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  • #6,661
  • Apr 13, 2023 2:22am Apr 13, 2023 2:22am
Quoting Isabella_D
{quote} DXY I have, see above. Missing Treasuries, Bonds in this scale
Ops ... I can't find it too ... maybe not offered in FF
  • #6,662
  • Apr 13, 2023 2:33am Apr 13, 2023 2:33am
Quoting Isabella_D
{quote} the dollar mark is striking (and gold's movement has reversed in the last half hour). Let's see what the market makes of the mixture of dollar weakness, inflation and above all recession. For me, Gold 2025 is a noteworthy mark, where new reactions are due for me.

Yeah too big to fall , but it doesn't fall, it loose at the moment against gold,
For moment, timeframe 1h+ , I see the gold UP

So Keeping an eye on your risk and cutting your losses short!

PS: In my mind, at this moment, the great $ is the big and most important currency in the word,
but gold is yellow or shiny( and this time we have a big inflation almost everywhere) ,
So, I want more gold and $
It is not about what you think, but what you see and your actions after!
  • #6,663
  • Apr 13, 2023 2:48am Apr 13, 2023 2:48am
[quote=CSCristian;14393298]{quote} J ....

Gold is overvalued in its economic importance. And it is not an inflation hedge. And yes, I can see my losses and you can see yours? Please always note the TF considered here.
  • #6,664
  • Apr 13, 2023 3:09am Apr 13, 2023 3:09am
[quote=Isabella_D;14393315]
Quoting CSCristian
{quote} J .... Gold is overvalued in its economic importance. And it is not an inflation hedge. And yes, I can see my losses and you can see yours? Please always note the TF considered here.
Offtopic:
Sorry Isabella_D,
My post is more of a joke ...

"So Keeping an eye on your risk and cutting your losses short!" that is generally remark( sorry!)

"Gold is overvalued in its economic importance. And it is not an inflation hedge." alright, maby you have right,
But the market sees something else!
See you, BTC what it is ?!!?

Anyway, I apologize if I disturbed you!

PS: All that I write is an opinion, my opinions about events and how I see the moment!
Have a great day!!!
It is not about what you think, but what you see and your actions after!
  • #6,665
  • Apr 13, 2023 3:11am Apr 13, 2023 3:11am
Quoting Invincibl3
{quote} 100.80 - 100.89 USD Index ... will look for Sell on currency or gold against USD ... USD should retrace upside probably
USD Buying zone approaching ... let's see how it goes
  • #6,666
  • Apr 13, 2023 3:27am Apr 13, 2023 3:27am
Hi, guys, I have a question.
How do you guys deal with this situation when you encounter it?
US Dollar Index, 4H, price has a very clear support level A, and the next price seems to be recognized by the market to collect a small positive line.
Then, the market broke down.
My question is, how do I go about determining if it will break out and possibly signal a break down?
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Just follow the trend.
  • #6,667
  • Apr 13, 2023 3:34am Apr 13, 2023 3:34am
And GOLD at 2028 and UP

Where is the limit?!?!
It is not about what you think, but what you see and your actions after!
  • #6,668
  • Apr 13, 2023 3:38am Apr 13, 2023 3:38am
Quoting lucaswalliam
Hi, guys, I have a question. How do you guys deal with this situation when you encounter it? US Dollar Index, 4H, price has a very clear support level A, and the next price seems to be recognized by the market to collect a small positive line. Then, the market broke down. My question is, how do I go about determining if it will break out and possibly signal a break down? {image}
Yeap, good question lucaswalliam
The market sometimes, does not make sense.
For moment, I try to study and find and answer.
It is not about what you think, but what you see and your actions after!
  • #6,669
  • Apr 13, 2023 3:40am Apr 13, 2023 3:40am
Quoting lucaswalliam
Hi, guys, I have a question. How do you guys deal with this situation when you encounter it? US Dollar Index, 4H, price has a very clear support level A, and the next price seems to be recognized by the market to collect a small positive line. Then, the market broke down. My question is, how do I go about determining if it will break out and possibly signal a break down? {image}
well, your subwindow says down, your MA says down: any upward move is a retracement that could end any time (especially when market opens...). So you simply have to make up your mind whether you want to take your indicators' readings as factual or interpret them as suggestions one may or may not follow (but what exactly is one to follow instead?)
As Adam Grimes wrote: most support- and resistance-lines are broken (quantitatively speaking).
  • #6,670
  • Apr 13, 2023 3:40am Apr 13, 2023 3:40am
Quoting Isabella_D
{quote} DXY I have, see above. Missing Treasuries, Bonds in this scale
Hi Isabella, I don't think you'll find it here, or even on MT5 (I've looked), but you can have it as a separate tab or webpage:


