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  • #6,681
  • Apr 13, 2023 4:39am Apr 13, 2023 4:39am
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}
swing traders donot and will never experience this problem that plagues day traders quite allot.
  • #6,682
  • Apr 13, 2023 4:43am Apr 13, 2023 4:43am
Quoting deaftrader
{quote} 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
The candle closing is also a way. Thanks.
I guess I'll have to think about it.
Just follow the trend.
  • #6,683
  • Apr 13, 2023 4:49am Apr 13, 2023 4:49am
Quoting lucaswalliam
{quote} The candle closing is also a way. Thanks. I guess I'll have to think about it.
I also use candle close option to determine breakouts but only rely on 4H Candle open/close. M30 and 1H mostly provide fake breakouts but 4H ignore it.So my choice for this option is 4H candle open/close specially for GOLD. I may be wrong.Trade safe
  • #6,684
  • Apr 13, 2023 4:56am Apr 13, 2023 4:56am
Sold at 2027,90. Let's see if Resistance holds.
  • #6,685
  • Apr 13, 2023 5:20am Apr 13, 2023 5:20am
Quoting Invincibl3
{quote} USD Buying zone approaching ... let's see how it goes
100.89 has been touched ... Careful on buying gold and others against USD ...
  • #6,686
  • Apr 13, 2023 5:23am Apr 13, 2023 5:23am
Quoting Murugesh29
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
Im upside today! 2036.3

Waiting......

Trade safe..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-04-13 154850.png Size: 27 KB
Its all about Timing!!!
  • #6,687
  • Apr 13, 2023 5:29am Apr 13, 2023 5:29am
Quoting jordiHK
{quote} Gold at 3K, is like those who think that Bitcoin will arrive at 1 Million... In short or mid term, I find it impossible, even with this scenario we have in the global economy. Nowadays even at 2K, the price for an Ounce Troy is overvalued. Honestly 3K is too, too far from reality in short-mid term. But the market is the market, who knows...
I strongly disagree, 3k for gold would be like those that believed bitcoin to reach 3k when it was worth less than 1k, took profit way early and reached just 50k.
3k target may not happen in the new few months but 3k is a very easy achievable target. I agree its a far reach at the moment however it wont take long before it breaks a new high. On a day to day gold gives many trade opportunities for short and long positions to be profitable. So many variables
  • #6,688
  • Apr 13, 2023 5:32am Apr 13, 2023 5:32am
Quoting jordiHK
Sold at 2027,90. Let's see if Resistance holds.
I am short too at 2027 however I have a feeling it will have a tendency to make new highs. Better have tight SL and close profits whenever rather than closing on loss. Ideally + % is better than - % return.
  • #6,689
  • Apr 13, 2023 5:41am Apr 13, 2023 5:41am
I honestly think that gold have the potential to reach ATLEAST $2250 this year, for some it might be "optimistic", but my technicals and fundamentals says otherwise. I`m currently invested into gold for the longterm, i might be wrong. But no risk, no reward.
Ssandar
  • #6,690
  • Apr 13, 2023 5:51am Apr 13, 2023 5:51am
Quoting PabloDon
{quote} I strongly disagree, 3k for gold would be like those that believed bitcoin to reach 3k when it was worth less than 1k, took profit way early and reached just 50k. 3k target may not happen in the new few months but 3k is a very easy achievable target. I agree its a far reach at the moment however it wont take long before it breaks a new high. On a day to day gold gives many trade opportunities for short and long positions to be profitable. So many variables
Bitcoin is a new "coin" that started to be traded at ~2009 if I'm not wrong, with all scenario behind, from 2008. How long Gold has been traded? Even at Paleolithic, 40.000 BC was found, and used. And knowing that more that 60% of gold in the world was extracted after 1950, and daily is extracted more and more, the supply will be available for lots of years. When something is new... and looks nice... becomes excessively expensive. Gold is nice, and useful, but is not new.
After 5-7-10-years for sure gold can reach 3K. But not in 2-3-6 or 12 months. The market always is right, but for sure... is not stupid.
  • #6,691
  • Apr 13, 2023 6:17am Apr 13, 2023 6:17am
Quoting jordiHK
{quote} Bitcoin is a new "coin" that started to be traded at ~2009 if I'm not wrong, with all scenario behind, from 2008. How long Gold has been traded? Even at Paleolithic, 40.000 BC was found, and used. And knowing that more that 60% of gold in the world was extracted after 1950, and daily is extracted more and more, the supply will be available for lots of years. When something is new... and looks nice... becomes excessively expensive. Gold is nice, and useful, but is not new. After 5-7-10-years for sure gold can reach 3K. But not in 2-3-6 or...
And even then prices of gold has only gone up and making new highs. But now to then has only got more reasons to go even higher. The market is always right for sure and shown a gradual and steady increase in price with respect of market conditions.
  • #6,692
  • Apr 13, 2023 6:26am Apr 13, 2023 6:26am
If Gold brake 2029.24 I will look for a buy setup.
  • #6,693
  • Apr 13, 2023 6:30am Apr 13, 2023 6:30am
Quoting PabloDon
{quote} I am short too at 2027 however I have a feeling it will have a tendency to make new highs. Better have tight SL and close profits whenever rather than closing on loss. Ideally + % is better than - % return.
2033 maybe better area possibly
  • #6,694
  • Apr 13, 2023 6:44am Apr 13, 2023 6:44am
Quoting Invincibl3
{quote} 2033 maybe better area possibly
Setting few pending sell at 2031 .. tight SL 2034
  • #6,695
  • Apr 13, 2023 7:44am Apr 13, 2023 7:44am
If closes over 2035, we could face north quite fast, until ~2070s. Will see.
  • #6,696
  • Apr 13, 2023 7:47am Apr 13, 2023 7:47am
Quoting Murugesh29
{quote} Im upside today! 2036.3 Waiting...... Trade safe.. {image}
Target hit...
2040 area dr2..
Its all about Timing!!!
  • #6,697
  • Apr 13, 2023 7:48am Apr 13, 2023 7:48am
Quoting Murugesh29
{quote} Im upside today! 2036.3 Waiting...... Trade safe.. {image}
to day 2070 ? I pray
  • #6,698
  • Apr 13, 2023 7:50am Apr 13, 2023 7:50am
Quoting Toasangvv
{quote} to day 2070 ? I pray
2050-75, extension possible...
Its all about Timing!!!
  • #6,699
  • Apr 13, 2023 7:54am Apr 13, 2023 7:54am
Quoting Murugesh29
{quote} 2050-75, extension possible...
Agree . but I'm not sure because tomorrow has big news, I'm afraid I won't be strong enough to 2070 .
  • #6,700
  • Apr 13, 2023 7:56am Apr 13, 2023 7:56am
Quoting parveenverma
Hey GOLDIs! what's up? I hope all of you are doing well. Gold Bulls became aggressive after break of 2006.I am expecting a quick retracement to 2005-2007 area anytime from current area and after that market can aggressively attack to 2066-2070 area today or till Friday close possible. After break of 2006 M30 & 1H trend change confirmed along with the Bullish trend confirmation.I may be wrong.Trade safe Alert: High Impact Data can change the above figures positively or negatively.
Going well......
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