target1706
good
  • #4,115
  • Nov 8, 2022 9:43am Nov 8, 2022 9:43am
Quoting ForexGoose
massive {image}
Woa that just happened! Knew I should have left my TP out, must have been the TIPPS data showing contraction. Well done Pundit! You were right on! Gold took me out once more. Back to the drawing board and more studying!
"Who Dares Wins"
  • #4,116
  • Nov 8, 2022 9:44am Nov 8, 2022 9:44am
on h4 timeframe is bull movement. i see soon there'll be rollback.
  • #4,117
  • Nov 8, 2022 9:58am Nov 8, 2022 9:58am
Quoting Ravenfeeder
{quote} Woa that just happened! Knew I should have left my TP out, must have been the TIPPS data showing contraction. Well done Pundit! You were right on! Gold took me out once more. Back to the drawing board and more studying!
I got taken out to feels good to share the pain
  • #4,118
  • Nov 8, 2022 9:59am Nov 8, 2022 9:59am
Closed long position 1700-1710
Love for all; Hatred for none.
  • #4,119
  • Nov 8, 2022 10:12am Nov 8, 2022 10:12am
Quoting Sankara001
{quote} What were you saying again about 1700?
Below is what:

----> I would be surprised if it even touches 1700 this week.

Actually I am surprised in an unpleasant way :-(
Meditate -> Workout -> Good Food = Good Life!
  • #4,120
  • Edited 1:31pm Nov 8, 2022 1:19pm | Edited 1:31pm
Quoting Sankara001
{quote} The dollar index should find good support at the 109.400 level. From there this corrective positioning on the dollar should reverse to head towards 113.00
Seems like this is happening currently but expect a slightly lower leg back to 109.200/250 before it finds better support above 109.400 between tomorrow and Thursday which should in turn give gold its peak price of the week before we see a crush back to the lower 1600s and possibly 1580. DXY should be back to 113.00 in the next few weeks possibly before end of this month.
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