https://www.marketwatch.com/investin...countrycode=bx

Take care
"Who Dares Wins"
  • #6,671
  • Apr 13, 2023 3:45am Apr 13, 2023 3:45am
Quoting lucaswalliam
Hi, guys, I have a question. How do you guys deal with this situation when you encounter it? US Dollar Index, 4H, price has a very clear support level A, and the next price seems to be recognized by the market to collect a small positive line. Then, the market broke down. My question is, how do I go about determining if it will break out and possibly signal a break down? {image}
The price has clearly been making lower highs ... if you measure equal move from recent lower high to low and place it on the current recent lower high will put you around 100.80 - 100.89 ... I believe we could bounce from here and if we break 102.458 then trend change ... Gold maybe around 2033 will look for sell
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  • #6,672
  • Apr 13, 2023 3:48am Apr 13, 2023 3:48am
Quoting lucaswalliam
Hi, guys, I have a question. How do you guys deal with this situation when you encounter it? US Dollar Index, 4H, price has a very clear support level A, and the next price seems to be recognized by the market to collect a small positive line. Then, the market broke down. My question is, how do I go about determining if it will break out and possibly signal a break down? {image}
Oh....lucaswalliam sorry I post the answer in GU Forum.I use mostly this strategy and it works most of time for me. In this situation I shift to 5m TF and wait for the HH-HL and LL and LH confirmation to decide enter into buy or sell trade. I may be wrong. trade safe
  • #6,673
  • Apr 13, 2023 3:49am Apr 13, 2023 3:49am
I know there are many gold traders here but going forward be cautious with your long trades.As you see on the monthly chart the price has been making lower highs and loser lows.So if the price failed to break past the last lower high at 2070.41 then price will be targeting 1617.13 .See pic attached.

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  • #6,674
  • Apr 13, 2023 3:58am Apr 13, 2023 3:58am
Quoting lucaswalliam
Hi, guys, I have a question. How do you guys deal with this situation when you encounter it? US Dollar Index, 4H, price has a very clear support level A, and the next price seems to be recognized by the market to collect a small positive line. Then, the market broke down. My question is, how do I go about determining if it will break out and possibly signal a break down? {image}
your approach depends a bit on your "religion". How faithful are you to the chart. If in doubt, I will (after a quick check in the TF and a current overweight in the USDX basket) stay away from the technical chart statements. Are there influencing market influences? (News, stock market overreaction, bonds, how do other FX correlate)? More suitable from TF H1.
  • #6,675
  • Apr 13, 2023 4:05am Apr 13, 2023 4:05am
Quoting Ravenfeeder
{quote} Hi Isabella, I don't think you'll find it here, or even on MT5 (I've looked), but you can have it as a separate tab or webpage: https://www.marketwatch.com/investin...countrycode=bx Take care
,

thanks for good source, I normaly use stooq.com and satisfied with it, but always a new tab to have a look.
  • #6,676
  • Apr 13, 2023 4:09am Apr 13, 2023 4:09am
Today's target 2035-2050,(2036)
2028 dr1 ,if cant break now, then back to 2014( dp ) possible.
My bias is upside target today.


Trade Safe
Its all about Timing!!!
  • #6,677
  • Apr 13, 2023 4:15am Apr 13, 2023 4:15am
Quoting lucaswalliam
{quote} Agree with your thoughts. Gold does have a need to go down, but the trend is still up.
This is what I see exactly!
We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #6,678
  • Apr 13, 2023 4:28am Apr 13, 2023 4:28am
Quoting josi
{quote} well, your subwindow says down, your MA says down: any upward move is a retracement that could end any time (especially when market opens...). So you simply have to make up your mind whether you want to take your indicators' readings as factual or interpret them as suggestions one may or may not follow (but what exactly is one to follow instead?) As Adam Grimes wrote: most support- and resistance-lines are broken (quantitatively speaking).
Yes. The trend is still down and I should respect it until a clear reversal is signaled.
Just follow the trend.
  • #6,679
  • Apr 13, 2023 4:30am Apr 13, 2023 4:30am
Quoting parveenverma
{quote}Oh....lucaswalliam sorry I post the answer in GU Forum.I use mostly this strategy and it works most of time for me. In this situation I shift to 5m TF and wait for the HH-HL and LL and LH confirmation to decide enter into buy or sell trade. I may be wrong. trade safe
Yes, thank you for your answer, it was very helpful to me.
Just follow the trend.
  • #6,680
  • Apr 13, 2023 4:37am Apr 13, 2023 4:37am
Quoting lucaswalliam
Hi, guys, I have a question. How do you guys deal with this situation when you encounter it? US Dollar Index, 4H, price has a very clear support level A, and the next price seems to be recognized by the market to collect a small positive line. Then, the market broke down. My question is, how do I go about determining if it will break out and possibly signal a break down? {image}
Always advisable to wait for a candle close to determine breakout ,sometimes it’s can be fake out or false breakout ,if price is at a support or resistance zone you need confluences to know if it’s rejecting or not ,candle stick pattern ,chart patterns ,rsi or other
We only trade when there is AGREEMENT. Get 1% Better Each Day!
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