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Gold

With my analysis of gold, I expect it to reach 1938, the monthly resistance.
And if it surpasses the monthly resistance, I expect it to reach 1950.9, the weekly resistance
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Quoting ForexGoose
sold from 1923, stop loss above 1930, take profit at 1900 maybe it will be bearish until after the FOMC
stopped out
don't believe in mumbo jumbo from gurus & charlatans
I think a push to the downside towards 1919 and then bounce back up towards to 1928 level. Anyone else thinking similar?
Quoting ForexGoose
{quote} stopped out
I had SL @1935 because @1934 I had resistance line but I also closed it at 45 points profit only. Now waiting for FOMC.
Love for all; Hatred for none.
Quoting Hickeyy14
I think a push to the downside towards 1919 and then bounce back up towards to 1928 level. Anyone else thinking similar?
it could go up after the FOMC statement and then down after the press conference

1950, 1960, 1980 are resistance levels for me

1900 is a support area for me
don't believe in mumbo jumbo from gurus & charlatans
Quoting ForexGoose
{quote} it could go up after the FOMC statement and then down after the press conference 1950, 1960, 1980 are resistance levels for me 1900 is a support area for me
Yeah agreed! I think 1900 is a solid support level from here on, i am just awaiting the FOMC statement to see how USD is going to be affected. I can see a big push up after the statement however, like you said, i think will begin bearish after the press conference.
  • Post #5,027
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  • Feb 1, 2:08pm (2 hr 21 min ago) Feb 1, 2:08pm (2 hr 21 min ago)
25 bps hike as expected. Solid support at 1900. Think we'll see a push towards 1945-1950 and beyond.
  • Post #5,028
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  • Feb 1, 3:03pm (1 hr 26 min ago) Feb 1, 3:03pm (1 hr 26 min ago)
buy stop placed at 1990, could be risky to buy there since 1980 looks like a strong resistance level

I expect more upside if the price stays above 1950 today
don't believe in mumbo jumbo from gurus & charlatans
  • Post #5,029
  • Quote
  • Feb 1, 3:09pm (1 hr 20 min ago) Feb 1, 3:09pm (1 hr 20 min ago)
Quoting ForexGoose
buy stop placed at 1990, could be risky to buy there since 1980 looks like a strong resistance level I expect more upside if the price stays above 1950 today
why dont u buy from 1945
Quoting ForexGoose
buy stop placed at 1990, could be risky to buy there since 1980 looks like a strong resistance level I expect more upside if the price stays above 1950 today
Agree with you. Closed at 1947. Am going to see how things finish today before I trade this again. Resistance at 1980 for sure but I still think we'll go north of that on this run.
bought from 1950 as a cowboy, target is 1980
don't believe in mumbo jumbo from gurus & charlatans
  • Post #5,032
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  • Last Post: Feb 1, 4:01pm (28 min ago) Feb 1, 4:01pm (28 min ago)
Quoting ForexGoose
bought from 1950 as a cowboy, target is 1980
Watch for ~1958 for today. Could be a strong resistance.


I was watching 1920 closely. Didn’t buy when it came the last time. Wasting too much attempts on very bad positions just for trading
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