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Gold

Quoting solomonc
How much confidence do you have in this bull or is bear positioning for an attack?
Bulls are charged up to take Gold to 1850.
Quoting solomonc
How much confidence do you have in this bull or is bear positioning for an attack?
In my opinion, there is currently no disruption in the upward trend of gold, and in the daily time frame, we see the return pattern of the Morning Star.
Quoting sboy.s63
{quote} In my opinion, there is currently no disruption in the upward trend of gold, and in the daily time frame, we see the return pattern of the Morning Star.
On the other hand , GBPUSD has set a new price ceiling in daily
do not forget please about WPPs
classic 1861th, Demark's 1857th.., data slightly differs from site to site
ichimoku H4
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DeMark's DR1 is 1765th and DPPs around 1742th (classic)&1745th(DeMark's)

and.., no NY today.., Thanksgiving
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dolce vita
Quoting babayaga
do not forget please about WPPs classic 1861th, Demark's 1857th.., data slightly differs from site to site ichimoku H4 {image}DeMark's DR1 is 1765th and DPPs around 1742th (classic)&1745th(DeMark's) and.., no NY today.., Thanksgiving {image}
What do you think? Do you think that the price of gold will grow and see those numbers?
Quoting sboy.s63
{quote} What do you think? Do you think that the price of gold will grow and see those numbers?
sorry for delay..,
imo "yes"..,
it is not a big deal for gold to go for one hundred pips
1757 has been printed already and for such a day like today (without NY) I do not expect "big" movements.., or reverse of yesterday (?!)
gold has passed candle "3", H4 inside bar.., candle "2" H4 inside bar can allow her to go until 1761.., and "1"-doji is not always sign of "immediate" reverse, can be printed to continue movement for a while..,
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1753 is support now(?)
daily ichimoku.., 1755.99 to watch
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imo.., one move for today and then "tiny" range
...can be wrong of course
dolce vita
Gold is dominantly bullish in Monthly Timeframe, Weekly Timeframe, and Daily Timeframe (since yesterday)...So this bullish trend is supposed to be kinda wild and bloody.

Especially, if you look at the weekly chart, you can see a tall Weekly Bull Candle. If my experience is telling me the truth, we are gonna have the same size of candle this week. I don't know what kind of fundamentals is necessary for it. It shud just happen

I am not good at drawing. But I tried to draw the approximate target of this week's candle. (Maybe next week - but for sure we need to have that same size candle)

Maybe I am wrong, time will show everything

Best Regards

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EDIT: Better Picture: (Target: Apprx 1830s)
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Imagination rules the world ...
may I
in addition to previous post (by selym_co )
today I posted crude oil daily chart on an other thread mentioning that the price has returning to the beginning of this year..,
now I look at gold chart from the same point of view
and
imo it is quite interesting
crude, daily.., January the 3th (2022)'s candle has H:76.16 & L:73.99
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gold, daily.., same day candle has H:1831.60 & L:1798.20..,
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...no more comments
dolce vita
Quoting selym_co
Gold is dominantly bullish in Monthly Timeframe, Weekly Timeframe, and Daily Timeframe (since yesterday)...So this bullish trend is supposed to be kinda wild and bloody. Especially, if you look at the weekly chart, you can see a tall Weekly Bull Candle. If my experience is telling me the truth, we are gonna have the same size of candle this week. I don't know what kind of fundamentals is necessary for it. It shud just happen I am not good at drawing. But I tried to draw the approximate target of this week's candle. (Maybe next week - but...
Wow, interesting, as that would test 1831, where the old area of total trend reversal lied at...
"Live & Let Live" - David Gilmour
Quoting babayaga
may I in addition to previous post (by selym_co ) today I posted crude oil daily chart on an other thread mentioning that the price has returning to the beginning of this year.., now I look at gold chart from the same point of view and imo it is quite interesting crude, daily.., January the 3th (2022)'s candle has H:76.16 & L:73.99 {image}gold, daily.., same day candle has H:1831.60 & L:1798.20.., {image}...no more comments
By looking at this it seems though it could eventually go down after exhaustion to the top? Seeing as it is below the uptrend drawn.
"Live & Let Live" - David Gilmour
Quoting babayaga
may I in addition to previous post (by selym_co ) today I posted crude oil daily chart on an other thread mentioning that the price has returning to the beginning of this year.., now I look at gold chart from the same point of view and imo it is quite interesting crude, daily.., January the 3th (2022)'s candle has H:76.16 & L:73.99 {image}gold, daily.., same day candle has H:1831.60 & L:1798.20.., {image}...no more comments
Wuuu... It is quite a cool post ...
Imagination rules the world ...
Today Gold so far in 15 minutes range only
Quoting Ravenfeeder
{quote} Seeing as it is below the uptrend drawn.
are you serious?
because I am not going to discuss "impulsive&corrective" wave or whatever of price action it could be
but you can read about this.., not hard to find
...gold can go up or down after all.., I like this simplicity of choice
...I posted my observation, not even analysis
happy trading

P.S. hope I wasn't rude at all
dolce vita
Quoting selym_co
{quote} Wuuu... It is quite a cool post ...
thank you for nice words
dolce vita
Quoting babayaga
{quote} are you serious? because I am not going to discuss "impulsive&corrective" wave or whatever of price action it could be but you can read about this.., not hard to find ...gold can go up or down after all.., I like this simplicity of choice ...I posted my observation, not even analysis happy trading P.S. hope I wasn't rude at all
Hi Baba, I'm still learning, only been trading 16 months, but I am always willing to learn more, so I interpreted your graphs wrong and I apologize for this, no offense taken, you are being constructive in criticism
"Live & Let Live" - David Gilmour
Quoting babayaga
{quote} sorry for delay.., imo "yes".., it is not a big deal for gold to go for one hundred pips 1757 has been printed already and for such a day like today (without NY) I do not expect "big" movements.., or reverse of yesterday (?!) gold has passed candle "3", H4 inside bar.., candle "2" H4 inside bar can allow her to go until 1761.., and "1"-doji is not always sign of "immediate" reverse, can be printed to continue movement for a while.., {image}1753 is support now(?) daily ichimoku.., 1755.99 to watch {image} imo.., one move for...
It was very interesting, please explain more so that I can learn more
Quoting Ravenfeeder
{quote} Hi Baba, I'm still learning, only been trading 16 months, but I am always willing to learn more, so I interpreted your graphs wrong and I apologize for this, no offense taken, you are being constructive in criticism
we are all still learning after all.., everything we wanted...
no need to apologize
stay safe, enjoy
dolce vita
It seems that there is no belief in the growth of gold in the Asian season
Quoting sboy.s63
It seems that there is no belief in the growth of gold in the Asian season
I agree, or London session, we'll have to see. I'm waiting for gold to exhaust itself, almost touching 1762 isn't convincing enough...
"Live & Let Live" - David Gilmour
Hi friends,

do u feel sell is going to start?
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