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  • #5,081
  • Edited 9:08am Feb 6, 2023 8:05am | Edited 9:08am
gold very odd move, has gained about 5$, then fallen quickly, then it shows several positive pin bars against 1968, but remains in a tight range 1871.5 1872
and M15 to D1 all still bearish candles...

looks like GOLD is ranging between 1875 and 1868 today, but/and when you blink it could dive to 1860 ... and could hit 1830 to, then V-shape sharpely moving back up as if it never had any business down there
  • #5,082
  • Feb 6, 2023 10:32am Feb 6, 2023 10:32am
Quoting ntk
{quote} @TWEE strange, now I realize on FF more than several places when I click the chart the new chart is exact or smaller size it makes hard to read details. Usually it should enlarge, is something wrong in the setting, my eyes arn't in the 20er anymore @Kourosh1347 I understand you try to give hint on the trading range currently in 1875 down to 1868. If break out of 1875 then 1888. But the lower limit why not 1866, or 1863? It looks very much like a flag, and usually for that we could see it down till 1825 ... NOPE, no going to 1825, I was wrong,...
I try to use the zone trading recovery method. I calculate the size of the ZONE from the Average Daily Range
  • #5,083
  • Feb 7, 2023 1:45am Feb 7, 2023 1:45am
...one doji against another.., ( one below is stronger ), and inside pin bar in addition with H:1871.17 & L:1865.11
H4 Ichimoku chart with PPs &TL
Attached Image (click to enlarge)
Click to Enlarge Name: goldmicro-h4-xm-global-limited 07 02 a.png Size: 35 KB
Tenkan at 1870th & Kejun at 1909th, between them WPP: 1886.83 (DeMark's) & 1895.44 (Classic)

today PP have been printed already, but yesterday 1881.62 still left
Daily Ichimoku & TL
Attached Image (click to enlarge)
Click to Enlarge Name: goldmicro-d1-xm-global-limited 07 02 b.png Size: 23 KB
...speaks for itself
dolce vita
  • #5,084
  • Feb 7, 2023 3:02am Feb 7, 2023 3:02am
...imo we have to pay attention to 1875th.., because 1875.77 is DeMark's Monthly S1 line

stay safe
dolce vita
  • #5,085
  • Feb 7, 2023 4:45am Feb 7, 2023 4:45am
Quoting babayaga
...imo we have to pay attention to 1875th.., because 1875.77 is DeMark's Monthly S1 line stay safe
It's been testing that resistance hard today, and holding well, just frustrating that Gold keeps bouncing off the 1972-1971 support, it will have to give way once the hawkish Fed comments start rolling in.. I have sell in 1965 and 1962, so I really hope the 1960 resistance of two days ago will be tested again...
"Who Dares Wins"
  • #5,086
  • Feb 7, 2023 8:26am Feb 7, 2023 8:26am
H4 Timeframe
After hawkish comments, price can try to fill up gaps at 1839 and 1809.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD1.png Size: 11 KB
Love for all; Hatred for none.
  • #5,087
  • Feb 7, 2023 8:41am Feb 7, 2023 8:41am
Quoting aahmad29
H4 Timeframe After hawkish comments, price can try to fill up gaps at 1839 and 1809. {image}
Awesome analysis Aahmad! Now Gold is testing the 1971 line again, hopefully this time support-turned-resistance
"Who Dares Wins"
  • #5,088
  • Feb 7, 2023 10:12am Feb 7, 2023 10:12am
...And there gold skyrockets back up to 1977, almost 1880... Ranging nicely today? Maybe the dollar's being sold off before being bought like hell after the Powell speech, as I am sure he will be ultra hawkish...
"Who Dares Wins"
  • #5,089
  • Feb 7, 2023 10:19am Feb 7, 2023 10:19am
sold from 1875, stop above 1885, target 1840
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #5,090
  • Feb 7, 2023 10:31am Feb 7, 2023 10:31am
I feel it will come back from 1899
  • #5,091
  • Feb 7, 2023 11:35am Feb 7, 2023 11:35am
Quoting ForexGoose
sold from 1875, stop above 1885, target 1840

I am short from 1871 and TP 1842
Love for all; Hatred for none.
  • #5,092
  • Feb 7, 2023 12:10pm Feb 7, 2023 12:10pm
Short also. 1880. TP1 1865.
  • #5,093
  • Feb 7, 2023 12:13pm Feb 7, 2023 12:13pm
Quoting blackndwhite
Short also. 1880. TP1 1865.
Now we wait for the drop.
"Who Dares Wins"
  • #5,094
  • Feb 7, 2023 5:43pm Feb 7, 2023 5:43pm
i think this one might actually hit over time, i betted big on this one, what you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2023-02-08 om 00.43.07.png Size: 63 KB
  • #5,095
  • Feb 8, 2023 3:12am Feb 8, 2023 3:12am
TARGET TOWARDS 2000
  • #5,096
  • Feb 8, 2023 3:25am Feb 8, 2023 3:25am
Quoting Preethi
TARGET TOWARDS 2000
In the long run, maybe H2 or Q3 this year, but not soon, I mean there's plentiful resistance to get through, and US data in general is stronger than most, I think we still have to go down to test 1860 again (daily low, maybe even weekly low now), and maybe even test 1850, 1830 before rallying properly. Just my speculation
"Who Dares Wins"
  • #5,097
  • Feb 8, 2023 5:43am Feb 8, 2023 5:43am
Quoting Preethi
TARGET TOWARDS 2000
sure... sometime but not know
  • #5,098
  • Feb 8, 2023 6:35am Feb 8, 2023 6:35am
Solid retest of support level on gold, might take this trade soon, will probably place TP higher than it says on the screenshot
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2023-02-08 om 13.34.39.png Size: 68 KB
  • #5,099
  • Feb 8, 2023 6:51am Feb 8, 2023 6:51am
Quoting Finndis
Solid retest of support level on gold, might take this trade soon, will probably place TP higher than it says on the screenshot {image}
where will TP be? 1890? Chancy, but I can see why you would do that, good luck man!
"Who Dares Wins"
  • #5,100
  • Feb 8, 2023 6:58am Feb 8, 2023 6:58am
Quoting Ravenfeeder
{quote} where will TP be? 1890? Chancy, but I can see why you would do that, good luck man!
Yeah 1890 would be a good target, but im still gonna wait a bit gold has shifted since i made the post and now the candle is negative so probably wont trade gold for another 1-2 hours
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