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  • #4,461
  • Edited 1:36pm Dec 1, 2022 11:24am | Edited 1:36pm
Resistance at 1807.63 in daily time frame is very important for bullish move above that point.
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Love for all; Hatred for none.
  • #4,462
  • Dec 1, 2022 12:05pm Dec 1, 2022 12:05pm
XAU facing resistance today around 1800 would reject an advance if reached, put your sl on base above while on downside 1780 initial support to 1755 should hold , put your sl on below.
  • #4,463
  • Dec 1, 2022 1:22pm Dec 1, 2022 1:22pm
Quoting aahmad29
{quote} Yes i have closed all long term Buy positions but remember two things that i close some positions in loss not because that position hit SL, i close it because i have already made profit and have room to close that position in loss so that i have more available margin. I have divided my equity into two parts. One for long term positions and one for scalping purpose. I will still be using BUY positions for scalping but not for long term trade.
I understand a little bit about your risk management and i like it very much. Hope you will keep posting your plan here. Thank you sir for sharing.
  • #4,464
  • Dec 1, 2022 2:47pm Dec 1, 2022 2:47pm
Quoting OragonFx
{quote} IMO, Until 1785. If it breaks that price we can see it flying to the moon
Gold at strong resistance, if it breaks, we can probably see 1850+
No pen no gen
  • #4,465
  • Dec 1, 2022 5:51pm Dec 1, 2022 5:51pm
Xau strong up now.. I'm waiting NFP.. Maybe can give a little Pullback.. Then i'll buy
https://investizo.com/investment/view?server=1&login=2141779119
  • #4,466
  • Dec 2, 2022 12:29am Dec 2, 2022 12:29am
My view on Gold
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  • #4,467
  • Dec 2, 2022 6:36am Dec 2, 2022 6:36am
Quoting ForexGoose
{quote} Core PCE Price Index m/m data was soft, I bought Gold at 1785, stop loss under 1775, target 1800+ {image}
I’m waiting to see if the NFP report is soft before buying Gold today. I’d like to see the price stay above 1800 or 1810 before buying.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,468
  • Dec 2, 2022 6:44am Dec 2, 2022 6:44am
Quoting ForexGoose
{quote} I’m waiting to see if the NFP report is soft before buying Gold today. I’d like to see the price stay above 1800 or 1810 before buying.
Same here, waiting on the sidelines, I will be very surprised if the NFP and unemployment comes in hot, after yesterday's data.
"Who Dares Wins"
  • #4,469
  • Dec 2, 2022 7:27am Dec 2, 2022 7:27am
Quoting Ravenfeeder
{quote} Same here, waiting on the sidelines, I will be very surprised if the NFP and unemployment comes in hot, after yesterday's data.
hourly earnings will be more important for the strength of the U.S. dollar

the last report showed:

Quote
In October, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents,
or 0.4 percent, to $32.58. Over the past 12 months, average hourly earnings have increased by
4.7 percent. In October, average hourly earnings of private-sector production and nonsupervisory
employees rose by 9 cents, or 0.3 percent, to $27.86. (See tables B-3 and B-8.)

https://www.bls.gov/news.release/empsit.htm
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,470
  • Dec 2, 2022 7:31am Dec 2, 2022 7:31am
Quoting Ravenfeeder
{quote} Same here, waiting on the sidelines, I will be very surprised if the NFP and unemployment comes in hot, after yesterday's data.
more bullish for the U.S. dollar initially after the NFP report

Quote
In November, average hourly earnings for all employees on private nonfarm payrolls rose
by 18 cents, or 0.6 percent, to $32.82. Over the past 12 months, average hourly earnings
have increased by 5.1 percent. In November, average hourly earnings of private-sector
production and nonsupervisory employees rose by 19 cents, or 0.7 percent, to $28.10.
(See tables B-3 and B-8.)
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,471
  • Dec 2, 2022 7:38am Dec 2, 2022 7:38am
Quoting ForexGoose
{quote} I’m waiting to see if the NFP report is soft before buying Gold today. I’d like to see the price stay above 1800 or 1810 before buying.
waiting for another hour, until the stock market opens

there could be a Gold dump again today, so I don't want to buy yet because the NFP report was hot
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,472
  • Dec 2, 2022 7:39am Dec 2, 2022 7:39am
Quoting ForexGoose
{quote} more bullish for the U.S. dollar initially after the NFP report {quote}
What do you think about price targets? Please guide on this? All north America reports are green.
Love for all; Hatred for none.
  • #4,473
  • Dec 2, 2022 7:48am Dec 2, 2022 7:48am
Quoting aahmad29
{quote} What do you think about price targets? Please guide on this? All north America reports are green.
maybe this will happen
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,474
  • Dec 2, 2022 7:54am Dec 2, 2022 7:54am
Quoting ForexGoose
{quote} maybe this will happen {image}
That’s great my calculations were 1753. Thanks
Love for all; Hatred for none.
  • #4,475
  • Dec 2, 2022 7:54am Dec 2, 2022 7:54am
Closed one short position 1799-1785
Love for all; Hatred for none.
  • #4,476
  • Dec 2, 2022 8:48am Dec 2, 2022 8:48am
I bought at 1785, stop loss under 1780, target 1800+

could be risky
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #4,477
  • Dec 2, 2022 9:00am Dec 2, 2022 9:00am
I have sell position from 1802 and 1787 should i take profit or wait for more downside ?
  • #4,478
  • Dec 2, 2022 9:21am Dec 2, 2022 9:21am
Quoting ForexGoose
I bought at 1785, stop loss under 1780, target 1800+ could be risky
I agree, bummed I didn't take profit before the drop, as I have nice orders at the spot it is at now, since yesterday, but I had to play it safe, just in case news made it shoot upwards, of which chances were higher... And they also said the NFP would have to be remarkably high in order to change DXY's direction, and it wasn't, as the market is over focussing on the inflation and now focusses on possible recession and China recovering, and, well, DXY's fall next year, altough they also say Gold will struggle at least until Q2 of 2023...
"Who Dares Wins"
  • #4,479
  • Dec 2, 2022 9:46am Dec 2, 2022 9:46am
If ISM Services report came with green numbers on Monday then Gold is gonna fall like waterfall because there is no economic report until next Friday.
Love for all; Hatred for none.
  • #4,480
  • Dec 2, 2022 10:40am Dec 2, 2022 10:40am
Quoting ForexGoose
I bought at 1785, stop loss under 1780, target 1800+ could be risky
might work out
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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