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  • #4,701
  • Dec 29, 2022 2:42pm Dec 29, 2022 2:42pm
Quoting Suren
{quote} Thank you Aahmad, may I know your comment about the trend in the next week? Regarding the point that the wedge pattern has not still been broken.
Please post your chart for clarification
Love for all; Hatred for none.
  • #4,702
  • Edited 10:57pm Dec 29, 2022 3:06pm | Edited 10:57pm
Quoting aahmad29
{quote} Please post your chart for clarification
Well, I see a wedge pattern. Also, I see a H4 pin bar that I'd like to know your idea about its sign and effect. So my general view on the chart is the beginning of a bearish trend by breaking the wedge pattern in the upcoming days of market.
Beforehand, thanks for your contribution.
Attached Image (click to enlarge)
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Learner
  • #4,703
  • Dec 29, 2022 3:28pm Dec 29, 2022 3:28pm
Quoting Suren
{quote} Well, I see a wedge pattern. Also, I see a H4 pin bar that I'd like to know your idea about its sign and effect. So my general view on the chart is the beginning of a bearish trend by breaking the wedge pattern in the upcoming days of market. Beforehand, thanks in advance for your contribution. {image}
Yes, you are right. I am also expecting break but there are certain support levels which has been tested more than one time (1785, 1773, 1753). Break of each level will give short opportunity with TP of next support. But again it also depends on fundamentals. Strong green US economic data needs to break those support levels.
Love for all; Hatred for none.
  • #4,704
  • Edited 10:44pm Dec 29, 2022 3:39pm | Edited 10:44pm
Quoting aahmad29
{quote} Yes, you are right. I am also expecting break but there are certain support levels which has been tested more than one time (1785, 1773, 1753). Break of each level will give short opportunity with TP of next support. But again it also depends on fundamentals. Strong green US economic data needs to break those support levels.
I also see a reaction to fibo 61.8 on the level of 1819 of the last wave , but I still have no idea about gold's bullish trend on tomorrow and upcoming days that how can such a trend's upward progress be like.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-12-30_01-05-14.png Size: 62 KB
Learner
  • #4,705
  • Dec 30, 2022 2:12am Dec 30, 2022 2:12am
if it breaks 1840 (50%) then it will go to 1880 (61.8%)
  • #4,706
  • Dec 30, 2022 6:29am Dec 30, 2022 6:29am
Quoting aahmad29
That is strong push on H4 timeframe so i am deleting my limit orders at 1822
Aahmad is it still a strong push? because my indicators are getting super saturated in this zone and the price may react to 1822
Learner
  • #4,707
  • Dec 30, 2022 8:04am Dec 30, 2022 8:04am
Quoting Suren
{quote} Aahmad is it still a strong push? because my indicators are getting super saturated in this zone and the price may react to 1822
I didn’t want to be victim so deleted pending order.
Love for all; Hatred for none.
  • #4,708
  • Dec 30, 2022 8:07am Dec 30, 2022 8:07am
Quoting aahmad29
{quote} I didn’t want to be victim so deleted pending order.
What do you think about 1833?
Learner
  • #4,709
  • Edited 11:06am Dec 30, 2022 8:35am | Edited 11:06am
Quoting eastrader
Hope to reach resistance {image}
Finally reached.

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wise man say, only fools rush in
  • #4,710
  • Dec 30, 2022 9:17am Dec 30, 2022 9:17am
Quoting Suren
{quote} What do you think about 1833?
I am looking at H4 chart and there is another rejection on 1823 with wick but in the meantime it is ascending move so I am little bit confused and better to wait. I understand that you are looking at chart with other timeframes but for me H4 is best one.
Attached Image (click to enlarge)
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Love for all; Hatred for none.
  • #4,711
  • Dec 30, 2022 10:45am Dec 30, 2022 10:45am
Four weeks waiting for the big swing, finally my sell at 1822 which was opened 3 days ago stopped out and the trend reversed from that price. Shame.
Learner
  • #4,712
  • Dec 30, 2022 11:50am Dec 30, 2022 11:50am
Quoting Suren
Four weeks waiting for the big swing, finally my sell at 1822 which was opened 3 days ago stopped out and the trend reversed from that price. Shame.
USDX is still bearish in daily, I doubt if 1822 is that point of reverse.
Learner
  • #4,713
  • Jan 2, 2023 8:25am Jan 2, 2023 8:25am
on h4 timeframe i see bearish movement. most likely it'll falling down till end of week.
  • #4,714
  • Jan 2, 2023 12:33pm Jan 2, 2023 12:33pm
Inserted Video


Trading analysis for XAUUSD, setups you can take for the week using technical, fundamental & sentiment analysis.
  • #4,715
  • Jan 3, 2023 4:49am Jan 3, 2023 4:49am
Merry Christmas!

I wish you all a wonderful year with lots of positive experiences.
  • #4,716
  • Jan 3, 2023 8:46am Jan 3, 2023 8:46am
Breaking resistance again?

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDmM15.png Size: 16 KB
wise man say, only fools rush in
  • #4,717
  • Jan 3, 2023 10:30am Jan 3, 2023 10:30am
Hello! 1813 then a flat or a small correction.1792 and after that about 1730.This is not a recommendation, this is how I see the market.And sorry for my English))) interpreter.I hope I'm not mistaken.
  • #4,718
  • Jan 3, 2023 10:48am Jan 3, 2023 10:48am
And I want to show my DetailedStatement.Demo account.I hope I have found my financial grail))))
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  • #4,719
  • Jan 3, 2023 12:47pm Jan 3, 2023 12:47pm
Think we'll visit 1845 again first, and then it'll move down towards 1800. Not going to open any positions for the moment. Want to see how this plays out for the next few days.
  • #4,720
  • Jan 3, 2023 3:18pm Jan 3, 2023 3:18pm
My long position closed on BE at 1830. I should have close at 1840 but I got greedy.
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